Once they know they can’t beat it, they will try gettin a piece of the cake

In a detailed series of posts, John E. Deaton, a lawyer and the founder of Crypto Law, discussed the ongoing issues of bias within the U.S. Securities and Exchange Commission (SEC) team.

Deaton's thoughts were sparked by a tweet that pointed out the questionable nature of former SEC chairman Jay Clayton's actions. Clayton initiated the XRP lawsuit just before leaving his post, and afterward, he joined a hedge fund that had recently profited $1 billion from competing tokens.

Deaton commended SEC officials like retired attorney Marc Fagel, who specialized in SEC enforcement and securities litigation. Fagel reportedly managed to avoid potential conflicts of interest by not holding individual stocks, cryptocurrencies, or commodities. Deaton mentioned that many other SEC staff members followed a similar approach.

These observations prompt consideration of directors, commissioners, and chairmen within the organization.

Along with the bigger players like Blackrock or their “partners” like Vanguard and State Street they continue to put their money on crypto while also possibly making indirect profits from fighting it as well with their huge influence.

First they ignore, Then they laugh, Then they fight you, In the end they will want a piece.