Warren Rival for Senate Race John Deaton Argues for Coinbase in SEC Challenge
Summary
John Deaton, a lawyer and Republican Senate candidate, filed a friend-of-the-court brief in Coinbase's case against the SEC, supporting Coinbase's argument on digital token classification. He criticized the SEC's use of the Howey test to define tokens as securities, calling it unconstitutional. Deaton previously involved himself in Ripple Labs' case. He is running for Senate but faces tough competition and low polling numbers against Sen. Elizabeth Warren. Deaton is set to speak at Consensus 2024.
