{"id":137254,"date":"2024-09-15T12:00:24","date_gmt":"2024-09-15T09:00:24","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137254"},"modified":"2024-09-15T01:19:06","modified_gmt":"2024-09-14T22:19:06","slug":"pro-crypto-lawyer-blames-sec-for-15-billion-investor-losses","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/pro-crypto-lawyer-blames-sec-for-15-billion-investor-losses\/","title":{"rendered":"Pro-Crypto Lawyer Blames SEC for $15 Billion Investor Losses"},"content":{"rendered":"

John Deaton, a pro-crypto lawyer and Republican candidate, claims<\/a><\/strong> that the SEC\u2019s aggressive enforcement has led to losses exceeding $15 billion for small investors. Deaton criticized the SEC\u2019s \u201cgross overreach\u201d and vowed to hold the agency accountable for its actions.<\/p>\n

This statement follows Deaton\u2019s recent win in the Massachusetts Senate primary, where he will challenge Senator Elizabeth Warren. Deaton\u2019s remarks were made public on September 13, as he continues to advocate for clearer regulatory guidelines for cryptocurrencies.<\/p>\n

In a related development, the SEC appears to be shifting its stance on the nature of cryptocurrencies. According to a court filing shared by Coinbase\u2019s chief legal officer, Paul Grewal, the SEC has clarified that it no longer views cryptocurrencies as securities. This clarification came amid ongoing legal battles and has been seen as a significant departure from previous positions, particularly concerning the XRP token.<\/p>\n