🚨SCOOP: Massachusetts Senate candidate @DeatonforSenate/@JohnEDeaton1 is putting his #crypto law hat back on and will file an amicus brief in support of @Coinbase’s motion for interlocutory appeal later today. In the brief, Deaton highlights the urgent need for legal clarity surrounding digital assets by highlighting the @SECGov’s inconsistent approach to regulation and the detrimental impact it’s having on industry participants. To make this point, Deaton cites legal cases like @Ripple, @LBRYcom and @telegram as well as prior @SECGov statements on crypto and letters from various regulators and lawmakers expressing concern over the regulator’s actions. Deaton blasts the SEC's lack of consistency including its shifting position on whether crypto tokens themselves are securities, and its “ecosystem is the security” argument. “Bitcoin is certainly distinguishable from other cryptocurrencies but claiming it’s not a security unlike other tokens because it doesn’t have an ecosystem, is just plain dumb,” he says.
@EleanorTerrett @DeatonforSenate @JohnEDeaton1 @coinbase Thank you all for fighting🙏
@EleanorTerrett @DeatonforSenate @JohnEDeaton1 @coinbase Get themmmmmmm.
@EleanorTerrett @DeatonforSenate @JohnEDeaton1 @coinbase @JohnEDeaton1 - "This election isn't about crypto, It is about FREEDOM." Great segment.
@EleanorTerrett @DeatonforSenate @JohnEDeaton1 @coinbase He should file one for the @Consensys law suit.
@EleanorTerrett @DeatonforSenate @JohnEDeaton1 @coinbase It s all a show, anything prior to proof of stake will be swept under the rug!
@EleanorTerrett @DeatonforSenate @JohnEDeaton1 @coinbase Tell Charles to have a few Steaks prepared for Deaton 😂
@EleanorTerrett @DeatonforSenate @JohnEDeaton1 @coinbase Deaton for the People!
@EleanorTerrett @DeatonforSenate @JohnEDeaton1 @coinbase Fighting for the people
@EleanorTerrett @DeatonforSenate @JohnEDeaton1 @coinbase Hester Pierce for chair!!