XRP News: U.S. Securities and Exchange Commission (SEC) chair, Gary Gensler has been alleged of being biasedly serving several crypto firms and personalities over time. However, the commission has also been held responsible for the recent horrible market crash. These actions have led to increased volatility in the digital asset industry.
US SEC Chair Dodging Responsibilities?
In the latest sorts of actions, Attorney John Deaton, XRP holders’ lawyer in the US SEC vs Ripple case, launched huge assertions over the US SEC. He brought up Sequoia China’s case and stated that this is a very crucial matter. He suggested a possible connection of the US SEC chair with Sam Bankman-Fried (SBF) escape and FTX collapse.
The attorney highlighted that if his connection would be investigated properly then this could be the end of Gary Gensler’s scrutiny. However, Sequoia was in the tally of top investors in the FTX. While SBF had $200 million invested in the Sequoias funds. Read More XRP News Here…
He mentioned that Congress enabled the CCP/PLA. However, the authority has failed to hold US SEC, Gary Gensler accountable for investigating capital market claims vs Sequoia’s China principal.
As per the latest reports, US SEC Chair stated that everything other than Bitcoind can be considered a security. However, Deaton stated that the writ of mandamus filed a motion to intervene, forced the US SEC to accept that they can’t argue that Ripple’s native token, XRP is security per se.
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Source: https://coingape.com/xrp-news-lawyer-urges-this-probe-can-lead-to-end-of-us-sec-chair/