According to Odaily, crypto lawyer John E Deaton has criticized Senator Elizabeth Warren for her lack of respect and support for the rule of law in the United States. Deaton expressed his concerns on the X platform, stating that Warren supports federal agencies unconstitutionally expanding their jurisdiction without congressional authorization.
Recently, the Columbia District Court of Appeals, which oversees the Securities and Exchange Commission (SEC), ruled that the SEC's refusal to approve Bitcoin spot Exchange-Traded Funds (ETFs) was arbitrary and capricious. This ruling effectively forced the SEC to approve spot ETFs, which Deaton emphasized is a matter of national law.
However, following the ruling, Warren encouraged Gary Gensler, the head of the SEC, to ignore the court's decision and refuse to approve spot ETFs. Deaton described this as a disrespectful act towards the rule of law. Furthermore, he criticized Warren for continuing to push the SEC to take action beyond its jurisdiction without congressional authorization.
In conclusion, Deaton called on Congress to do its job properly. He suggested that instead of engaging in blame politics, divisive politics, and the game of shirking responsibility, perhaps Congress members could do their job and enact specific legislation, rather than encouraging agencies to overstep their authority.
Deaton ended his statement with a pointed remark towards Warren, noting that she had only passed one bill as a primary sponsor in 12 years, implying that legislating might not be her strong suit.
