Ripple Backer John Deaton Condemns SEC Chair For Small Investor Damage
Summary
John Deaton, XRP advocate and US Senate candidate, criticizes SEC and Gensler for harming small crypto investors. He accuses Gensler of undisclosed meetings with FTX's former CEO. Ripple's legal battle with SEC sees partial victory as judge rules XRP sales on secondary markets not as security sales. Despite optimism, legal uncertainties persist, impacting XRP's future and setting a precedent for crypto regulation in the US. SEC's broad crackdown on crypto platforms and altcoins faces criticism for disproportionately harming small investors.
