After Ripple Lawsuit, Pro-XRP Lawyer Swamped with 75k E-Mails; Pleads for Clarity

Attorney John Deaton addressed the importance of accountability within regulatory bodies, emphasizing the need to hold both current and previous figures responsible, such as Gary Gensler and Jay Clayton, to maintain fairness and consistency in regulatory actions, particularly in relation to the "Safe Harbor" proposal for cryptocurrencies. Deaton also discussed the complexities of the Ripple legal case and the potential influence it may have on the SEC's approach to other cryptocurrencies, highlighting the urgency of regulatory clarity in order to prevent financial harm in the industry.

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Relevant topic timeline:

8/22/2023

Deaton: Ripple's SEC Woes Could've Been Dodged with Right Law Firm

Ripple Labs could have potentially avoided the SEC lawsuit if it had chosen the right law firm, according to attorney John Deaton.

8/26/2023

Ripple vs. SEC: Pro-XRP Lawyer Challenges SEC And Ripple's CEO Calls For Testimonies

Prominent lawyer and founder of CryptolawUS, John Deaton, criticizes the SEC for charging Ripple CEO Brad Garlinghouse and argues that if former SEC leaders had testified earlier, the entire situation could have been avoided.

9/1/2023

Gary Gensler’s Crypto Approach Likely Won’t Be Slowed By The Courts

The Securities and Exchange Commission (SEC) may have suffered setbacks in its regulation-by-enforcement approach to the cryptocurrency industry, with the latest ruling in favor of Grayscale Investments potentially paving the way for the emergence of a bitcoin spot exchange-traded fund (ETF); however, the SEC could appeal the decision or find new ways to deny similar applications, and the lack of a regulated exchange for the bitcoin spot market remains a challenge. Despite court challenges, SEC Chair Gary Gensler is expected to continue pursuing his regulation tactics, while Congress and a potential Republican president in 2024 may play a role in shaping the regulatory environment for digital assets.

9/7/2023

Ripple Labs chair slams Biden, Gensler for having ‘screwed up’ on crypto

Ripple Labs Chair Chris Larsen believes that the US legal system needs to take the lead on crypto policy after the Biden administration's mishandling of the industry, stating that it is time for Congress to step in and provide clarity and regulation.

9/9/2023

Ripple Lawyers Blast SEC for Hypocrisy in Latest Filing After Reversal on Urgency of Crypto Rules

Ripple's chief legal officer criticizes the SEC's latest submission as a "contradictory shift" and highlights SEC Chair Gary Gensler's inconsistency and appetite for expanded regulation.

9/11/2023

Gensler Reiterates Crypto Regulation Stance Ahead of Senate Testimony After Court Setbacks

U.S. Securities and Exchange Commission Chair Gary Gensler continues to emphasize the importance of crypto companies complying with securities laws, despite recent setbacks in court cases against the industry. Gensler will discuss recent enforcement actions and proposals related to cryptocurrency firms but will avoid discussing ongoing litigation, including high-profile cases against Coinbase and Binance.

9/15/2023

Crypto advocate joins LBRY case to defend investor rights as SEC battles rage

Lawyer John Deaton, who represents XRP token holders in the Ripple-SEC lawsuit, has officially submitted his notice of appearance in the LBRY lawsuit as an Amicus Curiae on behalf of Naomi Brockwell, founder of Crypto Law, showing his active engagement in legal proceedings surrounding cryptocurrency regulations and actions.

9/19/2023

SEC's Crypto Chief Warns More Charges Coming for Exchanges Violating Regulations

Summary: The United States SEC's Crypto Enforcement Chief, David Hirsch, has warned that more punishment and charges will be brought against crypto exchanges and De-Fi projects that do not comply with the law, targeting not just the top players but the entire industry. The SEC will continue conducting investigations and taking action in the space.

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Posted 8/27/2023, 8:13:32 AM