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Deaton Slams SEC Claim That XRP Represents Common Enterprise


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Attorney Deaton highlights SEC’s shifting stance on the common enterprise argument in the Ripple case.

Attorney John, a prominent lawyer advocating for favorable crypto regulations, has slammed the United States Securities and Exchange Commission’s (SEC) shifting stance on its common enterprise argument in the SEC vs. Ripple case.

For context, the common enterprise is one of the prongs of the Howey test, which aids the SEC in determining whether a transaction constitutes a security.

In a Twitter thread yesterday, attorney Deaton, founder of CryptoLaw, described the SEC’s contradictory position on the common enterprise argument as the “schizophrenic defense.”

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The SEC and friends are pushing a BS narrative, so as to suit a politically motivated agenda, but it's good to see that not all politicians are on the same side as GG and friends. GG's unlawful actions in this space, have to be challenged in the courts. He and his friends anti crypto army, can not be allowed to win. America is not an economic island and the rest of the world is moving on, with or without them onboard, when it comes to crypto.


Edited by HAL1000
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