John Deaton Accuses SEC of Double Standards in Crypto Lawsuits
On June 9, 2023, John Deaton, the founder of CryptoLaw US, made a significant announcement criticizing the SEC and the crypto exchanges targeted in recent lawsuits. Here are the key points:
- The SEC, claiming to act in the interests of digital asset investors, has lodged allegations against platforms like Binance and Coinbase.
- Deaton argues that the SEC is not defending the best interests of retail crypto holders and has its own undisclosed agenda.
- Deaton’s main goal is to represent the real voice of crypto investors and holders.
- He launched a Google form to gather a potential class of customers and crypto account holders who use Coinbase and Binance to make their voices heard in court.
- As of July 4, 2023, over 2,331 customers have expressed interest in joining the potential amicus curiae in the SEC vs. Coinbase lawsuit.
Hot Take: John Deaton’s initiative aims to give the crypto community a say in the lawsuits against Coinbase and Binance, accusing the SEC of double standards and not acting in the best interests of crypto holders.
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