A Twitter exchange between crypto lawyer John Deaton and Bitcoin maximalist Max Keiser has sparked interest in the ongoing SEC-crypto controversy. Deaton criticized Bitcoin maximalists who supported the SEC’s interference, leading to a response from Keiser, who insisted that the SEC would continue to target XRP and other cryptocurrencies, excluding Bitcoin. Keiser argued that Wall Street lacked regulations for those with financial power, specifically targeting Brad Garlinghouse for allegedly perpetuating a Ponzi scheme. Deaton defended Ripple, stating that the SEC cannot “kill” XRP and highlighting the transient nature of regulators. Keiser dismissed the significance of the Hinman letter and predicted that the SEC would target Ethereum and XRP as unregistered securities. He suggested that the SEC would use national security and the Patriot Act to hinder the success of these projects. Keiser also disagreed with Deaton’s argument that software code is not a security, claiming that Ripple/XRP may have intentionally evaded regulations.
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