Pro-XRP lawyer claims SEC prioritizes corporate capitalism over investors

Pro-XRP lawyer, John E. Deaton, has said that the actions taken by the Securities and Exchange Commission against the crypto industry are driven by a broader motive to safeguard corporate capitalism rather than prioritizing the protection of investors.what he views as an assault on cryptocurrencies, particularly in relation to the SEC's actions targeting Coinbase and Ripple.

On X, Deaton expresses his conviction that the United States operates within a framework of corporate capitalism rather than a genuine capitalist system. To bolster his argument, he highlights various facets of the present financial landscape. For years I’ve said we don’t exist in a true capitalist system. We have corporate capitalism in the U.S. Look at the accredited investor rules and how they discriminate against the working class. Look at the attack on Crypto and the attack on Coinbase which allows non-accredited…

JohnEDeaton1 In his remarks, he touched on several aspects, such as the accredited investor rules, the SECGov's approach to regulating cryptocurrencies and its position concerning retail investors in the Ripple case.

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