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Highlights
- Pro-XRP lawyer John Deaton joined others asking Kamala Harris to prove her crypto reset.
- The most significant thing Harris could do is to promise immediate resignation of SEC Chair Gary Gensler.
- Judge Torres, a lifelong Democrat appointed by President Obama, even criticized the SEC.
XRP News: John Deaton, Republican senatorial candidate, has asked Democrat presidential candidate Kamala Harris to prove her recent shift toward the crypto industry. The broader crypto industry also seeks clarification from Harris regarding her sudden reset toward Bitcoin and broader crypto.
Deaton has suggested Democrat presidential candidate to promise that she will ask for Gary Gensler’s resignation immediately as her administration starts. Recently, Ripple CEO Brad Garlinghouse was reported to support Harris in the election.
John Deaton Seeks Gary Gensler’s Resignation From Kamala Harris
In a significant latest XRP news, pro-XRP lawyer John Deaton joined others to warn the crypto community about Kamala Harris’ recent crypto reset. Deaton said the most significant thing Harris could do to prove her seriousness about Bitcoin and building a digital asset economy during her Administration is to demand the immediate resignation of SEC Chair Gary Gensler.
He argues that Gensler caused more harm to individual investors than Sam Bankman-Fried. Firstly, the Gensler-led SEC’s policy of regulation by enforcement is a big reason investors and customers looked to offshore companies like FTX. Secondly, Gensler met with Sam Bankman-Fried multiple times and refused to turn over any notes, emails, or correspondence.
John Deaton says Harris asking Genlser to resign will be good XRP news for the wider crypto community. He added that demonstrating good faith could become a landmark move in crypto history. Donald Trump had promised to fire Gensler.
Skybridge Capital founder Anthony Scaramucci and Fox Business senior correspondent Charles Gasparino pondered whether Kamala Harris administration will break ties with Senator Elizabeth Warren.
Also Read: Ripple Vs SEC Case — Judge Torres Deliberates On Final Ruling
XRP News: Harris Should Trust Democrat Supporter Judge Torres
John Deaton sues the U.S. SEC pro bono to represent 75,000 XRP holders. He argued against the SEC’s legal theory, violating 80 years of securities laws and destroying the financial lives of retail users and investors. Judge Torres agreed with the XRP lawyer.
Vice President Harris must ask Judge Torres, a lifelong Democrat appointed by President Obama, about the SEC’s lack of faithful allegiance to the law. Harris should trust the judgment of Judge Torres.
“The Court of Appeals stated the SEC acted arbitrary and capricious in violation of the law. In the Debt Box case, the SEC was sanctioned by the judge for flat out lying to the Court and engaging in fraudulent like behavior,” said Deaton.
XRP price jumped more than 1% in the past 24 hours amid renewed sentiment, with the price currently trading at $0.61. The trading volume has decreased slightly over the last 24 hours.
Also Read: US Fed Rate Cut on Radar, Will Bitcoin (BTC) Breakout In August?
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