John Deaton said in a recent post on X that he agrees with Ripple CEO Brad Garlinghouse that the U.S. cannot afford “another Gary Gensler moment.” In his post, Deaton argued that the crypto sector’s recent guidance and clarity could be reversed by a future administration unless the protections are secured through legislation.
One thing @bgarlinghouse said to @MariaBartiromo that I completely agree with – is that American companies and our financial markets cannot afford to experience Gensler 2.0. And the only way to guarantee that we don’t – is by passing legislation.
Look, no one despises the… https://t.co/H958StIpRY pic.twitter.com/tOdj4N5wlJ
— John E Deaton (@JohnEDeaton1) March 30, 2026
The remarks frame the issue as a policy risk for the broader crypto industry, not just for one company or token. Deaton’s position is that regulatory clarity remains vulnerable if it depends on agency leadership rather than laws passed by Congress.
What comes next is whether lawmakers move to codify crypto rules in a way that outlasts changes in regulators or administrations. For now, Deaton’s message reinforces Garlinghouse’s warning that the industry wants durable rules, rather than another period shaped by aggressive enforcement under SEC leadership.
Source: John Deaton on X.
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