Attorney Deaton slams the U.S. SEC for engaging in an unconstitutional expansion of the Howey test, adding that it violates the law. Pro-XRP lawyer John Deaton supports Coinbase Chief Legal Officer Paul Grewal for saying the SEC is violating the law. In a tweet yesterday, Grewal said the SEC’s interpretation of investment contracts violates the The post Deaton Says SEC Engages In Unconstitutional Expansion of Howey Test first appeared on The Crypto Basic .