Cryptocurrency lawyer: The excessive intervention of the U.S. SEC in the cryptocurrency industry has led to retail investors losing over $15 billion

ChainCatcher news, lawyer and Republican U.S. Senate candidate John Deaton stated that the SEC's excessive intervention in the cryptocurrency industry has led to retail investors losing over $15 billion.

It is reported that two weeks before Deaton made the above statement, the XRP-supporting lawyer won the U.S. Senate nomination in the Massachusetts primary and will face off against Democratic Senator Elizabeth Warren in November.