'Every time I start thinking the SEC can't possibly do more to fail as an institution, it proves me naive,' Deaton said.
“Every time I start thinking the SEC can’t possibly do more to fail as an institution, it proves me naive,” Deaton said.
John E. Deaton – a US attorney who represents thousands of XRP investors in the lawsuit between Ripple and the SEC – criticized the agency for one of its latest moves. Specifically, the regulator opposed a reorganization plan presented by Coinbase, according to which customers of the now-bankrupt crypto lender Celsius Network could be reimbursed for their losses.The leading cryptocurrency exchange Coinbase recently
intentions to engage with the former crypto giant Celsius Network, aiming to distribute digital assets back to the latter’s users. However, the SEC raised concerns about a restructuring plan that will see the marketplace providing brokerage services.a lawsuit against Coinbase in June, accusing it of violating several laws and offering trading services with alleged unregistered securities, such as SOL, MATIC, ADA, and others.
John Deaton was among the people left baffled by the SEC’s decision to halt the collaboration between Coinbase and Celsius Network. He went further, maintaining that the regulator has become the “single greatest consistent threat to retail investors.”
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
We Asked ChatGPT: Will Ripple (XRP) Win the Case Against the SEC?Will Ripple win against the SEC? Let's see what ChatGPT has to say about it.
Read more »
XRP Sees Explosive 700% Surge in Fund Inflows, While Ripple Payments Gains TractionXRP fund flows jumped sevenfold in just one week as Ripple's ODL service seems to gain significant momentum
Read more »
Max Keiser Calls Ripple (XRP) Centralized Fiat-Shitcoin: CTO Retaliates'XRP empowers anyone who want to use the ledger to track the ownership and exchange of assets,' David Schwartz said.
Read more »
Major Announcement for Ripple (XRP) Holders Who Are HSBC UsersHSBC clients can now pay mortgage bills and loans in XRP, SHIB, and DOGE.
Read more »
Ripple’s David Schwartz Defends XRP Against Claims of Elite EnrichmentRipple CTO David Schwartz has directly addressed and refuted contentious claims surrounding the nature of XRP
Read more »
Bitcoin (BTC) Dumps to 12-Day Low, Ripple (XRP) Slips Below $0.5 (Market Watch)Aptos (APT) is the only notable exception with a massive price surge today.
Read more »