Biden-Linked FTX Donations: Did $10M Buy SBF a Regulatory Soft Touch From SEC?
- SBF’s donations allegedly secured regulatory access while FTX operated fraudulently.
- Coinbase seeks SEC transparency on crypto enforcement spending under Gensler.
- Calls grow for an investigation into SEC favoritism and SBF’s political ties.
The FTX collapse continues to fuel serious questions about whether regulators showed favoritism and were influenced by politics. As crypto lawyer John E Deaton points out, Sam Bankman-Fried (SBF), the disgraced founder of FTX, allegedly used $10 million in donations to the Biden administration to gain special access to regulators.
This calculated move apparently allowed him to cultivate relationships with key officials, including those at the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).
Coinbase Demands Answers on SEC Enforcement Spending
Meanwhile, SEC Chair Gary Gensler aggressively pursued enforcement actions against other crypto firms while meeting with SBF multiple times.
Because of this, new calls for accountability are surfacing, with Coinbase leading the push for transparency about the SEC’s enforcement spending.
The post Biden-Linked FTX Donations: Did $10M Buy SBF a Regulatory Soft Touch From SEC? appeared first on Coin Edition.
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Biden-Linked FTX Donations: Did $10M Buy SBF a Regulatory Soft Touch From SEC?
- SBF’s donations allegedly secured regulatory access while FTX operated fraudulently.
- Coinbase seeks SEC transparency on crypto enforcement spending under Gensler.
- Calls grow for an investigation into SEC favoritism and SBF’s political ties.
The FTX collapse continues to fuel serious questions about whether regulators showed favoritism and were influenced by politics. As crypto lawyer John E Deaton points out, Sam Bankman-Fried (SBF), the disgraced founder of FTX, allegedly used $10 million in donations to the Biden administration to gain special access to regulators.
This calculated move apparently allowed him to cultivate relationships with key officials, including those at the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).
Coinbase Demands Answers on SEC Enforcement Spending
Meanwhile, SEC Chair Gary Gensler aggressively pursued enforcement actions against other crypto firms while meeting with SBF multiple times.
Because of this, new calls for accountability are surfacing, with Coinbase leading the push for transparency about the SEC’s enforcement spending.
The post Biden-Linked FTX Donations: Did $10M Buy SBF a Regulatory Soft Touch From SEC? appeared first on Coin Edition.
Read More
SEC Acting Chair Uyeda Orders Crypto Regulation Review Under Trump’s Order