John Deaton, well-known in the crypto community, recently highlighted the negative impact of the SEC’s 2020 lawsuit against Ripple on XRP's market standing. This legal action was termed overreaching by Deaton, who has been a staunch defender of both Ripple and XRP.
Bill Morgan praised Deaton's integrity, acknowledging his continuous advocacy despite the challenging circumstances. Deaton has been instrumental in articulating and challenging the SEC's stance, putting a spotlight on what many see as excessive regulatory reach.
This situation underscores ongoing debates within the crypto sector about the SEC's influence and regulatory measures.
