In the latest development in the legal battle between Coinbase and the US Securities and Exchange Commission (SEC), pro-XRP lawyer John Deaton accused SEC Chair Gary Gensler of gaslighting the public and disagreed with his stance on cryptocurrencies. The SEC recently rejected Coinbase's crypto rulemaking petition for three reasons, including applying current securities laws to cryptocurrencies. Deaton highlighted Gensler's statement that "there is NOTHING unique or new about cryptocurrencies," arguing that it contradicts his previous statements during congressional testimony. Deaton also accused Gensler of a complete reversal on the crypto issue due to political motives and support from Senator Elizabeth Warren.