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Breaking News: Trump Confirms Paul Atkins As SEC Leader To Drive Pro-Crypto
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Breaking News: Trump Confirms Paul Atkins As SEC Leader To Drive Pro-Crypto
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PRO-XRP LAWYER DEATON ISSUES 4 MUST-DO ACTIONS FOR NEW SEC CHAIR ATKINS

by Jake Simmons
2 days ago
in XRP
0


John Deaton, the attorney representing over 75,000 XRP holders in the Ripple vs.
SEC lawsuit, has voiced strong opinions regarding President-elect Donald Trump’s
nomination of Paul Atkins as the new Chair of the US Securities and Exchange
Commission (SEC). Deaton took to X to outline four critical actions he believes
Atkins must undertake immediately upon assuming office.

If Paul Atkins doesn’t fire, or at least demote, certain individuals and
completely dismantle – that is, do away with – the crypto unit, he’s not the
right pick. Period!” Deaton declared.




PRO-XRP LAWYER DEATON’S FOUR MUST-DO ACTIONS FOR ATKINS

First, Deaton insists that those responsible for the mismanagement of the Debt
Box case should be removed from their positions to restore credibility and
accountability within the SEC. “Fire all individuals involved in the Debt Box
fiasco,” he writes.

Related Reading: XRP Price Reaches Legendary 4.236 Fibonacci Level Once Again,
Is A Rally To $9 Possible From Here?

Second, the lawyer urges Atkins to “fire and/or demote individuals currently
appointed by Gensler in leadership roles.” Deaton emphasizes that Atkins should
not retain personnel selected by “a bad faith regulator like Gary Gensler,”
advocating for a new team that aligns with Atkins’ vision and, by extension,
“Donald Trump’s vision of the Crypto Capital of the World.”

Third, Deaton calls for Atkins to “make clear that DeFi and self-custody do NOT
fall within the SEC’s jurisdiction,” aiming to limit regulatory overreach and
foster innovation in decentralized finance.



Fourth, he believes that the specialized crypto unit within the SEC is
unnecessary and should be dissolved. “Have a general fraud unit that goes after
all types of fraud cases,” Deaton suggests, promoting a more integrated approach
to enforcement.

Related Reading: Dogecoin Price To Pull An XRP Rally From Here? The Trading
Similarities Are Striking

Deaton’s post came as a response to John Reed Stark, President of John Reed
Stark Consulting LLC and former Chief of the SEC’s Office of Internet
Enforcement. Stark highlighted that outgoing SEC Chair Gary Gensler has been
“quietly working behind the scenes to lead the SEC from the grave.” He noted
that Gensler recently promoted three prominent crypto-enforcement lawyers to
senior executive positions within the SEC, specifically in the Trial Unit and
the Crypto Unit.