The pro-XRP Attorney and crypto lawyer John Deaton has told SEC Chair Gary Gensler to retreat his regulatory actions. The attorney demands that the commission stop protecting Americans by lashing on crypto companies. The United States has increased the tension in its crypto industry through unclear regulatory measures. Crypto regulators like the Securities and Exchange Commission (SEC) also affect crypto firms with multiple enforcement actions. Related Reading: Bitcoin To Drop Further? Whales Show Signs Of Dumping Stop Protecting American Public While Harming Crypto Firms, John Deaton In a statement via Twitter in response to Gensler’s post appreciating SEC’s staff for upholding the commission’s mission, Attorney Deaton asked SEC boss Gensler to stop protecting the American public. On behalf of the American public we ask you to please stop protecting us. — John E Deaton (@JohnEDeaton1) May 8, 2023 The SEC has enacted enforcement actions against several crypto entities through its forceful regulatory measures. Some include the Ripple (XRP) blockchain, Paxos (Issuer of BUSD stablecoin), Bittrex, Coinbase, and others. In December 2020, the SEC sued Ripple Labs and some of ..
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