Brad Bondi, Dan Gallagher, and Bob Stebbins are the top contenders John Deaton predicts will succeed Gary Gensler as the Chair of the United States SEC.
John Deaton, a former Massachusetts Senate candidate and pro-crypto lawyer, has disclosed his candidate for the Chair of the Securities and Exchange Commission position. Possible candidates for the position of SEC Chair include Brad Bondi, Paul Atkins, Dan Gallagher, and Bob Stebbins. It is worth noting that Gary Gensler, a crypto-critic, has expressed a desire to resign from the position of SEC Chair as President-elect Donald Trump establishes a pro-crypto administration.
John Deaton, a pro-XRP lawyer, endorses Brad Bondi as the United States Securities and Exchange Commission Chair
John Deaton, the attorney representing more than 75,000 XRP holders, has identified Brand Bondi as his top choice for the position of US SEC Chairman. He has considered the perspectives of Fox Business journalist Eleanor Terrett and former SEC Enforcement Chief John Reed Stark regarding the list of contenders, including Brad Bondi, Paul Atkins, Dan Gallagher, and Bob Stebbins.
“The implication was that I believed BRAD BONDI to be the right choice. However, I did not come out at say it publicly because I needed to do my own research and not just rely on John Stark’s analysis.”
He thinks that SEC General Counsel Bob Stebbins is “not the solution” to the goals of Donald Trump, Howard Lutnick, Vivek Ramaswamy, and Elon Musk. Former SEC Chair Jay Clayton supports Stebbins but does not align with the crypto-friendly Trump administration. Stebbins authorized the Ripple lawsuit, which included filing lawsuits against Brad Garlinghouse and Chris Larsen.
The Probability of Gary Gensler Being Replaced by Paul Atkins or Dan Gallagher
According to John Deaton, the former SEC Commissioners Paul Atkins and Dan Gallagher “do not represent genuine change.” Wall Street and the central banks will be the only ones to welcome Atkins’s nomination to succeed Gary Gensler as SEC Chair. However, this is separate from Trump’s plan to establish cryptocurrency as a fundamental component of the economic agenda.
Atkins and Gallagher hold the SEC in high regard, as per John Reed Stark, and they will adopt a traditional, cautious approach. Nevertheless, Donald Trump’s administration will not adopt a conventional, careful approach to government agencies. “The SEC in the United States should be no exception,” stated Deaton.
XRP News: Brad Bondi Comprehends Cryptocurrency
Brad Bondi comprehends the significance of self-custody and that DeFi is not subject to the SEC’s jurisdiction. John Deaton thinks that Gallagher and Atkins are comparable to Bondi, which is advantageous for the XRP community.
As per John Reed Stark, Brad Bondi will transform the SEC from a vilified schoolyard bully to a respected, reflective, and crypto-industry-friendly institution. He will be tough but fair.
The XRP lawyer contends that President Trump’s team must select the appropriate SEC Chair to usher in a new golden era for the crypto market. This could also result in an additional increase in the price of XRP, as it has experienced a 100% increase in the past week. At present, the price of XRP is $1.13.
