Legal expert John E. Deaton criticizes the U.S. Securities and Exchange Commission (SEC) for charging Ripple CEO Brad Garlinghouse, arguing that the case could have been avoided if former officials William Hinman and Jay Clayton were allowed to testify on XRP’s non-security status. Deaton believes their testimonies could have clarified the regulatory cloud hanging over XRP and potentially boosted its adoption. The article emphasizes that the Ripple vs. SEC case could have significant implications for the entire crypto market in the United States.
AI Sentiment: Negative
