SEC's Intervention in Cryptocurrency Industry Causes $15 Billion Losses for Retail Investors

According to BlockBeats, on September 14, lawyer and Republican U.S. Senate candidate John Deaton stated that the U.S. Securities and Exchange Commission's (SEC) excessive intervention in the cryptocurrency industry has resulted in retail investors losing over $15 billion. Deaton made this statement two weeks after winning the U.S. Senate nomination in the Massachusetts primary. He is set to face Democratic Senator Elizabeth Warren in the November elections.