Crypto lawyer John Deaton claims that the U.S. Securities and Exchange Commission (SEC) is trying to ban Bitcoin. Deaton, who is heavily involved in the Ripple vs. SEC case, believes that once Ripple (XRP) wins, it will become the only cryptocurrency with full regulatory clarity and more clarity than Bitcoin.
He also stated that the crypto community is “at war with Warren,” referring to Senator Elizabeth Warren, who is a vocal critic of the cryptocurrency industry and has advocated for tighter regulations. Deaton argues that validating transactions on decentralized ledgers is challenging, especially regarding anti-money laundering policies, and the SEC might differentiate between cryptocurrencies like XRP and Cardano.
If Deaton’s predictions are accurate, the legal victory of XRP could significantly change the competitive dynamics in the crypto world.
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<p>The post Crypto Lawyer John Deaton Claims SEC Attempts to Ban Bitcoin, Predicts Ripple (XRP) Gaining Full Regulatory Clarity first appeared on CoinBuzzFeed.</p>
