In a series of tweets, prominent crypto lawyer John Deaton leveled serious accusations against Senator Elizabeth Warren, a member of the Banking Committee, alleging misconduct in her oversight responsibilities of the Securities and Exchange Commission (SEC).
Deaton’s tweets come after Warren’s latest attack on crypto during an appearance on CNBC’s Squawk Box on Dec. 8. The senator said that illicit actors are continuing to use digital assets, and the U.S. should pursue a regulatory crackdown.
Conspiring with Gensler
According to Deaton, Senator Warren has overstepped her role by conspiring with SEC Chairman Gary Gensler. He claimed that Warren provided Gensler with pre-arranged questions and suggested answers ahead of Congressional hearings, which constitutes “fraudulent, coached testimony” — undermining the very essence of Congressional oversight.
Deaton’s allegations go further, implying a conflict of interest in Senator Warren’s approach to cryptocurrency regulation
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