Chair

Gary

Coin

<ul>
 <li>John Deaton criticized SEC Chair Gary Gensler’s notions of securities.</li>
 <li>Previously, Gensler lectured on the importance of securities laws for customer protection.</li>
 <li>David Schwartz raised questions on how the law is beneficial for customer protection.</li>
</ul>
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.
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 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>— 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>
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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…
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>.

John Deaton and Ripple CTO Shun Gary Gensler’s Regulation

Coin Edition

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