The post John Deaton Emphasizes Need For Modernised Regulatory Framework, Criticizes SEC Over Outdated Laws appeared first on Coinpedia Fintech News
In a latest X post, the pro-XRP lawyer, John Deaton has expressed concerns over the outdated regulatory framework applied by the US SEC in response to Michael Saylor’s interview. He shared that the SEC should be focused on ‘fraud, pump and dump schemes and the bad guys.’
The Need For Modernised Regulatory Framework
He pointed out that we are essentially applying 1933 disclosure laws in 2024 to modern-day technologies like AI, Robotics, Automation, and Blockchain and that the existing disclosure laws were meant to reduce the asymmetries between those offering investments and those acquiring investments. He stressed that this was during a time when technologies like the internet did not exist. He asserted that the SEC should focus on clear and straightforward principles to guide the industry.
“People like Gary Gensler
We współpracy z: https://coinpedia.org/news/john-deaton-emphasizes-the-need-for-modernised-regulatory-framework-criticizes-sec-for-applying-outdated-laws/
