๐จ SECโs Case Against Ripple is an attack on Financial Freedom: John E. Deaton๐จ
๐ Government Intrusion Alert! ๐ Renowned crypto lawyer, John E. Deaton, slams what he sees as an increasing invasion into the private lives of Americans by federal agencies. In a passionate post on X (formerly Twitter), he points out the unconstitutional expansion of authority, leaving Congress's responsibilities in the dust.
๐ผ SEC's Ripple Case Exposed! ๐ผ Deaton shines a spotlight on the SEC's overreach, particularly in the notorious case against Ripple and its executives. Despite dropping charges against Ripple's leaders, the agency's attempt to classify all XRP as securities raises eyebrows.
According to Deaton, this is nothing short of an attack on financial freedom, where the government aims to exclude 90% of the population from upward mobility.
๐ Warriors for Financial Freedom! ๐ Deaton commends the leaders of embattled companies like Ripple, Coinbase, and Custodia Bank, who are standing up against what he perceives as out-of-control regulators. These leaders, he argues, are fighting for every American's right to own legal assets and achieve financial freedom. Deaton promises to delve into the importance of their lawsuits and extend his support.
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