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<ul><li>John E Deaton responds to SEC&#39;s tweet, questioning the agency&#39;s credibility.</li><li>Deaton referred to an Appellate Court ruling that questioned the SEC&#39;s rejection of a spot ETF application.</li><li>Deaton also cited another ruling that found the SEC&#39;s actions &#34;arbitrary and capricious.&#34;</li></ul>On October 16, the US Securities and Exchange Commission (SEC) issued a <a href="https://twitter.com/SECGov/status/1714020932509982771" rel="noopener noreferrer nofollow">tweet</a> cautioning the public to rely solely on the SEC for accurate information about the agency. Adding that the best source of information about the SEC is the regulator itself, the tweet read, &#34;Careful what you read on the internet.&#34;.Cryptocurrency attorney John E Deaton swiftly responded to the SEC&#39;s statement with a series of tweets:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d5a6dea50d32403ca7c074fc8d936a1b.png" />Deaton expressed his disagreement, stating that the SEC is not the best source for information about itself due to its &#34;confirmation bias and self-serving statements.&#34; He argued that independent judges serve as a more reliable source of oversight and can offer an unbiased view of the SEC. The attorney cited,Read full article at <a href="https://cryptotale.org/appellate-court-rulings-support-xrp-lawyers-critique-of-sec/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Appellate Court Rulings Support XRP Lawyer's Critique of SEC

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