John Deaton, a prominent Ripple supporter and founder of Crypto-Law.US, criticized the regulatory environment provided by the US Securities and Exchange Commission (SEC) for crypto companies in a recent Twitter exchange. The XRP community, along with Attorney Bill Morgan and Deaton, expressed concerns about the delay in Judge Torres' ruling, according to CoinGape.
Deaton agreed that big token holders should be required to disclose their identities and the percentage of token supply they control, and highlighted Ripple Labs' transparency measures. The ongoing legal proceedings between Ripple and the SEC have been affected by the SEC's use of Ripple's transparency against them, and the role of Ethereum in the lawsuit has been discussed due to the SEC's potential classification of it as a security.
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