XRP News: The chair of the U.S. Securities and Exchange Commission, Gary Gensler, has been accused of being biased in his service to several crypto companies and individuals over time. The commission was also blamed for the recent market crash. These actions have caused volatility in the digital asset sector. US SEC Chair Dodging
CoinGape’s first article, “XRP Lawyer: This Probe Could Lead To The End Of The US SEC Chair” appeared first on CoinGape.
XRP News: The chair of the U.S. Securities and Exchange Commission, Gary Gensler, has been accused of being biased in his service to several crypto companies and individuals over time. The commission was also blamed for the recent market crash. These actions have caused volatility in the digital asset sector.
Attorney John Deaton (XRP holders’ lawyer in US SEC vs Ripple) launched massive assertions about the US SEC in the latest actions. He mentioned Sequoia China’s matter and said that it was a crucial matter. He suggested a possible link between the US SEC chair and Sam Bankman-Fried’s (SBF) escape from FTX collapse.
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The attorney stated that Gary Gensler could be exonerated if his connection was properly investigated. Sequoia was however included in the FTX’s top investors. SBF had $200 million invested into the Sequoias funds. You can read more XRP news here
He also mentioned that Congress had authorized the CCP/PLA. The authority has not held Gary Gensler, US SEC, accountable for investigating capital market claims against Sequoia’s China principal.
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