Please Sign John Deaton’s Petition To Investigate Gary Gensler’s (Criminal?) Ties To FTX!

November 22, 2022 5:51 pm Comments


That would be ok with me.

But it looks like that’s not going to happen.

So perhaps it’s time to move on to either #FireGaryGensler or #InvestigateGaryGensler.

What do you think?

Attorney John Deaton seems to agree and he’s even started a new Petition to investigate the ties between Gary Gensler and FTX.

Here is a Tweet from Deaton’s @CryptoLawUS announcing the new Petition:

Live now for signatures, and you can add your support here:

Here’s the full Petition:

With full text here if that’s hard to read

Petition to Senators Sherrod Brown (D-OH) and Pat Toomey (R-PA), and Representatives Maxine Waters (D-CA) and Patrick McHenry (R-NC):

We are writing to you as the Chairpersons and Ranking Members of the U.S. Congressional committees overseeing the Securities and Exchange Commission, because we are foreign citizens and digital asset holders who have been grievously harmed rather than protected by that agency.

The SEC’s job is to protect investors, but Gary Gensler as chairman has failed to protect retail digital asset holders over and over. Now, evidence has emerged that proves that Gensler met with the mastermind of what may be one of the biggest frauds in American history, Sam Bankman-Fried, before the multi-billion-dollar collapse of FTX. Public documents have revealed that Chair Gensler and his senior staff were meeting with Bankman-Fried about a “no action letter” while a massive fraud was going on right under the SEC’s nose.

This is not the first time Gensler has been under an ethical cloud, like when he was the subject of an Inspector General investigation while he was chairman of the Commodity Futures Trading Commission (CFTC). It’s time for a full Congressional investigation of Gensler’s role in one of the biggest financial frauds in American history, particularly since he has reserved the SEC’s enforcement resources for “regulation by lawsuit” against non-fraud cases against crypto companies like LBRY and Ripple. How did he let this happen?

We, the undersigned, ask that you immediately use your constitutional oversight responsibility to fully probe what Chair Gensler and the SEC did in the FTX scandal, what they failed to do, and why. The SEC must be compelled to provide Congress with all the documents and testimony needed for the whole truth to be understood, and the agency’s failures to be remedied. This scandal has harmed retail investors around the world, and it is your duty to take action so that the U.S. federal regulator of record is doing its job.

The Petition already has over 5,700 signatures as of press time for this article:

But I think we can do better…

Can we get this to 50,000 signatures in support?

Who’s with me?

Add your support here:

Deaton also posted a couple warnings about the platform.

Beware of this:

And this:

Join the conversation!

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