Claim BonusUS SEC Staff Oppose Gary Gensler Crypto Outlook; Good Sign For XRP Lawsuit?
XRP Lawsuit News: U.S. Securities and Exchange Commission (SEC) chair, Gary Gensler is receiving heavy backlash over its probes launched against the crypto firm lately. However, Attorney John Deaton, who is presenting XRP holders’ in the US SEC vs Ripple lawsuit made some huge claims against Gensler’s active litigation.
XRP Lawyer’s Big Claims Against SEC
Eleanor Terrett, Journalist at Fox Business, reported US SEC’s latest statement about its digital asset enforcement cases. It stated that the agency is actively raising litigations that involve the applications of securities laws to digital assets.
It added that its enforcement division has proven to be successful so far and the commission is looking forward to the pending court decisions around the crypto assets.
To this John Deaton, Amicus Curiae in the XRP lawsuit claimed that he is been in talks with a couple of crypto firms that are facing active litigation with the US SEC. However, the commission’s staff lawyers do not want to litigate all of these lawsuits. Read More XRP Lawsuit News Here…
He further claims that many of the staff lawyers disagree with Gary Gensler’s outlook toward the crypto industry. They believe that the resources are limited and extended in a way.
Coingape reported that the US SEC Chair went on to claim that all other crypto assets other than Bitcoin (BTC) are a “Security”.
Ripple Lawyer Goes After Gensler
However, Ripple’s Chief Lawyer commented on this statement. He stated that Gensler again proclaimed that every other crypto asset except Bitcoin is seen as an unregulated security. US SEC Chair should now recuse himself from forming any decision on any enforcement case that revolves around security laws.
XRP holders’ lawyer went to rejected narrative built by the US SEC Chair and rejoiced by the Bitcoin maximalists.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Jane Street and Abu Dhabi Wealth Fund Mubadala Increase Holdings In BlackRock’s Bitcoin ETF
- FOMC Minutes Drop Tomorrow: Will Crypto Market Rally or Face Fed Shock?
- BlackRock Amends Filing For Staked Ethereum ETF, Eyes 18% of Staking Rewards From ETH Fund
- Arizona Advances Bitcoin, XRP Reserve Bill Using Seized Crypto Assets
- Bitcoin ETF Update: BlackRock Signals BTC Sell-Off as Kevin O’Leary Warns of Decline In Institutional Demand
- Pi Network Price Beats Bitcoin, Ethereum, XRP as Upgrades and Potential CEX Listing Fuels Demand
- 5 Things Dogecoin Price Needs to Hit $0.20 in Feb 2026
- Bitcoin Price Prediction as Experts Warns of Quantum Risks
- Dogecoin, Shiba Inu, Pepe Coin Price Predictions As BTC Crashes Below $68k
- Ethereum Price Outlook as Harvard Shifts Focus from Bitcoin to ETH ETF
- HOOD and COIN Stock Price Forecast as Expert Predicts Bitcoin Price Crash to $10k
