XRP Lawyer John Deaton Tips Next US SEC Chair Replacing Gary Gensler

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As a seasoned crypto investor who has weathered numerous market storms and seen the rise and fall of countless digital assets, I find myself intrigued by John Deaton’s endorsement of Brad Bondi as the next US SEC Chair. Having closely followed the XRP saga, I can appreciate the significance of Deaton’s pick, given his representation of over 75K XRP holders and his keen insight into the crypto landscape.

Updates on XRP: John Deaton, a lawyer who supports cryptocurrencies and was a candidate for the Massachusetts Senate, revealed his choice for the next head of the United States Securities and Exchange Commission (SEC). The potential candidates for this role are Brad Bondi, Paul Atkins, Dan Gallagher, and Bob Stebbins. It’s worth mentioning that Gary Gensler, who has been critical of cryptocurrencies, suggested he might step down as SEC Chair as President-elect Donald Trump establishes a pro-crypto administration.

Pro-XRP Lawyer John Deaton Backs Brad Bondi As US SEC Chair

John Deaton, a lawyer representing more than 75K XRP holders, discloses Brand Bondi as his preferred candidate for the position of the next U.S. SEC Chairman. Among those he’s considered are John Reed Stark, a former SEC Enforcement Chief, and Eleanor Terrett, a journalist from Fox Business. Other names on the list include Brad Bondi, Paul Atkins, Dan Gallagher, and Bob Stebbins.

It seemed clear to me that Brad Bondi was the best option, but instead of openly endorsing him, I chose to conduct my own investigation rather than blindly following John Stark’s assessment.

He believes SEC General Counsel Bob Stebbins is “not the answer” to what Donald Trump, Howard Lutnick, Vivek Ramaswamy and Elon Musk are seeking. Former SEC Chair Jay Clayton supports Stebbins, but he doesn’t fit in the crypto-friendly Trump administration. Stebbins signed off on the Ripple lawsuit, including suing Brad Garlinghouse and Chris Larsen.

Paul Atkins or Dan Gallagher’s Odds Of Replacing Gary Gensler

As an analyst, I concur with John Deaton’s assertion that the nominations of former SEC Commissioners Paul Atkins and Dan Gallagher may not signify substantive change within the Securities and Exchange Commission (SEC). These appointments are likely to be embraced by Wall Street and large financial institutions; however, they do not align with President Trump’s vision of establishing a strong foundation for cryptocurrency as part of his economic strategy.

According to John Reed Stark Gallagher and Atkins, they have great respect for the Securities and Exchange Commission (SEC) and plan to adopt a conservative, conventional methodology. In contrast, the Donald Trump administration will not adhere to such a cautious traditional approach when dealing with government agencies. Deaton argues that the SEC should follow suit.

XRP News: Brad Bondi Understands Crypto

Brad Bondi understands that DeFi falls out of the SEC’s jurisdiction and the importance of self-custody. John Deaton believes Gallagher and Atkins come close to Bondi, which is good news for the XRP community.

According to John Reed Stark, Brad Bondi is expected to change the Securities and Exchange Commission (SEC) from a criticized playground enforcer into an esteemed, thoughtful, and cryptocurrency-friendly organization. While he will be firm yet fair in his actions.

A legal advisor for Ripple contends that President Trump’s administration should carefully choose the next SEC Chair, which could usher in a prosperous new era for the cryptocurrency market. This decision could potentially spur additional growth in XRP prices, as it has already seen a 100% increase within a week. At present, the value of XRP stands at $1.13.

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2024-11-18 14:57