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Pro-crypto lawyer John Deaton has filed to appear as counsel in the SEC's case against Coinbase. This legal development follows a turbulent period within the SEC, highlighted by the resignation of several lawyers who criticized the agency's leadership under Gary Gensler and Director of Enforcement Gurbir Grewal. The resignations were reportedly prompted by threats of termination and concerns over the agency's aggressive legal strategies and leadership failures, particularly in handling matters related to cryptocurrency regulations and ETF issuances.
When @GurbirGrewalNJ resignation? He’s the SEC director of enforcement and it happened on his watch. When @GaryGensler resignation? He’s the “cop on the beat” and it happened under his leadership. https://t.co/AxML15wkaR
I am one of the SEC lawyers that resigned today. I joined in 2023 and was in charge of leading the SEC meetings with ETH ETF issuers. My job was to stick my fingers in my ears and scream loudly every time they asked us how to make their application compliant.
The SEC lawyers should resign as they are not able to actually uphold the law as there is no law! https://t.co/wwQsrHwHQN
