News View Non-AMP

Ripple Case Outcome: Attorney Bill Morgan Counters SEC Chair Gensler’s Hopes

Published by
Elena R

In a recent statement, attorney John Deaton expressed his strong disagreement with remarks made by Gary Gensler, the Chair of the U.S. Securities and Exchange Commission (SEC), regarding the cryptocurrency space. Deaton’s response comes after Gensler characterized the crypto industry as rife with “hucksters” and non-compliance.

Gensler’s comments, made during a public address, drew criticism from Deaton, who urged observers to pay close attention to the SEC Chair’s response to a specific question. 

Deaton said that when Gensler mentioned “Any Court,” he referred to the highest judicial authority in the United States—the Supreme Court. Deaton’s interpretation suggests that Gensler may be insinuating that the SEC believes it is above the law.

He added, “Let me introduce everyone to a real-life example of a megalomaniac: @GaryGensler.”

Deaton’s remarks shed light on a growing sentiment within the cryptocurrency community, where concerns about regulatory overreach have increased. Additionally, Attorney Bill Morgan has chimed in on Gensler’s remarks. 

Morgan shared his thoughts, saying that Gensler’s words appeared to show a strong desire for the SEC to win the ongoing Ripple case. However, Morgan pointed out that Gensler’s wish didn’t come true because Ripple achieved a positive outcome in a significant part of the case.

He wrote, “He means he wishes the SEC won the part of the Ripple case that matters but they didn’t and he hopes the part Ripple won gets reversed on appeal sooner than later so the SEC can have its own (im)Proper Party in NY.”

Morgan hoped that any favorable ruling for Ripple wouldn’t go uncontested. He suggested that the SEC might try to overturn the decision through an appeal process. In Morgan’s opinion, this would allow the SEC to advance its own interests, particularly in what he called an “improper party” context in New York.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Bitwise Amends S-1 Filings for Spot Dogecoin ETF and Aptos ETFs: Approvals on Track?

Bitwise Asset Management filed amended S-1 registration statements with the United States Securities and Exchange…

June 27, 2025

Top Reasons Why Bitcoin Price May Retest $92k First Before Reaching $120k in the Midterm

Bitcoin (BTC) price has experienced heightened resistance around $108k in the past few days amid…

June 27, 2025

XRP Price Prediction, Next 100x meme coin : How Can XRP Push Past $5 Before the End of 2025?

XRP’s Setup Signals Breakout Potential XRP is showing strong recovery signs as analysts project a…

June 26, 2025

Kaanch Network Just Became the Most Talked-About Layer 1 Token on Crypto X

Kaanch is fast becoming one of the outstanding tokens in Crypto X which is attracting…

June 26, 2025

Ruvi AI (RUVI) Takes Notes from Avalanche’s (AVAX) Rise, Utility Focus and Passed Audit Put It on the Right Path

Avalanche took the crypto world by storm with its ability to deliver scalable and efficient…

June 26, 2025

Ledger and Chorus One to Boost ETH Staking with MEV Max Integration

Ethereum staking has grown from a niche activity into a foundational element of the blockchain…

June 26, 2025