**US Senate Candidate Set to Fight SEC for XRP Investors**
John Deaton, a Republican candidate for Senate from Massachusetts, is determined to hold the SEC accountable for the $15 billion in losses suffered by retail XRP investors.
In an interview on the âGood Morning Crypto Showâ on September 16, Deaton asserted that he will continue to fight until retail investors are properly compensated.
- Deaton, who represents more than 75,000 XRP token holders, called the SECâs actions a âwillful misconductâ that harmed thousands of XRP holders.
- The SEC recently apologized for the confusion caused by the use of the term âcrypto asset securitiesâ in their lawsuit.
- Deaton is demanding that the responsible parties be fired and is awaiting the results of the Inspector General (IG) investigation for possible further legal action.
Deaton also plans to introduce legislation to clarify the distinction between commodities and securities in the crypto world. đ
What do you think about Deatonâs move? Comment below!