{"id":101750,"date":"2024-11-28T00:54:35","date_gmt":"2024-11-28T04:54:35","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=101750"},"modified":"2024-11-28T00:54:39","modified_gmt":"2024-11-28T04:54:39","slug":"john-deaton-supports-paul-atkins-as-sec-chair","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/john-deaton-supports-paul-atkins-as-sec-chair\/","title":{"rendered":"John Deaton Supports Paul Atkins As Prospective SEC Chair"},"content":{"rendered":"\n

John Deaton<\/a>, a lawyer who advocates for XRP, supports Paul Atkins for the position of SEC Chair. He address the unethical practices that were present under Gary Gensler.<\/p>\n\n\n\n

\"John
John Deaton Supports Paul Atkins As Prospective SEC Chair<\/em><\/figcaption><\/figure>\n\n\n\n

John Deaton, a lawyer who advocates for XRP\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, has recommended Paul Atkins as a prospective candidate to succeed Gary Gensler, the current Chair of the Securities and Exchange Commission (SEC).<\/p>\n\n\n\n

John Deaton, a prominent advocate for the reform of crypto regulation, has accused the SEC under Gensler of impropriety and abuse of power, particularly in applying crypto laws. He urged immediate change to resolve issues facilitating the agency's accountability and ethical behavior.<\/p>\n\n\n\n

John Deaton advocates for SEC reforms and endorses Paul Atkins<\/strong><\/h3>\n\n\n\n

John Deaton has urged the SEC to change, claiming that the SEC has been oppressive to the crypto industry and startups under Gensler.<\/p>\n\n\n\n

Additionally, he asserted that the SEC was employing measures that were perceived as hostile and provided inadequate guidance to companies in the cryptocurrency sector. In the industry, this has impeded innovation and created a problem.<\/p>\n\n\n\n

The Pro-XRP counsel endorsed Paul Atkins<\/a>, a former SEC commissioner recognized for his advocacy of digital assets, as part of his reform recommendations. Deaton expressed confidence that Atkins if appointed, will guide the SEC toward a more transparent and balanced regulatory framework.<\/p>\n\n\n\n

The attorney who was in favor of XRP further stated,<\/p>\n\n\n\n

\n

\u201cPaul Atkins is great and I\u2019ll certainly welcome and support him if selected. He\u2019s light years ahead of Gary Gensler \u2013 who\u2019s, without question, the worst SEC Chair in modern history.\u201d<\/p>\n<\/blockquote>\n\n\n\n

This is to Donald Trump's election victory and his commitment to terminate Gary Gensler<\/a> on his first day in office. Gensler will formally relinquish his position as SEC Chair on January 20, 2025, which will coincide with the inauguration of Donald Trump.<\/p>\n\n\n\n

Accountability & Ethical Reforms at the Securities and Exchange Commission<\/strong><\/h3>\n\n\n\n

John Deaton has been advocating for the next SEC chair to investigate allegations of misconduct by agency personnel and take decisive action against those who engage in unethical practices. He expressed his dissatisfaction with the SEC's management of regulatory decisions.<\/p>\n\n\n\n

Earlier, Deaton raised concerns regarding the close relationship between Gensler and Bankman-Fried, citing private meetings and political contributions associated with FTX collapse<\/a>.<\/p>\n\n\n\n

Deaton underscored the necessity of new leadership to resolve these issues transparently, ensuring that the SEC operates within ethical and legal boundaries. He recommended that the incoming chair immediately implement adjustments to reestablish credibility, such as terminating staff members involved in past misconduct.<\/p>\n\n\n\n

Deaton emphasized,<\/p>\n\n\n\n

\n

\u201cWhoever\u2019s the Chair, he\/she goes into the SEC with a blow torch and chainsaw and fires anyone who participated in the gross overreach and misconduct during the last four years.\u201d<\/p>\n<\/blockquote>\n\n\n\n

According to reports, Paul Atkins is a prominent candidate to succeed Gary Gensler, who will conclude his tenure as SEC Chair in January 2025. Atkins has previously advocated for reducing regulatory burdens and restructuring the SEC to enhance efficiency. His approach is consistent with the demands of industry leaders for a regulatory environment that is more conducive to the development of cryptocurrency.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

John Deaton, a lawyer who advocates for XRP, supports Paul Atkins for the position of SEC Chair. He address the unethical practices that were present under Gary Gensler. John Deaton, a lawyer who advocates for XRP , has recommended Paul Atkins as a prospective candidate to succeed Gary Gensler, the current Chair of the Securities […]<\/p>\n","protected":false},"author":59,"featured_media":59336,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[14608,23111,4288,146],"class_list":["post-101750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-john-deaton","tag-paul-atkins","tag-us-sec","tag-xrp"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/09\/image-41.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=101750"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101750\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/59336"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=101750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=101750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=101750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}