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XRP Lawyer John Deaton Slams Sen Warren’s Bill To Overturn Chevron Ruling – Crypto News

Published

12 months ago

July 23, 2024

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XRP lawyer John Deaton slams Democratic senators seeking to introduce legislation to overturn a Supreme Court ruling on Chevron deference that limited US federal regulators such as the SEC’s powers. Senator Warren is leading Democrats to introduce a bill to restore the Chevron deference.

John Deaton Hits Back At Senator Warren

John Deaton, pro-XRP lawyer and Massachusetts Senate candidate, lambasts Senator Elizabeth Warren for continuing her anti-crypto stance. He agrees to debate with Elizabeth Warren on Chevron ruling, and other topics including relation with SEC Chair Gary Gensler, and promoting corruption in U.S. politics.

“She conspired with Gensler, an unelected bureaucrat (aka political hack), to fabricate testimony in order for her to later rely on his testimony as a so-called “expert” in the field.” She gave him not only the questions she intended to ask but gave Gensler the answers she expected him to provide,” added John Deaton.

The move comes as Senator Warren set to introduce a bill and seek Democrats’ support to restore the powers of federal agencies under the Chevron deference. It provides agencies freedom to interpret the law when they issue regulations under statutes that are ambiguously written.

Also Read: VanEck Advisor Flags Risk of Coinbase As Majority Ethereum ETF Custodian

Democrats Plans To Roll Back Chevron Ruling

Democratic senators will introduce a legislative bill in the U.S. Senate on Tuesday to reverse a Supreme Court ruling that overturned the 40-year Chevron precedent. Senator Warren’s bill is supported by nine other Democratic senators as well as Senator Bernie Sanders. John Deaton believes the Congress need to implement term limits.

“Giant corporations are using far-right, unelected judges to hijack our government and undermine the will of Congress,” Warren said in a statement Tuesday.

This will be the second attempt by Democrats, after a House measure by Rep. Pramila Jayapal. However, Republicans are in support of the latest Supreme Court ruling to overturn the Chevron deference. In addition, the bill has much less odds of becoming a law during this Congress.

With Donald Trump’s chances of winning this presidential election, Senator Warren and SEC Chair Gensler have less chance to influence regulators to tighten antic-crypto stance. Moreover, Gary Gensler is expected to resign in January or February 2025, despite his term officially ending in June 2026.

Also Read: OKX To Delist XRP, SHIB, ADA, & 27 Crypto In BTC and ETH Pairs

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