John E. Deaton, a candidate for the U.S. Senate in Massachusetts, has strongly criticized the SEC's recent decision to appeal a District Court ruling in the Ripple case involving XRP.
Deaton, a prominent legal advocate for XRP holders, highlighted his extensive pro bono work and personal financial commitment—spending hundreds of hours and over $75,000 of his funds—fighting what he describes as "gross overreach" by the SEC on behalf of 75,000 XRP token holders.
Deaton explained that his primary request to the SEC was straightforward: to ensure that for XRP specifically, it is not a security.
He stated that this should not have been a difficult decision, citing the Telegram case, where Castel ruled that the Gram token is identical to the alphanumeric code found in Bitcoin.
The post "U.S. Senate Candidate John E. Deaton Criticizes SEC's Appeal in Ripple Case" first appeared on 36crypto.com News.
