{"id":3365,"date":"2024-11-27T13:02:22","date_gmt":"2024-11-27T13:02:22","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3365"},"modified":"2024-11-27T13:02:22","modified_gmt":"2024-11-27T13:02:22","slug":"pro-xrp-lawyer-calls-out-sec-for-soft-approach-toward-bankman-fried","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3365","title":{"rendered":"Pro-XRP Lawyer Calls Out SEC For Soft Approach Toward Bankman-Fried"},"content":{"rendered":"
\n

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<\/a> with the founder of an offshore crypto exchange.<\/p>\n

Unequal Treatment?<\/strong><\/h2>\n

Jonhn Deaton questioned the special linkage of the SEC Chair to FTX founder Sam Bankman-Fried, believing that Gensler had issued a favorable ruling<\/a> to the offshore cryptocurrency exchange firm.<\/p>\n

The lawyer exposed that a US regulatory official has granted private meetings with Sam Bankman-Fried while denying other crypto firms\u2019 requests for a formal meeting with him.<\/p>\n

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.<\/p>\n

\n

How about you release all the correspondence and notes related to your private meetings with the Bernie Madoff of Crypto \u2013 @SBF_FTX<\/a>.
\nWhy were you meeting with the CEO of an offshore exchange while denying American CEOs like @brian_armstrong<\/a> and @jespow<\/a> meetings? Did the $10M that\u2026 https:\/\/t.co\/BxnVtx59yw<\/a><\/p>\n

\u2014 John E Deaton (@JohnEDeaton1) November 25, 2024<\/a><\/p>\n<\/blockquote>\n

The pro-crypto lawyer demanded transparency from Gensler, asking him to reveal the content of his discussion with the FTX founder.<\/p>\n

\u201cHow about you release all the correspondence and notes related to your private meetings with Bernie Madoff of Crypto \u2013 @SBF_FTX,\u201d Deaton said in a post.<\/p>\n

A netizen responded to Deaton\u2019s post by asking Gensler why Bankman-Fried was \u201cthe only one getting not just one impossible meeting\u201d with the SEC head but two to three meetings allegedly done in secret.<\/p>\n

<\/p>\n

@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.<\/p>\n

Deaton explained that Gensler\u2019s actions suggested his inclination with the FTX founder, losing the supposedly equal treatment among crypto firms.<\/p>\n

Political Donation<\/strong><\/h2>\n

Deaton said that Bankman-Fried has given \u201csubstantial political donations\u201d which might have helped the FTX founder gain access to the SEC for regulatory discussions.<\/p>\n

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, \u201cWas that your price? $10M?\u201d<\/p>\n

Deaton hinted that the donation might have helped FTX to get favorable treatment from SEC, a contrast to Gensler\u2019s tough behavior towards most of the American crypto companies.<\/p>\n

Gensler To Step Down<\/strong><\/p>\n

Gensler announced that he would resign<\/a> from his post at the US regulatory office in January next year, coinciding with the inauguration of President-elect Donald Trump who pledged during the campaign to sack Gensler from the SEC upon returning to the White House.<\/p>\n

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 that will allow the digital asset sector to grow.<\/p>\n

Featured image from Pixabay, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3365","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3365"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3365\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}