News View Non-AMP

John Deaton Lashes Out At SEC and Gensler, Calls For Elected Leaders To Pay Attention

Published by
Nidhi Kolhapur

Mark Cuban in a tweet earlier today shared that he spoke to the Harris team today who told him clearly that they are against “regulation through litigation”.  He further mentioned, “CYA Gensler. You leaving is worth a point in GDP growth.”

Anthony Scaramucci also shared a tweet saying “Gary Gensler please resign for the sake of the country(US).”

Crypto advocate John Deaton, in a recent X post featuring both the comments admitted that he has been fighting the SEC Chair Gary Gensler and the lawyers at SEC, who have followed his lead for almost 4 years now. 

John Deaton Cites Various Instances

He remarked, “Let’s not forget, a lifelong Democratic Judge, appointed by Barack Obama, agreed with ME and the 75K holders who joined me when I intervened in the Ripple case against the SEC. “In fact, Judge Torres cited my amicus brief and referenced my pro bono efforts in her summary judgment decision,” he added.

He also urged to take into account that a federal judge, overseeing discovery in the Ripple Case had issued a ruling that stated that the lawyers at the SEC were not only being hypocrites, but they “lacked faithful allegiance to the law.” 

Deaton Criticizes Senator Warren

He emphasized that it was a “direct quote” and that it should have caused the Senior Senator from Massachusetts, Elizabeth Warren who sits on the senate committee overseeing the SEC, to do her job and protect consumers from a rogue agency that lacked faithful allegiance to the law. 

He stressed that as a private citizen, he has conducted more oversight of the SEC, through litigation and FOIA requests, than Senator Warren has done while sitting on a committee that oversees the SEC. He also added he did all that work for free and at the expense of his own business.  

“Political Agendas”

He also mentioned the Grayscale case where an appellate court found that the SEC acted “arbitrary and capricious – a very difficult standard to meet.” He underscored that instead of honoring the law, Senator Warren encouraged Gensler to ignore the appellate court and deny a spot Bitcoin ETF as it would help her own political agenda. He also included that it appears Gensler is not the only one lacking faithful allegiance to the law. 

He also noted the Debt Box case where, a federal judge sanctioned the SEC for deliberately lying to the Court and acting as the corrupt, deceitful agency it has become under Gensler’s leadership. 

He shared “What’s truly sad is that Gensler has dishonored the countless number of good people working under him and who no doubt want to do the right thing.”

Lastly, he highlighted that when leaders like Scaramucci and Mark Cuban, who are actively advising Kamala Harris and her team, are speaking out against Gensler and how he’s hurting America and American entrepreneurs and consumers, then it’s time for the elected leaders to pay attention.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

Is Altseason Coming? CryptoQuant Analyst Spots Key Accumulation Signal

CryptoQuant analyst Axel Adler Jr. has spotted a potential early sign of a new altcoin…

June 27, 2025

Litecoin LTC Price Prediction 2025, 2026 – 2030: Can Litecoin Reach $1000 Dollars?

Story Highlights Litecoin price today is . Litecoin price may reach a potential high of…

June 27, 2025

Polkadot Price Prediction 2025, 2026 – 2030: Will DOT Price Cross $10?

Story Highlights The live price of the Polkadot crypto token is . Polkadot price can…

June 27, 2025

Toncoin Price Prediction 2025, 2026 – 2030: Will TON Price Reach $10?

Story Highlights The live price of the TON token is Toncoin price could hit a…

June 27, 2025

Pi Network Mainnet, KYC Fixes, and More — What to Expect on Pi2Day

With Pi2Day just around the corner, the Pi Network community is buzzing with hopes and…

June 27, 2025

WazirX Hearing Rescheduled to July 15: Singapore Court Sparks New Hope

The Singapore High Court has rescheduled WazirX’s next hearing in case HC/SUM 940/2025 to July…

June 27, 2025