John E. Deaton, the XRP pro-lawyer, hits hard at the Microstrategy founder for agreeing with the United States SEC chairman that all crypto assets other than bitcoin (BTC) are securities.

The lead SEC officer Gary Gensler who has been all-out to achieve crypto regulation through enforcement recently asserted that only Bitcoin, the top-ranked cryptocurrency isn’t regarded as a security.

Notably, he made these claims in a February 23 New York Magazine interview, where the agency’s case against collapsed FTX founder Sam Bankman-Fried was also being discussed. According to him, “everything other than bitcoin” is a potential target as their offerings violate securities law.

As expected, there have been different reactions to these comments from Gensler. While the broader crypto community countered the SEC chairman’s views on alternative coins, Michael Saylor, a BTC maximalist and the founder of Microstrategy — the largest known institutional BTC investor — concurred.