Lawyer Accuses Senator Elizabeth Warren of Violating Oath by Conspiring with SEC Chair Gary Gensler

In a recent social media post, lawyer John Deaton accused U.S. Senator Elizabeth Warren of violating her oath as a member of the Senate Banking Committee. Deaton claims that Warren conspired with SEC Chair Gary Gensler by providing him with pre-arranged questions and suggested answers for a Senate hearing. This allegation comes as evidence emerged, including emails obtained from Warren’s office, suggesting that the senator coached Gensler during the 2021 hearing. Deaton argues that this behavior goes against Warren’s responsibility of providing actual oversight, calling it fraudulent testimony. Additionally, he raises questions about Warren’s lack of engagement with other crypto-related matters, prompting speculation about potential ties to fraudulent activities. The implications of this accusation could have far-reaching consequences for Warren’s reputation and position within the Senate Banking Committee.

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Accusation of Violating Oath

John Deaton’s Allegations

Renowned lawyer John Deaton has made serious allegations against U.S. Senator Elizabeth Warren, claiming that she violated her oath as a member of the Senate Banking Committee. Deaton asserts that Warren conspired with Securities and Exchange Commission (SEC) Chair Gary Gensler by providing him with pre-arranged questions and suggested answers for a Senate hearing. These allegations go against Warren’s responsibility to provide genuine oversight of the SEC and raise concerns about the integrity of her actions as a senator.

Evidence of Pre-arranged Questions and Answers

Deaton’s accusations stem from evidence that surfaced indicating that Warren’s economic advisor sent a list of questions and suggested answers to Gensler ahead of a 2021 Senate hearing. The emails obtained from Warren’s office by the Heritage Foundation Oversight Project revealed a level of coordination between Warren and Gensler that goes beyond normal preparation for such hearings. The fact that Warren asked almost verbatim from the emailed questions during the hearing raises questions about the authenticity and transparency of the senator’s interactions with Gensler.

Conspiracy with Gary Gensler

Coached Testimony

One of the central allegations made by Deaton is that Warren provided Gensler with coached testimony before his appearance at the Senate hearing. The exchange of pre-arranged questions and answers suggests a lack of independence and raises concerns about the genuineness of Gensler’s responses during the hearing. Coached testimony undermines the purpose of congressional hearings, which is to obtain honest and unbiased information from witnesses.

Failure to Address Meetings with SBF

Deaton alleges that Warren failed to address important issues regarding Gensler’s meetings with Sam Bankman-Fried (SBF), the founder of FTX cryptocurrency exchange. Despite sitting on the Senate Banking Committee overseeing the SEC, Warren did not question Gensler about SBF’s multiple meetings with the SEC or inquire about why Gensler missed any potential fraud related to SBF’s activities. This omission raises questions about Warren’s commitment to thorough oversight and her selective focus when it comes to addressing cryptocurrency-related issues.

Selective Questioning

Warren’s focus on criticizing cryptocurrencies, particularly Bitcoin, has been widely known. However, Deaton points out that Warren’s questioning of Gensler and the SEC has been selective and lacks a comprehensive approach. Warren has not questioned Gensler on his lack of engagement with Coinbase, one of the largest cryptocurrency exchanges in America. This raises concerns about the senator’s bias and whether her focus on specific issues is driven by personal motivations rather than a genuine commitment to addressing fraud and protecting investors.

Ties to SBF’s Parents

Deaton raises suspicion about Warren’s potential personal ties to SBF’s parents, which may be influencing her actions as a senator. Joe Bankman, SBF’s father, reportedly helped write Warren’s tax plan in 2016, suggesting a level of personal and professional connection between them. Additionally, SBF’s mother runs a Political Action Committee (PAC) that supports Democratic candidates, including Warren. These connections raise questions about whether Warren’s actions are influenced by personal relationships and whether she is prioritizing personal ties over objective oversight.

Elizabeth Warren’s Role as a Senator

The Senate Banking Committee

Warren’s role as a senator includes serving on the Senate Banking Committee, which is responsible for overseeing the SEC and ensuring the proper regulation and functioning of the financial industry. As a committee member, Warren has a duty to uphold the principles of transparency, accountability, and fairness in her oversight activities. This role gives her significant influence in shaping financial policies and protecting the interests of American investors.

Responsibilities of Oversight

One of the primary responsibilities of Warren’s role on the Senate Banking Committee is to provide oversight of the SEC and its chair. As a watchdog, she is tasked with holding the SEC accountable for its actions, ensuring that it operates within the boundaries of the law, and protecting the public from fraudulent activities. This includes conducting thorough investigations, asking pertinent questions, and addressing any potential conflicts of interest or misconduct.

Elizabeth Warren’s Criticism of Crypto

Warren’s Stance on Bitcoin and Cryptocurrency

Warren has been known for her critical views on Bitcoin and cryptocurrency. She has raised concerns about the lack of regulation, potential market manipulation, and the risks associated with cryptocurrencies. While her concerns are valid, Deaton questions whether her strong opposition to cryptocurrencies impacts her ability to conduct impartial oversight of the SEC and address the broader issues of investor protection and fraud within the industry.

Lack of Inquiry into Fraud

Deaton points out that Warren’s focus on cryptocurrency has overshadowed her inquiry into actual fraud within the industry. Rather than solely targeting the cryptocurrency sector, Warren should prioritize addressing fraudulent activities and holding both traditional financial institutions and cryptocurrency companies accountable. This balanced approach would demonstrate a genuine commitment to protecting investors and promoting financial integrity.

Gary Gensler’s Meetings with SBF

Contrasting Engagements

Deaton highlights the contrasting engagements between Gensler and different industry players, particularly SBF and Coinbase. While Gensler had multiple meetings with SBF, who has been accused of potential fraud, there has been limited engagement with Coinbase, a major cryptocurrency exchange. This discrepancy raises concerns about Gensler’s priorities and whether he is fully committed to addressing fraud within the cryptocurrency industry.

Possible Reasons for Gensler’s Focus

Deaton questions why Gensler prioritizes certain engagements and whether there are underlying motivations behind his decision-making process. By engaging more with SBF and overlooking the meetings with Coinbase, Gensler’s actions may be perceived as biased or influenced by external factors. This raises questions about Gensler’s impartiality and commitment to addressing fraud and investor protection across the entire cryptocurrency industry.

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Focusing on Actual Fraud

Addressing the Source of the Problem

Deaton suggests that Warren and other lawmakers should focus more on addressing actual fraud within the financial industry, rather than solely targeting cryptocurrencies. By directing their efforts towards investigating and preventing fraudulent activities, lawmakers can protect investors, restore public trust, and promote a fair and transparent financial environment. Broadening the scope of oversight and holding all actors accountable would be a more comprehensive approach to tackling financial fraud.

Warren and Banks Working with Crypto Companies

Deaton calls attention to Warren’s involvement in working with banks that have collaborated with cryptocurrency companies. While Warren has been critical of cryptocurrencies, she has also been associated with efforts to end partnerships between banks and cryptocurrency firms. This raises questions about Warren’s motivations and whether her actions are driven by a sincere commitment to addressing fraud or influenced by other factors.

Possible Personal Ties

Deaton raises concerns about the potential personal ties between Warren and SBF’s parents. The alleged connections between Warren, SBF’s father, and SBF’s mother running a PAC supporting Warren suggest a level of personal interest and potential conflicts of interest. These personal ties may impact Warren’s objectivity and willingness to thoroughly investigate potential fraud and misconduct within the cryptocurrency industry.

Public Opinion on the Accusation

Debate on Violation of Oath

Deaton’s accusations against Warren have sparked a debate on whether she violated her oath as a senator overseeing the SEC. Public opinion varies, with some individuals supporting the allegations and questioning Warren’s integrity, while others consider them unfounded and politically motivated. The controversy surrounding Warren’s actions highlights the importance of transparency, ethical conduct, and fair oversight in maintaining public trust in elected officials.

Agreeing or Disagreeing with Deaton’s Claims

Individuals have expressed varying opinions on whether Deaton’s claims against Warren are valid. Some agree that Warren’s actions raise concerns about impartiality and a potential violation of her oath, while others argue that the evidence provided does not conclusively prove any wrongdoing. The varying viewpoints demonstrate the need for a thorough investigation into the allegations and the importance of holding elected officials accountable for their actions.

In conclusion, the allegations made by lawyer John Deaton against Senator Elizabeth Warren and SEC Chair Gary Gensler raise important questions about the integrity and impartiality of their actions. The evidence presented suggests a level of coordination and potential biases that undermine the purpose of oversight and protection of investors. It is essential for lawmakers to prioritize the addressing of actual fraud within the financial industry, regardless of the sector involved, and to conduct thorough investigations that are free from personal interests and potential conflicts of interest. Upholding the oath and responsibilities entrusted to elected officials is crucial to maintaining public trust and confidence in the democratic process.

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