SEC's Alleged Bias Towards Corporate Capitalism Sparks Controversy in Crypto Industry
Pro-XRP lawyer, John Deaton, argues that the actions taken by the SEC against the crypto industry prioritize corporate capitalism over investor protection. Deaton criticizes the SEC's unequal treatment of industry players, such as Coinbase and Ripple, and its focus on targeting exchanges instead of addressing fraud within the crypto space. He also highlights the SEC's opposition to retail investors participating in the Ripple case, suggesting a preference for larger financial institutions. Deaton's concerns raise questions about the effectiveness and fairness of the SEC's regulatory framework for digital assets.