John Deaton, Republican senatorial candidate, has publicly challenged Democrat presidential candidate Kamala Harris to prove her recent shift towards the crypto industry is genuine. Deaton’s call to action, apart from demanding a Kamala Harris crypto stance, includes a demand for the resignation of SEC Chair Gary Gensler, highlighting the broader crypto community’s need for clarity on Harris’s intentions. The recent developments have put Kamala Harris’s crypto stance under intense scrutiny.
John Deaton Seeks Gary Gensler’s Resignation from Kamala Harris
In a significant piece of the latest XRP news, pro-XRP lawyer John Deaton has joined others in warning the crypto community about Kamala Harris’s recent crypto reset. Deaton emphasises that the most significant step Harris could take to prove her seriousness about Bitcoin and building a digital asset economy during her administration would be to demand the immediate resignation of SEC Chair Gary Gensler.
Deaton argues that Gensler has caused more harm to individual investors than Sam Bankman-Fried. According to Deaton, the Gensler-led SEC’s policy of regulation by enforcement has driven investors and customers to offshore companies like FTX. Furthermore, Deaton points out that Gensler met with Sam Bankman-Fried multiple times and has refused to turn over any notes, emails, or correspondence related to these meetings.
John Deaton believes that Harris demanding Gensler’s resignation would be good news for the wider crypto community. He adds that such a demonstration of good faith could become a landmark move in crypto history. It is worth noting that former President Donald Trump had also promised to fire Gensler.
Skybridge Capital founder Anthony Scaramucci and Fox Business senior correspondent Charles Gasparino have speculated on whether a Kamala Harris administration would break ties with Senator Elizabeth Warren, a well-known crypto sceptic.
Harris Should Trust Democrat Supporter Judge Torres
John Deaton, who represents 75,000 XRP holders pro bono in his lawsuit against the U.S. SEC, has argued against the SEC’s legal theory, stating it violates 80 years of securities laws and destroys the financial lives of retail users and investors. Judge Torres, who agreed with Deaton, is a lifelong Democrat appointed by President Obama.
Vice President Harris must ask Judge Torres about the SEC’s lack of faithful allegiance to the law. Harris should trust the judgment of Judge Torres, who has shown a commitment to fairness in her rulings.
“The Court of Appeals stated that the SEC acted arbitrarily and capriciously in violation of the law. In the Debt Box case, the SEC was sanctioned by the judge for flat-out lying to the Court and engaging in fraudulent-like behaviour,” said Deaton.
The XRP price jumped more than 1% in the past 24 hours amid renewed sentiment, with the price currently trading at $0.608. The trading volume has decreased slightly over the last 24 hours.
Kamala Harris Crypto Stance in Question
The broader crypto industry also seeks clarification from Harris regarding her sudden reset towards Bitcoin and the broader crypto landscape. With calls for Gensler’s resignation and growing questions about her true intentions, Kamala Harris crypto stance remains a critical issue. Deaton’s challenge is not just a call for immediate action but also a demand for transparency and a clear stance on the future of cryptocurrency regulation under a potential Harris administration.
Officials say that the demand for Gensler’s resignation is not just about changing leadership but about setting a new direction for the SEC that is more favourable to the crypto industry. According to reports, many in the crypto community feel that the current regulatory approach is stifling innovation and pushing investors towards less regulated, offshore entities.
Harris’s response to these demands will be crucial in determining her credibility within the crypto community. If she can show a commitment to a fairer and more transparent regulatory environment, it could mark a significant shift in her political strategy and potentially garner support from a vital sector of the economy.
Future Implications
The situation is evolving, and the implications of Harris’s decisions will be closely watched by both supporters and critics. The demand for Gensler’s resignation is a litmus test for Harris’s dedication to her newfound crypto stance. Whether she can meet this challenge will likely influence her support among crypto enthusiasts and could have broader political ramifications.
Kamala Harris crypto stance is in question, and her actions in the coming weeks will be critical in shaping the future of cryptocurrency regulation in the United States. The crypto community awaits her response, hoping for a commitment to a more progressive and supportive regulatory framework.
In conclusion, John Deaton’s call to action has highlighted the need for clarity and decisive action from Kamala Harris. As the crypto industry continues to evolve, the stance of key political figures like Harris, particularly her Kamala Harris Crypto Stance, will play a crucial role in shaping its future. The ball is now in Harris’s court to prove her commitment to the crypto community and demonstrate that her recent shift in stance is more than just political posturing. For continuous updates and detailed coverage on this developing story, stay tuned to TurkishNY Radio.
