🚀US attorney John E Deaton has posted a post criticizing SEC Chairman Gary Gensler, claiming Gensler has “no idea” about security. 😅
- The SEC, which is filing a lawsuit against Ripple, is accused of selling XRP tokens to retail investors as unregistered security offerings.
- In July, the court ruled that the sales did not constitute an investment contract offering. This positively affected the XRP price, which increased by 70%. 📈
- Deaton said Gensler completely ignored the fact that “U.S. securities laws do not apply to the purchase of assets for non-investment use cases.”
🗣️ Do you think Gensler should step down? We’re waiting for your comments! 👇
- The SEC, which is filing a lawsuit against Ripple, is accused of selling XRP tokens to retail investors as unregistered security offerings.
- In July, the court ruled that the sales did not constitute an investment contract offering. This positively affected the XRP price, which increased by 70%. 📈
- Deaton said Gensler completely ignored the fact that “U.S. securities laws do not apply to the purchase of assets for non-investment use cases.”
🗣️ Do you think Gensler should step down? We’re waiting for your comments! 👇