John E Deaton, the blockchain enthusiast, lawyer, and CryptoLaw founder, tweeted recently, criticizing the US Securities and Exchange Commission’s (SEC) gross abuse of the discretion standard, based mainly on the commission’s allegation against the crypto exchange, Ripple Labs, for illegally selling over $1.3 billion in XRP.
He commented that the “subpoena power” to get the personal emails of the former SEC officials would help one to know more about the commission’s Executive Branch.
Earlier today, Deaton tweeted that the allegations that the SEC asserts are within the “discretionary functions of the Executive Branch.”
Source: Cryptocurrency - investing.com
