Recent reports from Fox News have made some serious allegations against Sen. Elizabeth Warren, claiming she has violated her oath as a Senator to try and kill the crypto industry.
John E. Deaton, an XRP lawyer, has highlighted Warren’s coordinated effort with the SEC Chairman Gary Gensler to manipulate congressional hearings in 2021. According to Deaton, this goes beyond oversight and is instead fraudulent and coached testimony before Congress, compromising the integrity of the process.
Deaton has also aimed criticism at Warren for failing to address key concerns within the crypto industry. Despite being a vocal critic of Bitcoin (BTC) and sitting on the Banking Committee, Warren failed to ask tough questions, particularly regarding Gensler’s meetings with Sam Bankman-Fried (SBF), former CEO of the now-defunct FTX exchange. Deaton suggests this selective silence reflects a biased approach and a potential conflict of interest, raising questions about Warren’s connections to SBF’s parents.
In addition, over 600 XRP holders in Massachusetts, Warren’s constituents, reached out to her office for assistance in addressing their concerns about the SEC. Warren’s staff allegedly dismissed their requests, stating that the Senator would not intervene due to the SEC’s lawsuits against certain billionaires, including Brad Garlinghouse, Ripple’s CEO.
Sen. Warren has also been vocal about her concerns regarding cryptocurrencies’ role in illegal activities. In a letter to the White House, she highlighted the potential link between crypto donations and terrorism, referencing reports about the Palestinian group Hamas, using crypto for funding. Additionally, Warren has expressed worries about crypto payments in the Chinese fentanyl trade, connecting it to her broader stance on national security and illegal activities.
