Attorney John Deaton spoke about the new charges against Sam Bankman-Fried: he is suspected of having ties to the U.S. Congress and the SEC

Sam Bankman-Fried (SBF), the former head of FTX, continues to remain in the spotlight following new allegations of extensive corruption and illicit ties to U.S. government officials. According to attorney John Deaton, SBF spent $72 million on political donations to ensure his access to the highest echelons of government. It is alleged that Bankman-Fried met with U.S. SEC Chairman Gary Gensler at least twice, and also held private meetings with CFTC officials and other key individuals in Congress. At the same time, U.S. cryptocurrency exchange Coinbase failed to gain an audience with the same SEC, raising questions about the regulator’s priorities. Of particular note is the fact that Gensler, despite his public statements about transparency, allegedly discussed a deal with SBF that could give FTX a unique advantage in the market. This raises suspicions of possible misconduct and abuse of power. In

addition, evidence suggests that Bankman-Fried’s parents did indeed receive $10 million in FTX funds, as well as executing luxury properties in the Bahamas purchased with money from the exchange’s clients. Questions about their prosecution remain unanswered.

Another shocking fact concerns corruption in China. According to journalist Brian Costello, SBF paid $40 million to Chinese officials to unfreeze $1 billion in digital assets. Despite this, the U.S. Department of Justice dropped charges against him in the case, which only increased suspicions of a cover-up. Deaton also emphasized that Gensler had previously stated the need for regulation for XRP and ETH, but later changed his statements to Congress. This, together with many other facts, raises doubts about the honesty and transparency of the head of the SEC. These facts call into question the reliability of both regulators and the U.S. political system as a whole. Experts and the public are demanding full disclosure of all meetings and correspondence related to SBF.