Yesterday, the pro-XRP legal sector characterized a recent loss by the United States Securities and Exchange Commission (SEC) in its efforts to regulate the cryptocurrency sphere as a significant blow. On Tuesday, the 30th of January, the U.S. Securities and Exchange Commission (SEC) declared its plan to drop the well-known lawsuit it had initiated against the cryptocurrency company DEBT Box. Initially, the SEC had charged DEBT Box with swindling investors by selling securities that had not been registered, involving almost $50 million. However, in a surprising development, the SEC moved to retract its legal action. The choice was made after a sequence of occurrences where the SEC risked punishment from Judge Robert Shelby of the Northern Division District Court of Utah for allegedly providing the court with false information. The XRP legal community has responded to this development. John E. Deaton, a leading lawyer within the XRP supporter community, expressed his disapproval of how the SEC managed the lawsuit. He asserted, “The responsibility for this shame rests with your guidance, Gary Gensler, or rather, your failure to lead. Deaton highlighted a series of dubious legal tactics employed by the SEC, such as their handling of the Ripple lawsuit and the rejection of the Grayscale Bitcoin ETF. He underlined that the outcomes in these situations ought to have led to a reevaluation of the SEC’s methods. Nonetheless, he critiqued that the regulatory body persisted in its actions with total indifference to accuracy and fairness. ” He added:. Despite such astonishing revelations – discoveries that would typically cause great discomfort and shame for any attorney or executive – the lawyers of your agency persisted in behaving as if the truth and justice were of no consequence to them.