Pro-XRP Lawyer Advocates for SEC to Conclude ‘Crypto Wars,’ Citing Stifled Innovation and Industry Burdens
WASHINGTON — Pro-XRP attorney John E. Deaton has recently voiced a call to U.S. regulators for a cessation of the ongoing disputes known as the “crypto wars,” prominently led by the Securities and Exchange Commission (SEC). Deaton criticizes these legal engagements, which have targeted major cryptocurrency firms such as Ripple Labs, LBRY, and Coinbase, for placing considerable financial and operational strains on the industry. He argues that these actions hinder innovation and cause significant losses in opportunities across the sector. Ripple Labs, which is behind the digital currency XRP, has incurred over $150 million in … Read more