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John Deaton of Crypto-Law.us, the SEC and Agency Capture


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The main event for this episode is our guest, John Deaton, founder of Deaton Law Firm and Crypto-Law.us. Norm has John on talk about a letter that John wrote to a Senator just recently detailing the alleged  Securities and Exchange Commission's unfair and abusive treatment of Ripple and holders of XRP.

The key question, as we have addressed before, is whether digital assets like Etherium and XRP are considered securities for purposes of investment and regulation. John details how absurd the treatment of XRP is—could every holder of XRP in the world today be guilty of transacting unlawfully in unregistered securities?

This is a serious question, given the SEC's public position against Ripple, its founders, and the token XRP itself. Are crypto/digital assets better regarded as commodities or securities?

Norm and John discuss the concept of agency capture and what it means the in context of the SEC, its commissioners, former commissioners, and the entities for whom the SEC apparently has acted almost exclusively to protect.

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