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John Deaton Highlights 4 Key Actions New US SEC Must Take

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4 months ago

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Pro-XRP lawyer John Deaton has outlined four key reforms he believes the incoming U.S. Securities and Exchange Commission (SEC) Chair, Paul Atkins, must implement to improve crypto regulation. Deaton, a strong critic of the SEC leadership under Gary Gensler, called for changes to make the agency more transparent toward the crypto industry.

John Deaton Urges Immediate Reforms at SEC, Calls for Action from Paul Atkins

In a recent blog post on X, John Deaton emphasized the urgent need for reform at the SEC, particularly under the leadership of Paul Atkins. Deaton called on Atkins to take decisive action on Day 1, starting with the firing of individuals involved in the Debt Box fiasco. 

He pointed to the necessity of removing officials who had engaged in misconduct under Gensler’s leadership. Deaton stressed that if Atkins doesn’t take immediate steps to replace certain SEC personnel, it would indicate he was not the right choice for the role.

The Pro-XRP lawyer stated,

“If Paul Atkins doesn’t fire, or at least demote, certain individuals and completely dismantle – that is, do away with – the crypto unit, he’s not the right pick. Period!”

Deaton also highlighted the importance of reshaping the SEC’s leadership to better align with a pro-crypto agenda. He argued that Paul Atkins should not inherit the appointments made by Gensler, stating that a fresh perspective was needed. 

This includes appointing individuals who can foster a balanced regulatory environment that supports innovation while protecting investors. Deaton’s comments reflect a broader desire for a leadership change within the agency, particularly after Gensler’s tenure.

However, earlier on, the XRP lawyer expressed support for the new SEC Chair, Paul Atkins, praising his pro-crypto stance and commitment to reducing regulatory burdens. Deaton emphasized that Atkins’ leadership would restore balance and transparency to the SEC

Crypto Unit Dissolution Proposal

In his call for reform, John Deaton advocated for the complete disbandment of the SEC’s crypto unit. He argued that the existence of a separate crypto unit was unnecessary and that the SEC should instead operate a general fraud unit that handles all types of fraud. Deaton emphasized that this change would streamline regulatory efforts and prevent overreach by the agency.

Deaton also suggested that Paul Atkins make clear on Day 1 that decentralized finance (DeFi) and self-custody should not fall under the SEC’s jurisdiction. 

In addition, Ripple CEO Brad Garlinghouse expressed strong support for the new US SEC Chair. Garlinghouse echoed John Deaton’s sentiments regarding the need for clearer regulations and less hostility toward the crypto industry.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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XRP Price to $27? Expert Predicts Exact Timeline for the Next Massive Surge

Published

2 hours ago

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April 1, 2025

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Crypto expert Egrag Crypto has again predicted that the XRP price could rally to as high as $27. The analyst has also revealed the exact timeline for when the altcoin could record this massive price surge.

Expert Reveals Time For XRP Price To Hit $27

In an X post, Egrag Crypto asserted that the XRP price can hit $27 in 60 days. The expert remarked that historical patterns indicate that the altcoin can reach this target within this timeframe.

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Based on this price prediction, XRP could reach this $27 target by June, marking a 1,250% gain for Ripple’s native crypto. The expert’s accompanying chart showed that he was alluding to the 2017 bull run as to why the altcoin could record such a parabolic rally.

In 2017, XRP recorded a historic gain of over 60,000% as it rallied to its current all-time high (ATH) of $3.8 the following year. As such, based on history, a 1,250% increase is nothing for the altcoin.

In the meantime, the XRP price still boasts a bearish outlook thanks to the sentiment in the broader crypto market. As CoinGape reported, Ripple’s coin could drop to the next major support levels at $1.79 and $1.56 if it fails to hold above $2.03.

Decision Time For The Altcoin

In an X post, crypto analyst CasiTrades stated that it is decision time for the XRP price. She noted that the altcoin is showing strength with a bounce right back to the first key test at $2.17. She added that this is the resistance level she wants to see flip into support, as it might be the “most important price of the week.”

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The analyst stated that XRP must reclaim this level to build momentum. She added that the $2 level remains a valid target if the $2.17 level rejects. Meanwhile, CasiTrades revealed that $2.70, $3.05, and $3.80 are the major resistance zones once the upward trend is confirmed.

The analyst also mentioned that the XRP price is now fully inside the Fibonacci Time Zone 3, which spans most of April. She affirmed that this is the breakout window market participants have been preparing for and that all signs point to a macro wave.

CasiTrades affirmed that the structure is clean. The RSI divergence has confirmed the bottom, while the subwaves are aligning well with the larger targets. If the next leg pushes XRP back above $2.17 with momentum, she claimed that market participants may finally see obvious signs of Wave 3. Interestingly, the analyst added that if the altcoin clears $2.70 this week, it may break the $1,000 price extension.

For now, investors may remain cautious, especially seeing how XRP fell after the PMI and JOLTS data release earlier today. Donald Trump is also set to announce reciprocal tariffs tomorrow, which could spark a massive price crash.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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ChatGPT To Launch Next Big Model, New Studio Ghibli Ahead?

Published

18 hours ago

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April 1, 2025

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OpenAI, the firm behind ChatGPT, has disclosed its plans to introduce a new open-weight language model in the coming months. 

This will be the firm’s first open-weight release since GPT-2, a decision that had been delayed due to other priorities but now feels essential. Per the update, the novel model is expected to bring strong reasoning capabilities and provide simplicity for developers and organizations.

From OpenAI ChatGPT to Sora

It is worth mentioning that Sam Altman, OpenAI’s CEO, shared the news on X, expressing excitement about making the model highly effective. More importantly, this announcement follows OpenAI’s history of launching novel AI products. 

Since the release of ChatGPT in 2022, the tool has become widely used for text-based tasks. This Large Language Model transformed how people from different parts of the world interact with artificial intelligence. 

As reported by CoinGape, In 2024, OpenAI introduced Sora, an advanced video generation model. In addition, the release of voice Chat further improved AI’s role by allowing seamless spoken interactions.

Interestingly, these notable innovations have redefined how AI integrates into daily life. Now, OpenAI is moving toward open-weight models. This will allow greater customization. 

For example, businesses, developers, and governments that prefer self-hosted AI solutions will be able to modify the model for specific needs. This new project could lead to wider adoption and new applications across various industries.

Before releasing the project to the public, OpenAI seeks developers’ input through a series of sessions. 

According to Sam Altman, the events will begin in San Francisco, followed by meetings in Europe and the Asia-Pacific region. As detailed, developers will gain early access to prototypes, providing insight into potential applications.

Altman confirmed that OpenAI will evaluate the model using its preparedness framework. Since open-weight models can be altered post-release, additional security measures will be implemented. 

By involving developers early, OpenAI intends to fuse innovation and responsibility. This will ensure that the model is both effective and safe for people to use.

Another Studio Ghibli Trend Ahead?

It is important to add that AI-generated Studio Ghibli-style artwork has shown how artificial intelligence can shape creative industries.  

For context, when OpenAI added image generation to ChatGPT-4o, people started making Studio Ghibli-style portraits, and the trend quickly spread. Even Elon Musk joined the Ghibli trend. Still, this new trend has raised certain questions about the future of creative art.

Still, with OpenAI’s new model on the way, another wave of AI-generated content could take off. As AI keeps improving, it may bring new ways for people to create and share.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Japan Set To Classify Cryptocurrencies As Financial Products, Here’s All

Published

2 days ago

on

March 30, 2025

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Cryptocurrency investors in Japan are bracing for impact following a plan to reclassify digital assets as financial products. While the plan has elicited excitement from cryptocurrency enthusiasts in the Far East, the ambitious plan will have to scale several legislative hurdles.

Japan Targets Reclassification Of Cryptocurrencies As Financial Products

According to a report by Nikkei, Japan’s Financial Services Agency (FSA) is inching toward classifying cryptocurrencies as financial products. Per the report, the FSA intends to achieve the reclassification via an amendment to the Financial Instruments and Exchange Act.

Currently, digital assets in Japan are considered crypto assets conferred with property rights and seen as payment means. Under the FSA’s plans, cryptocurrencies in Japan will be treated as financial products in the same manner as traditional financial products.

The FSA says it will adopt a slow and steady approach toward the reclassification, carrying out “a private expert study group” to test the waters. If everything goes according to plan, the FSA will submit the amended bill to Parliament in early 2026.

The classification of cryptocurrencies as financial products will have far-reaching consequences for the local ecosystem. Experts say treating cryptocurrencies as financial products will bring Japan closer to a crypto ETF launch amid a changing regulatory landscape.

Furthermore, the move may lower current cryptocurrency taxation for local investors since existing capital market rules will apply to the asset class.

A Fresh Bill For Crypto Insider Trading Is Underway

Apart from the reclassification, the FSA disclosed plans for new legislation against insider trading. The move flows treating cryptocurrencies as financial products and will strengthen existing investor protection rules.

“It is a direction to establish a new insider trading regulation that prohibits trading based on unpublished internal information,” said the FSA. “We will develop laws to prevent unfair transactions.”

However, Japan’s cryptocurrency scene is heating up to a boil, driven by local and international players. Last week, stablecoin issuer Circle secured approval from the FSA for USDC with top exchanges set to list the stablecoin.

Japan’s Metaplanet has tapped Eric Trump to join its Strategic Board of Advisors as it continues to load up Bitcoin.

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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