Pro-XRP
Lawyer Calls Out SEC For Soft Approach Toward Bankman-Fried
Pro-XRP Lawyer Calls Out SEC For Soft Approach Toward Bankman-Fried
by Christian Encila
3 minutes ago
in Crypto News
0
A pro-XRP lawyer lambasted SEC Chair Gary Gensler for not being fair with all
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта platforms, accusing Gensler of favoring some entities. The
Securities and Exchange Commission official was scrutinized as his critics
discovered that he had private meetings with the founder of an offshore crypto
exchange.
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Ignites Crypto World
Unequal Treatment?
Jonhn Deaton questioned the special linkage of the SEC Chair to FTX founder
Sam Bankman-Fried, believing that Gensler had issued a favorable ruling to the
offshore cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта exchange firm.
The lawyer exposed that a US regulatory official has granted private meetings
with Sam Bankman-Fried while denying other crypto firms’ requests for a formal
meeting with him.
Several crypto executives such as Kraken founder Jesse Powell and Coinbase CEO
Brian Armstrong had requested an audience with the SEC head. However, Gensler
refused to meet with them, indicating that players in the digital asset
industry are treated unequally.
How about you release all the correspondence and notes related to your private
meetings with the Bernie Madoff of Crypto @SBF_FTX .
Why were you meeting with the CEO of an offshore exchange while denying
American CEOs like @brian_armstrong and @jespow meetings? Did the $10M that…
https://t.co/BxnVtx59yw
— John E Deaton (@JohnEDeaton1) November 25, 2024
The pro-crypto lawyer demanded transparency from Gensler, asking him to reveal
the content of his discussion with the FTX founder.
“How about you release all the correspondence and notes related to your
private meetings with Bernie Madoff of Crypto @SBF_FTX,” Deaton said
in a post.
A netizen responded to Deaton’s post by asking Gensler why Bankman-Fried was
“the only one getting not just one impossible meeting” with the SEC head but
two to three meetings allegedly done in secret. Total crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта cap
currently at $3.15 trillion. Chart: TradingView
@TheSaintsNation added that another crypto firm, Ripple, was only asking for
clarification and guidance from the SEC but got charged with a four-year
lawsuit.
Deaton explained that Gensler’s actions suggested his inclination with the FTX
founder, losing the supposedly equal treatment among crypto firms.
Political Donation
Deaton said that Bankman-Fried has given “substantial political donations”
which might have helped the FTX founder gain access to the SEC for regulatory
discussions.
The crypto lawyer asked Gensler if the $10 million that Bankman-Fried had
donated to the administration allowed the FTX founder to talk with regulators,
saying, “Was that your price? $10M?”
Deaton hinted that the donation might have helped FTX to get favorable
treatment from SEC, a contrast to Gensler’s tough behavior towards most of the
American crypto companies.
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What’s Behind The Move?
Gensler To Step Down
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With the impending resignation of Gensler, Deaton said that Brad Bondi could
be an excellent replacement for Gensler in the regulatory post, saying there
is a need to craft a clear and fair policy on cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта that will allow
the digital asset sector to grow.
Featured image from Pixabay, chart from TradingView