John E Deaton pointed to financial losses due to the SEC

Lawyer John E Deaton pointed to financial losses due to the SEC.

Lawyer John E Deaton on twitter pointed to financial losses due to the SEC. He commented on the remark that 7bn has been lost to the SEC’s fraud in failing to approve a spot ETF at the expense of Grayscale investors:

And $15B was lost because the SEC intentionally chose not limit the allegations against Ripple to specific sales made by Ripple and its executives but instead alleged all XRP including secondary market sales of XRP are unregistered securities.

Previously Stuart Alderoty said the SEC’s actions are forcing consumers to hold the bag. Also PHP port of XRPL-Orderbook-Reader has been released.