John Deaton, a pro-crypto attorney and Republican US Senate candidate, has vehemently criticized the Securities and Exchange Commission (SEC) for what he describes as excessive intervention in the cryptocurrency market, resulting in significant financial losses for retail investors. Deaton claims that the SEC’s aggressive regulatory actions have caused a staggering loss of over $15 billion for investors. “The SEC’s misconduct and gross overreach caused small investors over $15 billion. On behalf of those 75K small investors I represented, we do not accept the SEC’s apology,” Deaton asserted in a recent post on X. Deaton’s critique extends to the lack of
