A prominent crypto lawyer who helped Ripple Labs and XRP in the case against the U.S. Securities and Exchange Commission (SEC) is volunteering to represent US retail token holders during an upcoming Congressional hearing.
Responding to an announcement made by the Financial Services GOP about the upcoming Capital Markets and Digital Assets, Financial Technology and Inclusion hearing, crypto attorney John Deaton volunteers his services to US retail token holders, saying that he could testify on their behalf and represent their interests.
According to Deaton, Gary Gensler, the Chairman of the SEC, does not have the best interest of retail investors at heart while the Biden administration, alongside Senator Elizabeth Warren – who authored legislation that has been purported as anti-crypto – is actively harming the crypto community.
“If you want someone to testify who actually represents the interests of token holders –not crypto companies – and who has taken on the SEC and who’s helped expose just how much Gary Gensler does NOT protect investors – I volunteer my services.
I represented 75,000 XRP holders as amicus counsel in the Ripple case and I was amicus counsel in the LBRY.com case and I represent over 5,000 Coinbase customers related to the SEC suit against Coinbase – you know, the company the SEC approved to go public and then 2 years later sued claiming the entire business model is illegal.
If you want the American public to learn what Gary Gensler and the Biden/Warren Administration is doing to harm everyday regular Americans, let me know.”
XRP is trading for $0.585 at time of writing, a 1.74% increase during the last 24 hours.
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Featured Image: Shutterstock/Andres Sonne
