Crypto lawyer argues SEC unfit to regulate digital assets, as Gensler confirms BTC and ETH not securities.

The recently unsealed Hinman documents provide support for Ripple, Coinbase, and other entities that have faced unjust targeting by regulators, according to crypto lawyer John Deaton. The documents may influence public opinion and shape legislative discussions in Congress, raising concerns about the conduct of regulators and the interpretation of existing laws. Deaton believes that the SEC may not be the appropriate agency to oversee the crypto industry, given the apparent conflicts of interest and impropriety highlighted by the documents. The documents may also bolster Ether's position by reducing the likelihood of it being classified as a security by the SEC.