<ul><li>John Deaton alleges regulatory capture within the SEC, focusing on conflicts of interest involving key figures like William Hinman and Jay Clayton.</li><li>The allegations come against the backdrop of the SEC&#39;s lawsuit against Ripple, which is accused of raising over $1.3 billion through an unregistered digital asset securities offering.</li><li>Deaton highlights that William Hinman had allegedly ignored directives to cease meetings with his EEA partners at Simpson Thacher.</li></ul>Attorney John Deaton had recently raised serious questions about the U.S. Securities and Exchange Commission&#39;s (SEC) integrity, alleging a form of regulatory capture. This term referred to a situation where a regulatory agency advanced the interests of a specific group over the public it was intended to serve.In a detailed thread, Deaton went to slam the securities regulator:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/ba2efbaa807740d49297d39bd111e4b7.png" />The context for these allegations was the <a href="https://cryptotale.org/ripple-vs-sec-legal-clash-sparks-cryptocurrency-rollercoaster/" rel="noopener noreferrer nofollow">SEC&#39;s lawsuit against Ripple</a> Labs Inc., which was filed in December 2020. The SEC had accused Ripple and its executives, Christian Larsen and Bradley Garlinghouse, of raising over $1.3 billion through an unregistered digital asset securities offering involving Ripple&#39;s cryptocurrency, XRP.Read full article at<a href="https://cryptotale.org/attorney-john-deaton-raises-serious-allegations-against-sec-in-ripple-lawsuit/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Attorney John Deaton Raises Serious Allegations Against SEC in Ripple Lawsuit

CryptoTale

Other articles published on Sep 25, 2023

Blockchain Reliability Showcased: Cardano's Enduring Appeal

Coinbase secures AML license from the Bank of Spain

Vitalik Buterin Continues to Sell Ethereum, Raising Concerns of Future Declines

North Korean Lazarus Group’s crypto holdings decline to $47M- Reports

Blockchain investigator ZachXBT slams Gotbit over controversial services

MicroStrategy Continues Bitcoin Buying Spree, Acquiring $147 Million Worth

Join our free newsletter for daily crypto updates!