Questions Arise Over Sen Warren’s Silence on SBF Trial
Recently, lawyer John E. Deaton has raised some thought-provoking questions regarding Senator Elizabeth Warren’s lack of response to the dropped second trial of Sam Bankman-Fried (SBF). Deaton questions why Warren has not called for investigations into alleged financial wrongdoings, specifically related to Joe Bankman and Barbara Fried, who reportedly owned luxury real estate in the Bahamas funded by FTX customer money. Despite Warren’s outspoken views on cryptocurrency, she has remained silent on these allegations.
As a member of the Senate Banking Committee, Warren is responsible for overseeing the SEC. However, Deaton points out that she has not requested information about meetings between SEC Chair Gary Gensler and SBF. He also suggests that Warren provided Gensler with pre-prepared questions and answers for a hearing that did not address Gensler’s meetings with SBF.
Possible Coordination Between Sen Warren and JPMorgan Chase CEO
Deaton raises the possibility of coordination between Senator Warren and JPMorgan Chase CEO Jamie Dimon. Dimon has testified under oath that the only use case for crypto is illicit activity, but JPMorgan actively uses crypto for some cross-border transactions. Deaton questions whether Warren coordinated with Dimon, considering their differing views on cryptocurrency.
Prosecutors Opt Out of Second Trial for SBF
In a surprising development, prosecutors have decided not to pursue a second trial for SBF on additional charges. This decision is due to the lack of consent from The Bahamas, the country that extradited SBF to face initial charges in the United States. As a result, sentencing will take place in March 2024 based on evidence from the original trial.
Hot Take: The Need for Transparency and Accountability in the Crypto Space
John E. Deaton’s questions and concerns regarding Senator Warren’s silence and potential connections highlight the importance of transparency and accountability in the crypto industry. As the legal proceedings unfold, it remains to be seen whether Warren will address these inquiries and clarify her stance on the alleged financial misconduct involving FTX.
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