{"id":143264,"date":"2024-11-26T12:00:11","date_gmt":"2024-11-26T10:00:11","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143264"},"modified":"2024-11-26T02:11:18","modified_gmt":"2024-11-26T00:11:18","slug":"criticism-mounts-against-sec-chair-gensler-over-alleged-ties-to-sam-bankman-fried","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/criticism-mounts-against-sec-chair-gensler-over-alleged-ties-to-sam-bankman-fried\/","title":{"rendered":"Criticism Mounts Against SEC Chair Gensler Over Alleged Ties to Sam Bankman-Fried"},"content":{"rendered":"<p>His remarks were made following the SEC\u2019s announcement of a record-breaking year for financial penalties in its enforcement actions for fiscal year 2024.<\/p>\n<p>In a recent <strong><a href=\"https:\/\/x.com\/JohnEDeaton1\/status\/1861134397711491243\" target=\"_blank\" rel=\"nofollow\">post<\/a> <\/strong>on X, Deaton took aim at Gensler\u2019s private meetings with Bankman-Fried, contrasting them with the SEC\u2019s refusal to grant similar meetings to major U.S. crypto figures, including Coinbase CEO Brian Armstrong and Kraken founder Jesse Powell.<\/p>\n<p>Deaton suggested that such actions reflected a troubling bias within the SEC and accused the agency of showing favoritism toward the FTX founder.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/hong-kongs-largest-digital-bank-launches-retail-crypto-trading\/\" title=\"Hong Kong\u2019s Largest Digital Bank Launches Retail Crypto Trading\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/10\/hongkong-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Hong Kong\u2019s Largest Digital Bank Launches Retail Crypto Trading<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Further fueling his critique, Deaton pointed out that Bankman-Fried\u2019s substantial political donations, totaling $10 million, might have played a role in his access to regulatory discussions.<\/p>\n<p>The lawyer implied that these financial contributions could have influenced the SEC\u2019s favorable treatment of FTX, particularly in contrast to the more stringent stance taken against U.S.-based crypto firms.<\/p>\n<p>Deaton\u2019s comments come at a time when Gensler has announced that he will step down from his role as SEC Chair on January 20, 2025, coinciding with the anticipated inauguration of Donald Trump as the 47th president of the United States.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>John Deaton, a prominent lawyer known for his advocacy in the XRP case, has raised concerns over the apparent closeness between SEC Chair Gary Gensler and FTX founder Sam Bankman-Fried (SBF).<\/p>\n","protected":false},"author":9,"featured_media":33204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-143264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Criticism Mounts Against SEC Chair Gensler Over Alleged Ties to Sam Bankman-Fried<\/title>\n<meta name=\"description\" content=\"John Deaton, a prominent lawyer known for 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