United

Chair

Bitcoin

Pro-XRP Attorney Deaton criticizes the former SEC Chair for lack of regulatory clarity in the US as talks erupt over spot Bitcoin ETF approvals. 
In a fiery exchange on Twitter, John Deaton, the renowned XRP advocate and founder of Crypto-Law.us, did not hold back in expressing his discontent with the opinion of former SEC Chairman Jay Clayton regarding&nbsp; <a class="editor-rtfLink" href="https://thecryptobasic.com/2023/07/03/pompliano-says-bitcoin-is-best-performing-asset-wall-street-demands-access-while-sec-faces-etf-approval-dilemma/" target="_blank" rel="noopener">regulatory approvals </a>. 
Specifically, Clayton said on live TV that spot Bitcoin exchange-traded funds (EFTs)&nbsp; <a class="editor-rtfLink" href="https://thecryptobasic.com/2023/07/10/it-will-be-challenging-to-resist-approving-a-bitcoin-spot-etf-says-ex-sec-chairman/" target="_blank" rel="noopener">are worthy of approvals </a>&nbsp;from the US Securities and Exchange Commission (SEC), given that institutions no longer see a difference between the futures and spot markets. 
In response, Deaton fired that the former SEC chairman is culpable for the regulatory hiccups plaguing the crypto industry, particularly on American soil. In Deaton’s words:&nbsp; 
“Sorry, but Jay Clayton deserves significant blame for the lack of regulatory clarity existing in the United States today.” 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6d1.png" alt="🛑" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/ewuEDiw9uK">https://t.co/ewuEDiw9uK</a> 
 <a href="https://twitter.com/JohnEDeaton1/status/1678444991708897289?ref_src=twsrc%5Etfw">July 10, 2023</a> 
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<h2 id="span-data-preserver-spaces-true-crypto-community-supports-the-clayton-backlash-span">Crypto Community Supports the Clayton Backlash </h2>
Deaton’s strong statement quickly garnered support from pro-crypto Twitter users who shared their criticisms of Clayton. One user&nbsp; <a class="editor-rtfLink" href="https://twitter.com/Creaturesxkb/status/1678455661208772638?s=20" target="_blank" rel="noopener">pointed </a>&nbsp;out that Clayton&nbsp; <a class="editor-rtfLink" href="https://thecryptobasic.com/2023/06/29/xrp-community-smashes-jay-clayton-for-speaking-against-sec-enforcement-actions-after-introducing-ripple-lawsuit/" target="_blank" rel="noopener">filed a major lawsuit </a>&nbsp;and abruptly left his position, leaving a cloud of uncertainty behind.&nbsp; 
A Bitcoin maximalist&nbsp; <a class="editor-rtfLink" href="https://twitter.com/Paul04Trader/status/1678487775077625861?s=20" target="_blank" rel="noopener">chimed </a>...
<a href="https://thecryptobasic.com/2023/07/11/pro-xrp-attorney-slams-former-sec-chairman-for-lack-of-regulatory-clarity-in-us/">Read more</a>

Pro-XRP Attorney Slams Former SEC Chairman for Lack of Regulatory Clarity in US

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