Pro-XRP Lawyer Deaton Accuses SEC’s Gensler Of ‘Infecting’ Ethical Standards
Summary
John E. Deaton accuses SEC Chairman Gary Gensler of unethical conduct and deceit, supported by Patrick McHenry's claim that Gensler misled Congress. Deaton's amicus brief in the Coinbase litigation details Gensler's alleged bad faith regulatory practices, including manipulating legal outcomes and threatening to bankrupt companies through litigation. Gensler's contradictory statements about crypto asset regulation are highlighted, suggesting a pattern of behavior at the SEC that prioritizes regulatory outcomes over truth. Other XRP community lawyers criticize McHenry's claims. XRP traded at $0.4881 at press time.
