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“Fight The SEC’s Overreach,” Tweets Crypto Attorney Deaton
Published Feb 03, 2023 05:14PM ET
Updated Feb 03, 2023 05:30PM ET
“Fight The SEC’s Overreach,” Tweets Crypto Attorney Deaton
- Founder of CryptoLaw Deaton calls out the SEC for unconstitutional violation of 76 years of case law.
- Deaton urges the crypto community to resist the SEC’s overreach.
- “SEC focuses on the token itself instead of its surroundings,” says Deaton.
John E. Deaton, the founder of CryptoLaw, argues that the mere fact that a cryptocurrency was offered or sold as an investment contract does not make it a security. John E. Deaton, Founder of CryptoLaw, issues an amicus brief where he calls the Securities Exchange Commission (SEC) “analytically lazy.” He says that its so-called shorthand constituted an unconstitutional shortcut violating 76 years of case law.
Deaton urges his community to fight the SEC’s overreach and its attempt to exercise jurisdiction in secondary markets in his recent tweet. He points out that Hester Peirce, SEC Commissioner, herself admitted that her colleagues at the SEC perform a “shorthand” analysis.
In my amicus brief in the @Ripple case I said the SEC was analytically lazy and its so-called shorthand constituted an unconstitutional shortcut violating 76 years of caselaw.The post “Fight The SEC’s Overreach,” Tweets Crypto Attorney Deaton appeared first on Coin Edition.We must fight the SEC’s overreach and its attempt t…
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