Chair

Gary

Coin

<ul class="news-points"> 
 <li><strong>John Deaton criticized SEC Chair Gary Gensler’s notions of securities.</strong></li> 
 <li><strong>Previously, Gensler lectured on the importance of securities laws for customer protection.</strong></li> 
 <li><strong>David Schwartz raised questions on how the law is beneficial for customer protection.</strong></li> 
</ul> 
<p>John E. Deaton, the XRP attorney known for his acute comments on the <a href="https://coinedition.com/tag/sec/" rel="noopener noreferrer nofollow">Securities and Exchange Commission’s (SEC)</a> unfavorable regulatory norms, cast doubt on SEC Chair Gary Gensler’s abstract notions of “security.” Recalling Gensler’s 2022 lecture on securities, Deaton asserted that the SEC Chair has no idea of the definition of a security or an investment contract.</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">I don’t care that <a href="https://twitter.com/GaryGensler?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@GaryGensler</a> taught at MIT. The man has has no clue what is or isn’t an investment contract aka, a security. According to him, if an asset is being promoted by someone it transforms the asset into a security. He completely ignores the fact that U.S. securities… <a href="https://t.co/0NxRRMZ696" target="_blank" rel="noopener noreferrer nofollow">https://t.co/0NxRRMZ696</a></p>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1708492398689390909?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 1, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>In June 2022, Gensler, addressing the Massachusetts Institute of Technology (MIT),<a href="https://x.com/NerdNationUnbox/status/1539158046487846912?s=20" target="_blank" rel="noopener noreferrer nofollow"> </a>delivered a narrative on the role of securities law in investor protection, claiming that the rules promo…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/john-deaton-and-ripple-cto-shun-gary-genslers-regulation/">John Deaton and Ripple CTO Shun Gary Gensler’s Regulation</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

John Deaton and Ripple CTO Shun Gary Gensler’s Regulation

Coin Edition

Other articles published on Oct 2, 2023

Surprisingly, Solana (SOL) Records an Unanticipated 15% Surge, Shattering the 200 EMA Barrier

BIS Berhasil Melakukan Uji CBDC Dalam Proyek Mariana, Gandeng Beberapa Bank Sentral

BingX Release new BRC20 token SATSUSDT onto trading platform

Bitfarms Mines 411 BTC in September, Increases Hashrate by 9%

Dogecoin Price Analysis: Will DOGE Price Break Out Soon?

“Blockchain can improve the government” – Chris Ani at Coinference 2023

Join our free newsletter for daily crypto updates!