Pro-XRP Lawyer Calls Out SEC For Soft Approach Toward Bankman-Fried
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A pro-XRP lawyer lambasted SEC Chair Gary Gensler for not being fair with all cryptocurrency 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. 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 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 cap currently at $3.15 trillion. Chart: TradingView @TheSaintsNation added that another crypto firm, Ripple, was only asking for…
Filed under: News - @ November 27, 2024 1:19 pm