Cryptocurrency Investors Demand the Investigation of SEC Chief in the FTX Fraud

Ripple General Counsel John Deaton hosts a petition application on the CrytoLaw website. The site has recently published and campaigned for a hearing in Congress on the matter of the SBF and Gensler controversy. New evidence has been brought to light that purports the links between the SEC chief and former FTX CEO.

The cryptocurrency community is raising questions on the matter of the suspicious meetings and correspondence between SBF and Gensler. The petition by Deaton aims to involve congressional investigation to fish out the matter of the SEC Chief’s role in conducting the FTX fraud.

Ripple Lab’s attorney John Deaton has been working as a defense lawyer for Ripple Lab’s representation for years. The digital payments organization was sued by the SEC in lieu of violating the Securities Act two years ago.

Deaton has claimed that there is sufficient evidence of Gensler and SBF meetings before the $14 billion collapse of FTX.

He has also alleged that Gensler has been working alongside SBF, granting him regulatory immunity to commit fraud. Deaton claims that he opines that cryptocurrency investors deserve a congressional meeting to shed more light on one of the biggest financial frauds in history.

Relationship Between Gary Gensler and SBF

Republican House representative Tom Emmer who has been known for his friendly stance towards crypto, has also joined the conversation. He tweeted that his office has received evidence about Gensler’s role in finding legal loopholes for SBF to get away with FTX fraud.

He went on to post a document concerning a 45-minute Zoom call held on March 23rd between Amana Fischer (senior counsel at IEX) and SEC correspondent Corey Frayer in the presence of SBF. Later onwards, SBF invested in IEX exchange.

Meanwhile, the cryptocurrency investors have filed an $11 billion lawsuit against SBF and celebrities that promoted FTX, like football star Tom Brady.

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