The post XRP Lawyers Call For Congressional Action On SEC And Gary Gensler appeared on BitcoinEthereumNews.com.

In recent posts, Pro-XRP lawyers John Deaton and Bill Morgan called for Congressional intervention, questioning the SEC’s actions and the reluctance of the U.S. House Committee on Financial Services Republicans to issue a subpoena. For context, the US Securities and Exchange Commission (SEC) has recently come under fire from a federal judge who accuses the agency of presenting “materially false and misleading representations” in a crypto case. Meanwhile, this comes amid a series of legal setbacks for the SEC, raising concerns about its conduct in crypto-related matters. Judicial Rebuke and Allegations of Misrepresentation A federal judge has reprimanded the SEC for its handling of a case involving crypto firm Debt Box, citing concerns over “materially false and misleading representations.” Notably, the judge’s criticism stems from the SEC’s alleged actions leading to the freezing of millions of dollars in assets belonging to the crypto company. In addition, the court has demanded an explanation from the SEC, contemplating sanctions for what appears to be a breach of trust. Meanwhile, XRP Lawyer John E Deaton took to social media to express his lack of surprise over the judge’s consideration of sanctions, stating, “SEC lawyers like Jorge Tenreiro and GurbirGrewalNJ don’t hesitate to intentionally mislead the Court.” In addition, Deaton emphasized the personal nature of the SEC’s approach to cryptocurrency cases, highlighting federal judges’ prior calls for oversight and the SEC’s disregard for Congressional requests. Also Read: Dogecoin Creator Billy Markus And Elon Musk Reacts To IRS $24 Bln Fine On FTX XRP Lawyers Call For Congressional Action John E Deaton directed a plea to the U.S. House Committee on Financial Services Republicans, specifically addressing Chairman Patrick McHenry. Notably, he urged the Financial Services Committee to fulfill its role of overseeing the SEC and its Chair Gary Gensler, emphasizing the need for a Congressional…

---

Filed under: News - @ December 2, 2023 7:18 pm