Not too long ago, XRP holder’s lawyer John E. Deaton has posed a sequence of thought-provoking questions on X, drawing consideration to the obvious silence from Senator Elizabeth Warren amidst a dropped second Sam Bankman-Fried (SBF) trial.
Deaton Questions Sen Warren’s Silence on SBF Trial
Deaton’s first set of questions revolves across the lack of investigation or indictments for Joe Bankman and Barbara Fried, who reportedly owned thousands and thousands of {dollars} in luxurious actual property within the Bahamas allegedly funded by FTX buyer cash. Regardless of her outspoken views on the potential misuse of cryptocurrency, Warren has not publicly addressed these allegations or referred to as for investigations into potential monetary wrongdoings.
As a member of the Senate Banking Committee, Warren is anticipated to conduct oversight over the SEC. Deaton highlighted that regardless of her position and stance on cryptocurrencies, she has not requested notes between SEC Chair Gary Gensler and SBF following their conferences.
Moreover, the lawyer alleges that Sen Warren offered Gensler with pre-prepared questions and solutions for a listening to, none of which addressed Gensler’s a number of conferences with SBF. Deaton challenges Warren’s motivations behind this obvious lack of scrutiny.
Regardless of her stance concerning Crypto, Elizabeth Warren has been silent concerning the shortage of an investigation or indictments for Joe Bankman and Barbara Fried, though they owned thousands and thousands and thousands and thousands of {dollars} in luxurious actual property within the Bahamas paid for by FTX buyer… https://t.co/1RiyA3bcB9
— John E Deaton (@JohnEDeaton1) December 30, 2023
Deaton additionally raises the potential for coordination between Senator Warren and JPMorgan Chase CEO Jamie Dimon, who testified underneath oath that the one use case for crypto is illicit exercise. The lawyer questions whether or not Warren coordinated with Dimon, particularly contemplating JPMorgan’s energetic use of crypto for some cross-border transactions.
Prosecutorial Resolution on SBF’s Second Trial
In a stunning flip of occasions, prosecutors have decided to forgo a second trial for SBF on extra prices, together with marketing campaign finance violations, conspiracy to bribe international officers, and financial institution fraud. The choice is attributed to the shortage of consent from The Bahamas, the nation that extradited SBF to face preliminary prices in the US.
The absence of consent complicates the authorized proceedings and has led the U.S. authorities to go for sentencing in March 2024 primarily based on proof offered in the course of the unique trial.
General, Deaton’s inquiries into Senator Warren’s stance and potential connections spotlight the necessity for transparency and accountability within the crypto house. Because the authorized saga unfolds, it stays to be seen whether or not Sen Warren will deal with these questions and supply readability on her place concerning the alleged monetary misconduct involving FTX.
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