Pro-XRP Lawyer Says Don’t Trust The SEC Following Spot Bitcoin ETF Fake News
The post Pro-XRP Lawyer Says Don’t Trust The SEC Following Spot Bitcoin ETF Fake News appeared on BitcoinEthereumNews.com. Pro-XRP legal expert John Deaton has come for the US Securities and Exchange Commission (SEC) following its comment relating to the false Spot Bitcoin ETF approval post that was made by the media outlet Cointelegraph. Deaton Questions SEC’s Credibility In a post shared on his X (formerly Twitter) platform, Deaton stated that he disagrees with the SEC’s latest statement as the “best source of information about the SEC is not the SEC.” According to him, the Commission’s “confirmation bias and self-serving statements” already disqualified it in this regard. Here’s a surprise: I disagree with the @SECGov’s latest statement. The best source of information about the SEC is NOT the SEC. Confirmation bias and self-serving statements by the SEC disqualify it. Likewise, pissed off investors are too close to be objective. Therefore, we… https://t.co/8SPEI43ORM — John E Deaton (@JohnEDeaton1) October 16, 2023 The lawyer was reacting to the Commission’s X post, where it warned the general public to be careful about what they read on the internet (likely in relation to the Cointelegraph post) and stated that “the best source of information about the SEC is the SEC.” Deaton also seemed to suggest that the Commission could not be objective in making its decisions (possibly about the ETH Gate and the SEC’s conflict of interest), and that was why the crypto community looked to the judges who are independent and can check the excesses of the SEC, to help shape their view of the Commission. BTC price resumes upward climb following fake approval debacle | Source: BTCUSD on Tradingview.com SEC’s Arbitral And Capricious Nature Toward Spot Bitcoin ETFs Deaton wasn’t done yet as he further went on to refer to Grayscale’s victory against the SEC, where the court noted that the Commission had acted arbitrarily and capriciously when it denied Grayscale’s…
The post Pro-XRP Lawyer Says Don’t Trust The SEC Following Spot Bitcoin ETF Fake News appeared on BitcoinEthereumNews.com.
Pro-XRP legal expert John Deaton has come for the US Securities and Exchange Commission (SEC) following its comment relating to the false Spot Bitcoin ETF approval post that was made by the media outlet Cointelegraph. Deaton Questions SEC’s Credibility In a post shared on his X (formerly Twitter) platform, Deaton stated that he disagrees with the SEC’s latest statement as the “best source of information about the SEC is not the SEC.” According to him, the Commission’s “confirmation bias and self-serving statements” already disqualified it in this regard. Here’s a surprise: I disagree with the @SECGov’s latest statement. The best source of information about the SEC is NOT the SEC. Confirmation bias and self-serving statements by the SEC disqualify it. Likewise, pissed off investors are too close to be objective. Therefore, we… https://t.co/8SPEI43ORM — John E Deaton (@JohnEDeaton1) October 16, 2023 The lawyer was reacting to the Commission’s X post, where it warned the general public to be careful about what they read on the internet (likely in relation to the Cointelegraph post) and stated that “the best source of information about the SEC is the SEC.” Deaton also seemed to suggest that the Commission could not be objective in making its decisions (possibly about the ETH Gate and the SEC’s conflict of interest), and that was why the crypto community looked to the judges who are independent and can check the excesses of the SEC, to help shape their view of the Commission. BTC price resumes upward climb following fake approval debacle | Source: BTCUSD on Tradingview.com SEC’s Arbitral And Capricious Nature Toward Spot Bitcoin ETFs Deaton wasn’t done yet as he further went on to refer to Grayscale’s victory against the SEC, where the court noted that the Commission had acted arbitrarily and capriciously when it denied Grayscale’s…
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