<ul><li>Pro-XRP lawyer John Deaton questions the SEC&#39;s actions regarding cryptocurrency regulations, particularly Ethereum and Bitcoin.</li><li>Deaton suggests the possibility of multi-agency coordination with the SEC taking the lead, sparking skepticism about government actions in the crypto industry.</li><li>Steven Nerayoff was charged with extortion related to a 2017 initial coin offering (ICO) threat against a Seattle-based crypto startup, which was dismissed later.</li></ul>In a recent tweet pro-XRP lawyer John Deaton, the founder of Crypto-Law US, delved into issues involving the United States Securities and Exchange Commission (SEC), and its actions related to cryptocurrency regulations, particularly Ethereum and Bitcoin. He referred to the actions taken by the government against Steven Nerayoff, an early adviser to the Ethereum network.Deaton raised suspicions about multi-agency coordination, with a focus on the SEC taking the lead. Suggesting skepticism about the government&#39;s actions, Deaton tweeted, “You do not have to wear a tin foil hat to suspect multi-agency coordination, with the SEC taking the lead”.Nerayoff and his employee Michael Hlady were <a href="https://www.justice.gov/usao-edny/pr/two-arrested-extortion-startup-cryptocurrency-company" rel="noopener noreferrer nofollow">charged</a> with extortion as they allegedly threatened to destroy an unnamed Seattle-based crypto startup during its initial coin offering (ICO) in 2017 if they were not paid millions of dollars in the cryptocurrency Ether (ETH). A New York judge dismissed criminal extortion charges against Steven Nerayoff case which involved explosive allegations against U.S. investigators, with Nerayoff maintaining his innocence from the beginning.Read full article at <a href="https://cryptotale.org/pro-xrp-lawyer-raises-concerns-over-secs-actions-amid-nerayoff-case-dismissal/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Pro-XRP Lawyer Raises Concerns Over SEC's Actions Amid Nerayoff Case Dismissal

CryptoTale

Other articles published on Sep 16, 2023

Factors Smashing the Country and its Economic Consequences

Binance.US Vs SEC Lawsuit: Is The Exchange At Risk Of Potential Downfall Or Just FUD ?

XRP Advocate and Crypto Lawyer John Deaton Joins LBRY Lawsuit – Here's the Latest

Mark Cuban’s Crypto Wallet Stolen After 160 Days of Inactivity

Politician Responds as Buterin Questions Hong Kong’s Crypto Credentials

Celsius acquires Texas mining site from Core Scientific for $14m

Join our free newsletter for daily crypto updates!