Crypto lawyer and XRP supporter John Deaton says that the U.S. Securities and Exchange Commission (SEC) is moving in the wrong regulatory direction at the expense of retail investors.
Deaton tells his 263,500 Twitter followers that SEC officials have had more than enough time to create greater regulatory clarity around cryptocurrencies.
He highlights how years ago former SEC officials made statements making it seem that XRP and similar digital assets would not be considered securities. But that question now remains the subject of debate and litigation.
Mark Astarita is a nationally recognized securities attorney, who represents investors, financial professionals and firms in securities litigation, arbitration and regulatory matters, including SEC and FINRA investigations and enforcement proceedings.
He is a partner in the national securities law firm Sallah Astarita & Cox, LLC, and the founder of The Securities Law Home Page - SECLaw.com, which was one of the first legal topic sites on the Internet. It went online in 1995 and is updated daily with news, commentary and securities law related links.