$XRP $s$rCHAIRMAN OF US SEC ORDERED TO REsign

John Deaton, a lawyer who is pro Ripple Labs, is urging Gary Gensler to immediately resign from his position as Chairman of the United States Securities and Exchange Commission (SEC). Meanwhile, a new crypto project, BlockDAG Network claims that their blockchain is more efficient than other existing blockchains and is more environmentally friendly.

Latest Crypto News: US Attorney Asks Gary Gensler to Resign

John Deaton demanded the resignation of SEC Chairman Gary Gensler following the latest crypto news that the SEC was asked by a judge to pay legal fees of US $ 1.75 million in the Debt Box case.

John Deaton, a pro-XRP lawyer, demands the resignation of SEC Chairman Gary Gensler. This lawsuit comes amid legal disputes and criticism of the SEC's approach to regulation and enforcement of cryptocurrencies in Uncle Sam's country.

Following the ruling in which the SEC was fined US$1.75 million for misleading behavior in the Debt Box case, Pro-XRP Attorney John Deaton began calling for the resignation of SEC Chairman Gary Gensler. Additionally, due to SEC overreach, Deaton has been involved as amicus curiae in major cases against companies such as Ripple Labs, LBRY, and Coinbase.

He argued that the SEC, under Gensler's leadership, had used strategies that were financially detrimental to the companies under investigation, particularly criticizing how the agency handled the LBRY case.

Deaton also mentioned that SEC representatives openly stated their goal to destroy LBRY through exorbitant legal fees (fines) and sparked outrage among the crypto community

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