XRP Support Lawyers Denounce Former SEC Chairman Jay Clayton for Lack of Crypto Regulatory Clarity
Cryptocurrency lawyer John Deaton is looking into the former Chairman of the US Securities and Exchange Commission (SEC) for the lack of regulatory clarity in the digital asset industry.
John Deaton is calling Jay Clayton after the former SEC Chairman wrote an article in the Wall Street Journal about crypto regulation.
In Clayton's article, he argued that the US should work to establish regulatory clarity in the crypto space and beat China in the race to modernize financial infrastructure. global mainstream.
However, Deaton said that Clayton did the exact opposite when he had the power to chair the SEC.
“Dear Jay Clayton,
You are the Chairman and Elad Roisman and Hester Peirce are crypto-friendly compared to others (including you). Instead of fostering innovation, you fostered an environment of regulatory uncertainty.
Now, you are looking for work to act as an advisor helping companies navigate uncertainty. It sounds like you're benefiting from the lack of clarity you've created.
For your op-ed, & 'Regs Cryptocurrency Special Challenges', I guess you didn't meet the challenge. ”
Deaton also said Clayton tried to perpetuate regulatory confusion, specifically affecting XRP, which the SEC targeted in a lawsuit in December 2020.
Deaton said ,
“Jay Clayton deliberately chose to NOT implement the era of regulatory clarity. "
Aug 28, 2022