Pro-XRP lawyer John Deaton has pointed out a contradiction in the Securities and Exchange Commission’s (SEC) stance regarding the Coinbase rulemaking dispute. Deaton highlighted that the SEC’s position directly contradicts the statements made by the SEC chair during his congressional testimony in 2023. This discrepancy raises concerns about the consistency and transparency of the SEC’s approach to regulation. Deaton’s observation adds to the ongoing debate surrounding the SEC’s handling of cryptocurrencies, particularly XRP. The discrepancy between the SEC’s stance in the Coinbase rulemaking dispute and the chair’s previous statements underscores the need for clarity and coherence in regulatory actions within the cryptocurrency industry.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinSEC accused of ‘gaslighting’ in Coinbase rulemaking dispute