A prominent figure in the cryptocurrency community, Deaton, is calling for a Congressional subpoena of SEC Chairman Gensler due to alleged non-compliance. Deaton has taken to the X platform to express his concerns and has urged public figures such as Elizabeth Warren and Senator Sherrod Brown to fulfill their oversight responsibilities.
Deaton’s criticism of Gensler’s stance on investor protection is particularly significant in light of the SEC’s lawsuit against Coinbase. This apparent contradiction has sparked discussions within the crypto community about the regulator’s consistency and commitment to safeguarding investor interests.
An upcoming hearing scheduled for January 10, 2024, titled “Regulatory Whiplash: Examining the Impact of FSOC’s Ever-Changing Designation Framework on Innovation,” will address the risks associated with cryptocurrencies. The focus of the hearing will be on regulating crypto spot markets and stablecoins, with the aim of comprehensively exploring these issues and potentially influencing cryptocurrency regulation and fostering innovation.
If given the opportunity to testify at the hearing, Deaton’s insights could provide a unique perspective representing cryptocurrency holders, who are often overlooked in regulatory discussions. With his experience and vocal stance on these matters, Deaton’s testimony could significantly contribute to understanding the complex dynamics between innovation, regulation, and investor protection in the digital asset realm. However, there has been no response from McHenry regarding Deaton’s offer at this time.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | |
| Sentiment | very positive |
| Relevance Score | 1 |
| People | Deaton |
| Companies | FSOC, Coinbase, SEC |
| Currencies | None |
| Securities | None |
