Pro-XRP Attorney and Ripple CEO Agree the U.S. Can’t Afford Another Gary Gensler Moment

The pro-XRP attorney John Deaton has concurred with recent remarks by Ripple CEO Brad Garlinghouse that the United States cannot afford another Gary Gensler experience. He was the former chair of the U.S.

Key takeaways

Quick scan — what you need to know:

• The pro-XRP attorney John Deaton has concurred with recent remarks by Ripple CEO Brad Garlinghouse that the United States cannot afford another Gary Gensler experience.
• He was the former chair of the U.S.
• Securities and Exchange Commission (SEC).
• In a tweet explaining his opinion, Deaton insisted that all the guidance and clarity the crypto industry has received so far can be taken away if a new administration takes over.

Background

What led here, in plain terms:

• According to the pro-crypto lawyer, the only way to guarantee that this does not happen is to pass crypto-friendly legislation.
• Ripple CEO on U.S.
• Weaponization of Crypto Policy Deaton’s remarks echo those of Garlinghouse, who, over the weekend, was a guest at a morning Fox Business show anchored by Maria Bartiromo.
• During the interview, the Ripple executive warned against the weaponization of crypto policy in the United States.

Why it matters

Why readers and decision-makers should care:

• Nevertheless, Deaton believes the mere thought of installing another Gensler as SEC chair should force a deal that would lead to the codification of the CLARITY Act as soon as possible.
• The post Pro-XRP Attorney and Ripple CEO Agree the U.S.
• Can’t Afford Another Gary Gensler Moment appeared first on CryptoPotato.