👉👉👉 $XRP Advocate #JohnDeaton Takes Aim at Elizabeth Warren and Gary Gensler Over Crypto Regulation
Pro-XRP Lawyer John Deaton Criticizes Senator Warren and SEC’s #GaryGensler Over Crypto Policies
- Pro-XRP attorney John Deaton has once again voiced his criticism of U.S. Senator Elizabeth Warren and SEC Chair Gary Gensler. Deaton, an outspoken crypto advocate, frequently takes aim at these officials for what he views as an unjust regulatory crackdown on the crypto industry. However, Deaton remains optimistic about a brighter future for the industry.
Deaton’s Role in Transforming the U.S. Crypto Landscape
- Initially, Deaton entered the crypto spotlight by representing XRP holders in the high-profile SEC vs. Ripple lawsuit. Recently, his focus has shifted, especially after his loss to Senator Warren in the Massachusetts Senate race, despite Donald Trump's presidential win. Despite the setback, Deaton believes the real winners are American crypto investors, who he claims have long sought clear regulations.
- Deaton argues that Warren and Gensler's approach has stifled crypto innovation, causing U.S. entrepreneurs to avoid domestic offerings due to legal fears. Recent SEC actions against OpenSea, Uniswap, and Robinhood have driven many crypto firms abroad. Deaton anticipates that Trump’s administration could shift this regulatory landscape.
#Bitcoin’s Rally and Economic Optimism
- Deaton’s comments align with a recent post by Gemini co-founder Tyler Winklevoss, who pointed to Bitcoin’s rally above $88,000 as evidence of how damaging Warren and Gensler’s policies were to the industry. Winklevoss suggests that a shift in administration could spark a “supersonic American economic boom.”
While many expect economic growth under the new leadership, critics like Peter Schiff argue against a Bitcoin Reserve, saying it could destabilize the U.S. dollar. As of this writing, Bitcoin is trading at $89,283.43, up 6.52% over the last 24 hours.
