Carlos Fernandes Attorney John Deaton has accused Senator Elizabeth Warren of breaching her senatorial oath as a member of the Senate Banking Committee. Deaton asserts that Warren, responsible for supervising the U.S. Securities and Exchange Commission (SEC), engaged in a “collusion” with her acquaintance, SEC Chairman Gary Gensler, by providing him with prepared questions and suggested responses for a Senate inquiry.
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Allegations of Oath Violation by Elizabeth Warren
John Deaton, recognized within the cryptocurrency community for his legal expertise, publicly criticized Senator Elizabeth Warren (D-MA) on social media platform X last Saturday. He accused her of oath violation in her role overseeing the U.S. Securities and Exchange Commission (SEC).
Responding to a Fox News video clip, Deaton highlighted evidence implying that Senator Warren coached SEC Chairman Gary Gensler for a 2021 Senate hearing. Documentation from Warren’s office obtained by the Heritage Foundation Oversight Project showed that her economic advisor forwarded a list of questions, which Warren intended to ask Gensler during the hearing, along with proposed responses. The advisor inquired of Gensler if he was comfortable with the questions as they were. Additionally, the advisor sought confirmation from Gensler regarding any issues he might have with how the questions were framed, expressing a desire to avoid putting him in a difficult situation. At the hearing, Warren’s line of questioning closely mirrored the email content.
John Deaton contended, “As a senator on the Banking Committee, Elizabeth Warren breached her oath,” and added:
Her responsibility is to conduct genuine oversight of the SEC. However, she collaborated with Gary Gensler, not only providing him the exact questions in advance of the hearing but also supplying the responses.
Deaton condemned this as not genuine oversight but rather “fraudulent, rehearsed testimony before Congress.” He highlighted Warren’s intention to avoid challenging Gensler, stating, “Her duty is to subject the SEC chairman to rigorous scrutiny — to pose demanding questions.”
Deaton also pointed out that Warren, a prominent critic of Bitcoin and cryptocurrencies in Congress, serves on the Senate Banking Committee, which oversees the SEC. He criticized her for not questioning Gensler and the SEC about their interactions with Sam Bankman-Fried (SBF) and the lack of scrutiny over SBF’s fraudulent activities, despite his frequent meetings with Gensler and the SEC.
Furthermore, Deaton contrasted Gensler’s numerous interactions with SBF with his limited engagement with Coinbase executives Brian Armstrong and Paul Grewal, despite Coinbase’s significant status in the U.S. He questioned why Warren, a vocal opponent of cryptocurrencies, did not address the failures in detecting frauds like FTX, Celsius Network, and Luna/UST.
Deaton also raised suspicions about Warren’s connections to SBF’s family, noting Joe Bankman, SBF’s father, contributed to Warren’s tax plan in 2016 and allegedly assisted SBF in setting up tax-evading shell companies. He also mentioned SBF’s mother’s involvement in a PAC supporting Democratic candidates, including Warren.
The article concludes by asking readers to share their opinions on whether they agree with John Deaton’s claims about Senator Elizabeth Warren’s alleged violation of her oath and collusion with SEC Chair Gary Gensler.
Frequently Asked Questions (FAQs) about Elizabeth Warren SEC Controversy
Who is John Deaton and what are his allegations against Senator Elizabeth Warren?
John Deaton, a lawyer known in the cryptocurrency community, has accused Senator Elizabeth Warren of violating her senatorial oath. He alleges that Warren colluded with SEC Chair Gary Gensler by providing him with prepared questions and suggested answers for a Senate hearing, thereby breaching her responsibility to oversee the SEC objectively.
What evidence is cited to support the claim of collusion between Elizabeth Warren and Gary Gensler?
The evidence cited includes emails obtained from Senator Warren’s office by the Heritage Foundation Oversight Project. These emails reportedly show that Warren’s economic advisor sent SEC Chair Gensler a list of questions and suggested answers for a Senate hearing, indicating prior coordination.
What role does Elizabeth Warren play in the Senate, and why are these allegations significant?
Elizabeth Warren is a U.S. Senator who serves on the Senate Banking Committee, responsible for overseeing the U.S. Securities and Exchange Commission (SEC). The allegations are significant because they suggest a breach of the impartial oversight role expected of a senator, particularly in relation to the SEC.
How did Elizabeth Warren allegedly assist Gary Gensler before the Senate hearing?
According to the allegations, Elizabeth Warren’s economic advisor sent Gary Gensler, the SEC Chair, a list of questions that Warren planned to ask in a Senate hearing, along with suggested answers. This implies that Gensler was given the opportunity to prepare responses in advance, potentially undermining the integrity of the hearing.
Has Elizabeth Warren responded to these allegations?
The text does not provide information about Elizabeth Warren’s response to these allegations. Further research would be required to determine if she has issued a statement or comment on the matter.
More about Elizabeth Warren SEC Controversy
- John Deaton’s Allegations Against Elizabeth Warren
- Evidence of Warren’s Collusion with Gensler
- Role of Elizabeth Warren in Senate Banking Committee
- Details of Pre-arranged Questions and Answers
- Elizabeth Warren’s Response to Allegations
5 comments
I’m not surprised, politics is always about who you know and how you can use that to your advantage. warren just playing the game.
so if this is true, Warren really crossed a line here? collaborating with gensler that way just undermines the whole point of a senate hearing.
wait, but where’s the proof? I mean emails can be misinterpreted, need more solid evidence before accusing a senator like that.
It’s concerning if true, but let’s not jump to conclusions. everyone’s innocent till proven guilty, right? warren deserves a chance to explain.
Deaton’s always been vocal about crypto and SEC, not shocking he’s calling out Warren now. But is there real substance here or just more noise?