XRP News: XRP Lawyer John Deaton launched a campaign ‘Connect to Congress’ over the U.S. Securities and Exchange Commission’s (SEC) overreach in the crypto market. Connect to Congress is a tool that helps identify users’ respective US Representative and US Senators. This is to further help them share a perspective on crypto regulation and concerns with the lawmakers. Essentially, the tool matches the crypto enthusiast with their elected officials and allows them to send a message directly to their offices.
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SEC Is Out of Control
The pre-compiled message will carry a subject line “SEC Is Out of Control,” over the agency’s actions pertaining to digital asset holders. The lengthy message begins with describing the SEC’s actions as an all-out war on crypto. The message calls out the commonly heard view from the crypto community on lack of clarity on regulation. It says the SEC refuses to state what the rules are for companies to follow.
“The SEC never raised an objection for years, but now is dragging companies into court and demanding billions of dollars in fines. That is not regulation. It is extortion. It is a violation of fair notice and due process.”
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The post XRP Lawyer Launches ‘Connect to Congress’ Over SEC Crypto Overreach appeared first on CoinGape.
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