<ul><li>In a recent tweet, John Deaton criticized SEC Chairman Gary Gensler, disregarding his stance on crypto regulation.</li><li>Gary Gensler defended the SEC&#39;s strict regulatory approach for crypto platforms during his testimony in April.</li><li>Deaton called Gensler a &#34;bad faith regulator&#34;, adding that the Biden administration may eventually view him as a political liability.</li></ul>In a recent tweet,  John Deaton, the renowned legal expert representing XRP, has referenced an older interview with Gary Gensler, where the latter’s response to a question is being criticised by the community. Deaton criticized Gensler for his apparent disregard for the law, emphasizing that when referring to &#34;Any Court,&#34; it encompasses even the Supreme Court, which is considered the highest legal authority in the United States.Deaton accused Gensler and others like him of inherent arrogance and the belief that they are beyond legal constraints, ultimately labelling Gensler as a real-life example of a megalomaniac.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/9c77103e1d9f41e5b6c9fff4f2a099c3.png" />According to Gensler, crypto platforms are just one class of intermediaries that must abide by the law. However, some platforms have already stated that they run the risk of leaving the US market.In a testimony before the House Financial Services Committee held in <a href="https://www.sec.gov/news/testimony/gensler-testimony-house-financial-services-041823" rel="noopener noreferrer nofollow">April</a>, Chairman Gary said that the agency would continue to insist that crypto platforms comply with the strict laws imposed, as anticipated by the community. This unwavering statement of Gary faced criticism from the committee&#39;s Chairman, Patrick McHenry.Read full article a<a href="https://cryptotale.org/john-deaton-slams-gary-gensler-as-a-real-life-megalomaniac/" rel="noopener noreferrer nofollow">t CryptoTale.</a>

John Deaton Slams Gary Gensler as a Real Life Megalomaniac

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