John Deaton Calls Out SBF, Alleges Special Treatment From Biden’s Government

by

As a seasoned analyst with over two decades of experience in the financial industry, I find myself compelled to weigh in on the intriguing situation surrounding Sam Bankman-Fried (SBF) and his access to U.S. regulators and politicians.

John Deaton frequently voices concerns about the special favors given to Sam Bankman-Fried, the founder of the now-defunct FTX exchange. In a recent discussion, Deaton expressed that SBF, who leads an offshore exchange embroiled in controversy, managed to gain access to American regulators and politicians in an unconventional way. Deaton further mentioned that SBF benefited from preferential treatment due to his financial contributions to the Biden administration and his close relationships with government officials.

John Deaton Comes For Sam Bankman-Fried

In his latest update on X, John Deaton emphasized once more that Sam Bankman-Fried (SBF), who runs an offshore cryptocurrency exchange, seemed to have exceptional connections with U.S. regulators. Deaton suggests that SBF’s substantial political contributions may have influenced this special treatment he received. To date, SBF has donated a staggering $72 million in politics, $10 million of which went directly to the current administration. This generous giving has sparked whispers about possible regulatory bias.

Deaton points out that SBF had several interactions with significant individuals, among them being SEC Chairman Gary Gensler. As per Deaton’s account, Gensler did indeed meet with Bankman-Fried on more than one occasion; however, it is reported that Gensler declined meetings with American crypto leaders, such as Brian Armstrong, who heads Coinbase.

The attorney representing XRP posits that this inconsistency prompts queries concerning why the SEC preferentially interacted solely with Sam Bankman-Fried (SBF). He contends that such targeted interaction necessitates a closer examination.

Moreover, Deaton urged the Trump administration to investigate these allegations stating,

A clear and definitive approach to put an end to all the gossip and conjecture surrounding SBF, would be to make public all the letters and minutes of meetings concerning him.

Tagging Donald Trump, Musk, and Vivek Ramaswamy, the XRP lawyer added,

Could you kindly delegate the task of spearheading the investigation concerning this matter, as well as potentially Chokepoint 2.0. I am willing to undertake this assignment without compensation, thus helping to reduce costs for our taxpayers.

Sam Bankman-Fried’s Family Ties to Politics Under Scrutiny

Additionally, John Deaton raised an issue: Why haven’t criminal charges been brought against SBF’s parents? The two individuals identified as recipients of misappropriated FTX funds, Joe Bankman and Barbara Fried, have not faced any consequences. He emphasized that the couple are known to have purchased tens of millions of dollars worth of property in the Bahamas, using assets belonging to clients.

John Deaton pointed out that SBF’s parents were politically connected, Joe Bankman was involved in the formulation of Elizabeth Warren’s tax policy. In addition, Barbara Fried supported a progressive PAC, which only strengthened their political connections.

As a dedicated researcher, I’ve been closely following the escalating worries regarding Operation Chokepoint 2.0, a suspected operation that reportedly focuses on cryptocurrency companies. According to John Deaton’s assertions, this initiative appears designed to disrupt banking relationships of businesses linked to the crypto industry.

According to Deaton, Jesse Powell (of Kraken) and Brad Garlinghouse (CEO of Ripple), along with others, have encountered comparable challenges in dealing with American financial entities.

As a result, the lawyer has asked for an examination into Operation Chokepoint 2.0, urging officials such as President-elect Donald Trump to look into it. He proposes that an independent investigator be assigned to delve into this matter. Additionally, Deaton named Nic Carter as a possible candidate to oversee the investigation.

Additionally, Deaton voiced his disapproval towards individuals like Senator Elizabeth Warren, who have faced allegations of advocating for financial institution de-banking activities.

Read More

2024-11-30 23:16