Saylor Claims Everything But BTC Is Security; Deaton Reacts
- Founder of Crypto Law disagrees with MicroStrategy Founder about everything other than BTC being a security.
- Deaton drives his point home by stating there certainly isn’t a consensus with the legal community.
- The lawyer also says that Saylor’s a brilliant guy and he knows what he’s saying is not true.
Founder of Crypto Law John E Deaton takes to Twitter to challenge Founder of MicroStrategy Michael Saylor on his opinion. Saylor states that there is a general consensus in the crypto industry that everything other than Bitcoin is a security.
Not true. Outside of @GaryGensler’s
— John E Deaton (@JohnEDeaton1) February 27, 2023and #BTC Maxis, there’s no consensus everything other than #Bitcoin is a security. There certainly isn’t a consensus w/in the legal community. Software code is NOT a security. It, like any other asset, can be offered and sold as a security. https://t.co/MokmwLr7Ok
In the tweet, Deaton explicitly expresses his opposing views about the recent actions taken by the Securities Exchange Commission (SEC) and SEC Chairperson Gary Gensler regarding regulations in the crypto world. Deaton opines:
Not true. Outside of Gary Gensle…
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