John Deaton, a pro-Ripple lawyer, believes that the United States Securities and Exchange Commission (SEC) used Ripple’s commitment to transparency to target the company and its CEO. Deaton agrees with the idea of large token holders having to identify themselves and disclose their percentage of ownership. He criticized the SEC for undermining Ripple’s efforts to uphold transparency despite implementing a cryptographic escrow and publishing detailed quarterly reports.
AI Sentiment: Neutral
