XRP Army wants to pressure the SEC through Joe Rogan podcast

In an effort to fight the SEC, the XRP Army is rallying support so that Attorney John Deaton can appear on the Joe Rogan podcast.

Attorney Deaton is a prominent figure in opposing the SEC’s lawsuit against Ripple. He is known for his role through the Amicus Curiae proposal for 65,000 XRP holders, allowing investors the opportunity to voice their opinions in court.

XRP Army continues to attack

The US securities regulator sued Ripple in December 2020, accusing the company of selling $1.3 billion in unregistered securities over seven years.

But before the trial began, the SEC was increasingly showing that it behaved unfairly. The main argument centered on the agency picking winners and losers by treating XRP as a security while letting loose for Ether and Bitcoin.

In it, former acting SEC Director Marc Berger, affiliated with the Enterprise Ethereum Alliance and former SEC Director, William Hinman, once stated that Bitcoin and Ether are not securities.

Hinman now claims this comment is his personal opinion and should not be viewed as legal guidance.

With events related to the two characters above, Attorney Deaton will have an hour-long conversation if he appears on the podcast.

However, for this to happen, the XRP community needs to have enough support from the community to be able to contact the Rogan production team.

Over the years, Rogan, the UFC commentator, has chatted with many of his signature celebrities. He himself has built an engaging, consistent portfolio of content that few can match.

There have been many detractors of Rogan, and while America is politically divided, speaking out in favor of Trump over Biden (in April 2020) has shown him to be a far-right fervor. If this is the strategy the XRP Army is aiming for, they will probably need to put their political differences aside.

Despite losing the number one podcast spot on Spotify, Joe Rogan Experience still reaches 11 million viewers per episode.

Although the SEC is accused of going to war with cryptocurrencies, the agency maintains that the legal action against Ripple is to enforce fundamental safeguards for the market system.

SEC Continues to Reject Valkyrie and Kryptoin’s Spot Bitcoin ETF

The biggest year for crypto is coming to an end, and it seems unlikely that a spot Bitcoin ETF will come out in the face of the SEC’s rather cautious attitude.

23, the SEC went on to veto two proposals to offer spot Bitcoin ETFs by the Valkyrie Bitcoin Fund and the Kryptoin Bitcoin ETF Trust, dealing a blow to investors who had hoped the agency would turn on green light for this landmark endeavor.

According to the application published by the SEC, the Valkyrie and Kryptoin spot Bitcoin ETF was rejected on the same grounds cited in previous rejections. Typically the case of VanEck mid-November.

Notably, the SEC noted that NYSE Arca and Cboe, exchanges that submitted proposed rule changes for listing and trading Valkyrie and Kryptoin products respectively, failed to demonstrate that the proposals their compliance with the requirements of the US Securities Act.

The Commission further explained that this includes in particular the requirement that the rules of a national stock exchange be designed to prevent fraudulent and manipulative practices and practices and to protect investors. investment and public interest. This is also what SEC Chairman Gary Gensler has always focused on since taking office.

However, the SEC approved three Bitcoin futures ETFs in October, pegged to the Chicago Mercantile Exchange (CME) derivatives markets, including the ProShares Bitcoin Strategy ETF (BITO), The Valkyrie Bitcoin Strategy ETF (BTF), and The Valkyrie Bitcoin Strategy ETF (BTF). ) and VanEck’s Bitcoin.

However, there are still glints of hope that could be of interest next year, when a ruling regarding the Skybridge Bitcoin ETF will be announced by January 22, while the Fidelity’s Wise Origin Bitcoin ETF is decided. determined 1 week later. In addition, the results of applications from leading crypto asset managers Bitwise and Grayscale were deferred by the SEC for 45 days last week.