SEC Protects Big Capital, Not Investors, Claims Prominent Crypto Lawyer John Danton

Renowned legal expert specializing in the cryptocurrency market, John Danton, has made a bold statement asserting that the actions of the regulatory body are geared towards safeguarding traditional businesses like Ripple and Coinbase, rather than prioritizing investor protection.

The regulatory agency's maneuvers within the crypto space have raised serious doubts about the fairness of government representatives, sparking concerns about the future of the crypto market. Danton believes that if the SEC redirected the energy currently devoted to scrutinizing crypto exchanges and debating the classification of assets into practical efforts to combat existing crypto scams, the industry would experience a new surge of growth.

Moreover, Danton expresses bewilderment at SEC Chairman Gary Gensler's apparent lack of attempts to personally meet with the leadership of the crypto exchanges accused by the agency. At the same time, Gensler has had several meetings with the former director of FTX, a company that went bankrupt last year.

 

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