XRP News: John Deaton, a pro-XRP lawyer and Republican senatorial candidate, has challenged Democrat presidential candidate Kamala Harris to prove her commitment to the crypto industry by demanding the resignation of SEC Chair Gary Gensler.
Deaton argues that Gensler’s regulation-by-enforcement approach has harmed individual investors more than Sam Bankman-Fried. He highlights Gensler’s multiple meetings with Bankman-Fried without transparency as a significant concern.
Harris’s request for Gensler’s resignation could be a landmark move in crypto history. The price of XRP has seen a slight increase amid renewed sentiment, currently trading at $0.608.
Deaton’s call emphasizes the need for accountability and trust in the regulatory process, suggesting that Harris should rely on Judge Torres’ judgment, who has previously criticized the SEC’s actions.
This strategic move could reshape the crypto regulatory landscape and restore investor confidence.
