• Yesterday, SEC Chairman Gary Gensler was shunned in Congress after being questioned by Senator Kennedy about FTX.
• Professional-XRP cryptocurrency lawyer John Deaton believes it is a farce, saying “elected officers are dancing for the individuals.”
• XRP is presently buying and selling at $0.8217 after a 4.20% value enhance over the previous 24 hours.

Professional-XRP crypto lawyer John Deaton took to Twitter right this moment to touch upon a extensively circulated video exhibiting SEC Chairman Gary Gensler being shot in Congress by Senator Kennedy. Deaton, nonetheless, didn’t consider the senators’ questions, saying that “the elected representatives are dancing for the individuals.”

Legal professionals mentioned Senator John Kennedy knew Gensler was assembly with Sam Bankman-Fried however kept away from asking the query he ought to have requested. “Why do not you ask Gensler if it is true that rumors have been true that he was near signing a short-term contract with SBFraud?” the lawyer requested.

Deaton additionally puzzled if Gensler meant at hand over memos, emails and correspondence relating to those conferences with Bankmann-Fried. Bankman-Fried and Gensler have been contemporaries earlier than the FTX crash, and the chairman is believed to have shielded the change from regulatory scrutiny.

Why not ask Mr. Gensler why he targeted on non-fraud instances like @LBRYcom and @Ripple as a substitute of massive scams and pump-and-dump schemes?

Deaton added that Kennedy merely “wished to listen to the cows popping out of the barn.” The lawyer known as on supporters to notice that Gensler had commented that he had loved a personal assembly with Kennedy earlier than he testified. “It is all about singing and dancing. What I am attempting to say is that these politicians are just about the identical no matter whether or not their names are preceded by a D or an R.”

Whereas this brought about an uproar within the cryptocurrency trade, Choose Analisa Torres’ ruling that XRP just isn’t a safety didn’t sit properly with Gensler. The SEC chairman mentioned he was upset with the choose’s choice. In the meantime, Ripple CEO Brad Garlinghouse expressed his gratitude following the historic win for his firm and your complete U.S. crypto trade.

In the meantime, in keeping with knowledge from CoinMarketCap, XRP is presently buying and selling at $0.8217 after a 4.20% value enhance over the previous 24 hours. Along with this, remittance tokens have additionally continued to develop by over 74% over the past week.