John Deaton

Deaton has also delved into cryptocurrencies.

He said he was drawn to the technology by remembering how his mother relied on what he described as “predatory inner-city check cashing operations” and was intrigued by cryptocurrency’s ability to help the underprivileged and unbanked.

John Deaton, a well-known crypto lawyer, said that regulatory actions against the crypto industry point to a significant government overreach and intrusion into the private sector.