Pro-XRP Lawyer Deaton Says ‘War Against Crypto Not Dead’, Here’s Why
John Deaton, the founder of Crypto Law, visited his social media and warned that the struggle with cryptocurrencies was far from complete.
Deaton said that SEC’s case against Ripple Not only for the company’s goal-also claims that XRP itself is a kind of security, ignoring the 75-year legal precedent. DEATON represents more than 75,000 XRP holders between Ripple and SEC. Many people in the cryptocurrency world hope that this is a disposable issue, but when a similar lawsuit is filed for platforms such as Coinbase and Kraken, it is obvious that this problem is greater than Ripple.
Then there is “Chokepoint 2.0”, which is promoted by the regulatory agency to knock down the cryptocurrency, and CAITLIN Long and Custodia Bank (Custodia Bank) and Federal Reserve and other characters. fighting. Although it may end some of the battles from SEC Gary Gensler recently, Deaton warns that many battles are still in progress.
One of the biggest concerns now is a legal case for Roman storms, tornado cash developers and two developers of Samomle wallets. These cases involve Article 1960 of the American Code, which involves an unlicensed currency transmission enterprise. The encrypted community has long believed that developers who do not directly control user funds are not currency transmitters, but the Ministry of Justice (Doj) disagree.
“I hope to help improve how important people are in these cases. If you find that the Roman storm is guilty and lost his freedom of the day, please imagine that it will have a creepy impact on the DEFI industry,” he wrote.
Despite questions such as on -site ETFs and whether certain token are securities, the real danger of cryptocurrencies comes from these legal cases against Defi. The future struggle for cryptocurrencies is far from over, and Deaton urges the community to maintain vigilance.
