CNBC is facing criticism for not reporting on the Securities and Exchange Commission’s actions against XRP retail investors. Attorney John Deaton, representing over 75,000 XRP investors, is questioning the news channel’s coverage and if former SEC head Jay Clayton’s new role at CNBC is influencing their reporting. The SEC has filed charges against Ripple, alleging they conducted an unregistered securities offering by selling XRP. Deaton believes that someone with Clayton’s background should provide unbiased reporting based on facts.
AI Sentiment: Negative
