Oath

Coin

<ul class="news-points"> 
 <li><strong>John Deaton accuses the SEC of neglecting its primary mission in digital asset oversight.</strong></li> 
 <li><strong>Deaton questioned ex SEC Director’s testimony under oath, suggesting potential dishonesty.</strong></li> 
 <li><strong>Deaton calls for regulatory reforms to prevent conflicts of interest and maintain transparency.</strong></li> 
</ul> 
<p>In a recent tweet, a well-known pro-crypto lawyer, <a href="https://coinedition.com/sec-split-on-decision-to-appeal-claims-crypto-lawyer-john-deaton/" rel="noopener noreferrer nofollow">John Deaton</a>, criticized the U.S. Securities and Exchange Commission (SEC). He argued that the agency has lost its focus on its mission and appears to disregard the law.</p> 
<p>According to Deaton, the former Director of Corporation Finance at the SEC, Bill Hinman, testified under oath that the agency does not need to satisfy all aspects of the Howey test to establish an offer or sale as an investment contract.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">The <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@SECGov</a>, like many federal agencies, has lost complete sight of its mission and purpose. It literally ignores the law. Digital assets and the Ripple XRP case are the perfect examples.<br><br>Bill Hinman testified UNDER OATH that the SEC does not have to satisfy all Howey factors to… <a href="https://t.co/8sEDNiuaOy" target="_blank" rel="noopener noreferrer nofollow">https://t.co/8sEDNiuaOy</a></p>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1696210456526950511?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 28, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>Meanwhile, Deaton raised concerns about the statement. He suggested that it l…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/sec-hinman-under-fire-did-he-lie-under-oath-on-investment-contracts/">SEC Hinman Under Fire: Did He Lie Under Oath on Investment Contracts?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

SEC Hinman Under Fire: Did He Lie Under Oath on Investment Contracts?

Coin Edition

Other articles published on Aug 29, 2023

Impact Theory’s NFT Settlement With SEC: Attorney’s Three Key Observations

Argo Blockchain cuts 2022 debt by half, down to $75M

Bitcoin Accumulating Within a Narrow Range; This Could be the Beginning of the Next Bull Run

SEC Sues Web3 Firm for Raising $30M With NFTs to “Build the Next Disney”

Bitmain Rolls Out Second Batch of Antminer KS3 Amid Mining Crunch

Friend.tech imposes penalties on fork users amid revenue slump

Join our free newsletter for daily crypto updates!