News View Non-AMP

Pro-Ripple Lawyer Believe SEC’s Crypto Crackdown May Be Unsuccessful

Published by
Qadir AK

The U.S. Securities and Exchange Commission’s (SEC) recent regulatory crackdown on the crypto industry has sparked concerns about its potential impact on innovation and development in the United States. The SEC has taken a hardline stance on enforcing regulations against cryptocurrency exchanges and platforms, leading to fears that many businesses in the industry will be forced to shut down or move to more favorable jurisdictions.

Pro-Ripple Lawyer Predicts the SEC Will Lose in Court

However, pro-Ripple lawyer john e deaton believes that the SEC’s efforts to regulate the crypto industry will ultimately be unsuccessful. Deaton points to several recent cases where the SEC’s arguments were found to be lacking, including the Ripple lawsuit, the LBRY lawsuit, and the grayscale Investment   case. In these cases, judges have criticized the SEC’s lack of clarity and faithful allegiance to the law.

Deaton sees the courts as the great equalizer in these cases and believes that the SEC will be unable to successfully enforce its regulations against the crypto industry. While the SEC’s recent charges against Bittrex for operating an unregistered national securities exchange may seem like a significant blow to the industry, Deaton’s predictions suggest that the outcome of this case may not be as clear-cut as it initially appears.

Also Read: Breaking: Bittrex Crypto Exchange and Ex-CEO Hit with US SEC Lawsuit Over Accusations of Federal Law Breaches

The Future of Crypto Regulation in the United States

The ongoing regulatory crackdown against the crypto industry raises questions about the future of cryptocurrency regulation in the United States. While some argue that increased regulation is necessary to prevent fraud and protect consumers, others worry that overly strict regulations will stifle innovation and drive businesses to other jurisdictions.

As the legal battle between the SEC and the crypto industry continues, it remains to be seen how the courts will ultimately rule. In the meantime, businesses in the industry must navigate a rapidly changing regulatory landscape and be prepared to adapt to new regulations as they are introduced.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Pi Network Pushes Global Utility Despite Bearish Price Trend: Is $0.55 Next?

Pi Coin is under pressure, currently trading just below $0.60 after dropping over 4% in…

April 29, 2025

Crypto News Today: Mastercard Launches All-in-One Solution for Stablecoin Payments

Mastercard is bringing stablecoins to the mainstream, making it easy to use them for payments…

April 29, 2025

North Carolina Moves Closer to Bitcoin Adoption

North Carolina’s Bitcoin Reserve bill, HB 92, has cleared the Committee on Rules, Calendar, and…

April 29, 2025

UAE Launches Dirham-Backed Stablecoin Under New Dubai Crypto Regulation Push

Abu Dhabi is moving closer to becoming a global fintech leader. Three major UAE organizations,…

April 29, 2025

BlackRock Bitcoin ETF Inflow Explodes to Nearly $1 Billion in a Day

BlackRock’s iShares Bitcoin Trust (IBIT) just posted one of its biggest days since launch, pulling…

April 29, 2025

Altcoin Season 2025 Has Arrived, Santiment Data Shows

Traders are convinced the altseason is either here or just about to explode. After Bitcoin's…

April 29, 2025