John Deaton, attorney and founder of CryptoLaw, criticized the U.S. Securities and Exchange Commission (SEC) in a recent tweet. He cited examples, including the Ripple lawsuit, where federal judges had found the SEC's arguments to be without merit, with one judge stating that SEC lawyers lacked faithful allegiance to the law. Deaton also referred to the LBRY lawsuit where the judge requested clarity from the SEC for users of the platform and secondary market. He filed an amicus brief in the case to ensure that the judge's ruling did not extend to secondary market transactions. The judge ruled that initial sales of the LBC token were an unregistered security offering but clarified that his ruling did not apply to secondary market sales. Meanwhile, Tomiwabold is a cryptocurrency analyst who conducts comprehensive price analysis and exchanges predictions of estimated market trends, having earned his degree at the University of Lagos.
Ripple case: Judge says SEC lawyers prioritize their personal agenda over the law.
John Deaton, attorney and founder of CryptoLaw, criticized the U.S. Securities and Exchange Commission (SEC) in a recent tweet. He cited examples, including the
