Attorney Deaton joins other investors to allege that the SEC sued Binance and Coinbase so that Wall Street could catch up with crypto. Cryptocurrency enthusiasts have continued to allege that the SEC’s widespread crackdown against crypto businesses was to pave the way for United States-based financial firms. Interestingly, CryptoLaw founder attorney John Deaton also shares […] The post Pro-XRP Lawyer Agrees SEC Sued Binance and Coinbase to Allow Wall Street to Catch Up first appeared on The Crypto Basic.

Pro-XRP Lawyer Agrees SEC Sued Binance and Coinbase to Allow Wall Street to Catch Up

Attorney Deaton joins other investors to allege that the SEC sued Binance and Coinbase so that Wall Street could catch up with crypto.

Cryptocurrency enthusiasts have continued to allege that the SEC’s widespread crackdown against crypto businesses was to pave the way for United States-based financial firms.

Interestingly, CryptoLaw founder attorney John Deaton also shares this sentiment. Attorney Deaton agreed with Bitcoin proponent Preston Pysh’s tweet, alleging that SEC’s lawsuit against Coinbase and Binance was part of an effort to allow Wall Street firms to catch up with crypto.

Pysh pointed out that large United States financial institutions like BlackRock, Citadel Securities, and Fidelity Digital Assets are all applying for Bitcoin ETFs and spot exchanges a few days after the SEC sued Binance and Coinbase.

Consequently, Pysh noted that this past year had been a massive inside job between Wall Street parasites and government regulators to allow these financial institutions to catch up.

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