Deaton has long advocated for clarity in how the SEC regulates cryptocurrencies, arguing that the agency’s actions have often been inconsistent.
#DeatonForSenate

He pointed to the SEC’s refusal to provide clear guidance on XRP, which led to a prolonged legal battle.

“All I asked was for the SEC to honor the law and make clear that the token itself (XRP) was NOT the security. The lawyers at the SEC not only refused to do so, but they attacked me personally,” Deaton remarked.

SEC Settles with eToro #settlements

Meanwhile, the regulator recently settled a case with trading platform eToro, forcing its U.S. operations to cease trading in nearly all crypto assets and imposing a $1.5 million fine.
$SOL
This is just one example of the SEC’s ramped-up enforcement efforts in 2024.

According to a Sept. 9 report from Social Capital Markets, the SEC’s total monetary enforcement actions against crypto firms in 2024 had surged to $4.7 billion, a 3,000% increase from the previous year.
$USDC
The regulator’s largest action came in June, when it reached a $4.47 billion settlement with Terraform Labs and its former CEO, Do Kwon, marking the SEC’s most substantial crypto enforcement to date.

Just recently, a coalition of seven U.S. states came together to challenge the SEC’s regulation of cryptocurrency.

Led by Iowa Attorney General Brenna Bird, the states have filed an amicus brief arguing that the SEC’s attempt to regulate cryptocurrencies constitutes a “power grab” that would stifle innovation, harm the crypto industry, and exceed the agency’s authority. #AuthorTool

Former Ripple Director Drops Bombshell: U.S. Government Accused of XRP Price Suppression! 😱
Hey crypto enthusiasts! 🚀 In a jaw-dropping revelation, ex-Ripple director Sean McBride accuses the U.S. government of playing puppeteer with XRP prices. 📉 His tweet suggests that Ripple's SEC legal battle might be a tool in the price manipulation game.
McBride points fingers at #BigTech and #WallStreet, claiming they're slipping while #Crypto is soaring. 📉💹 Are they picking winners and losers? McBride thinks so! 👀
But fear not, there's a solution! 🦸‍♂️ McBride urges the crypto community to vote for Attorney John Deaton in the upcoming Senate election. He sees this as the ultimate showdown against government suppression and a chance to "Make America Great Again (MAGA)." 🇺🇸✊
And it's not just McBride on the Deaton bandwagon; even Ripple CEO Brad Garlinghouse is retweeting the call for change! 🔄
But wait, there's more! 🚨 McBride spills the beans about a potential XRP ETF this year or 2025 and hints at Ripple going public outside the U.S. in 2025. Predictions or insider info? Time will tell! ⏳🔮
Before we wrap up, hit that follow button to stay in the loop! 🔄 And remember, like, share, and drop your thoughts below. Your tips keep us on the crypto pulse! 💰🚀
Disclaimer: Cryptos are as unpredictable as the weather. Do your research! ☔🔍 #CryptoNews #XRP #Ripple #DeatonForSenate