NewsletterXRP Lawyer John Deaton Lashes Out At Sen Elizabeth Warren & SEC Chair Gary Gensler
John Deaton, an attorney representing 75K XRP holders, condemns Senator Elizabeth Warren and SEC Chair Gary Gensler of corruption and malfeasance. Deaton earlier accused Senator Warren of misconduct due to violating her oath of the U.S. Securities and Exchange Commission (SEC) oversight and scapegoated crypto for her failures.
John Deaton Blames Sen Elizabeth Warren
The crypto community backlash against Senator Elizabeth Warren for introducing a bipartisan bill to kill crypto, which continues to draw support from other senators. The Digital Asset Anti-Money Laundering Act aims to close loopholes and combat money laundering, ransomware attacks, sanctions evasion, drug trafficking, elder fraud, and other illicit financial activities in crypto.
John Deaton has expressed concerns about the timing and senators supporting the crypto bill. Despite Warren’s bills have never been passed, it has come at a time when crypto market bulls push crypto prices higher.
Deaton on November 12 said Senator Elizabeth Warren has ignored the corruption and malfeasance of the U.S. SEC amid a desire to expand government overreach. The crypto crackdown efforts of Warren and Gary Gensler have affected investors.
“As long as her pal Gary Gensler does her bidding related to crypto, she turns a blind eye to real corruption, he added. He believes there have always been personal reasons behind the intentional failure to oversight the SEC.
Also Read: XRP Struggles As Whale Shifts 26 Mln XRP To Bitstamp, Nosedive Below $0.61?
Warren’s Attacks Against Crypto
Senator Elizabeth Warren continued to scapegoat crypto for bank failures, terrorism financing, and others. Early this year, Warren blamed crypto for bank failures and has a potential role in Operation Choke Point 2.0.
Senator Warren has failed to address crucial concerns within the crypto industry. She even blamed crypto for the Israel-Hamas Conflict and tried cutting ties between crypto and the Wall Street
Also Read: Cathie Wood’s Ark Invest Sells $2M Coinbase & $13M GBTC Shares, Buys Meta
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.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Toncoin (TON), Plasma (XPL) Rebound as Coinbase Announces Listing
- Hyperliquid Pool Sees $4.9M Loss Amid POPCAT Whale Market Exploit
- SUI Network Gets Major Boost From $100M Astro Perp DEX Success and Stablecoin Launch
- Nasdaq Certifies Canary Capital XRP ETF for Trading Ahead of Milestone Launch Today
- Breaking: President Donald Trump Signs Bill to End Government Shutdown, Bitcoin Bounces
- Is Dogecoin Price Set for a Rally After 4.72 B $DOGE Whale Accumulation?
- XRP Price Shows Early Signs of Recovery Ahead of the First U.S. XRP ETF Debut—Rally Ahead?
- What’s Next for XRP, DOGE And ADA Ahead of U.S. Government Shutdown Resolution
- FUNToken is Trending Sideways Ahead of the $5M Giveaway: Is It Accumulating?
- Death Cross Triggers Sell Signals for Cardano Price— Will ADA Retest $0.50?
- Sui Price Set for a $5 After Launch of USDsui Native Stablecoin
