Deaton's criticism comes as the SEC faces increased scrutiny for its regulatory stance on cryptocurrencies
John Deaton, a pro-crypto attorney and U.S. Senate candidate, has accused the SEC of causing over $15 billion in losses to small investors. This controversy emerges amidst an evolving regulatory landscape and legal challenges.
The Biden Administration has backed several crypto-unfriendly actions, largely driven by Senator Elizabeth Warren
The Winklevoss twins have strongly opposed a proposed rule by the CFTC that could ban prediction markets like Polymarket