Attorney John Deaton, who supports XRP, questions the relationship between SEC Chairman Gary Gensler and FTX founder Sam Bankman-Fried (SBF). Deaton's remarks came in response to the SEC announcing record financial relief for its enforcement actions in fiscal year 2024. John Deaton posted on X criticizing Gary Gensler for holding private meetings with SBF while refusing to meet with U.S. cryptocurrency executives like Coinbase CEO Brian Armstrong and Kraken's Jesse Powell, which indicates the SEC's bias. Deaton also pointed out that SBF's $10 million donation to politicians might be another reason for FTX's involvement in regulatory negotiations, further criticizing Gary Gensler, suggesting that this financial connection could be the underlying reason for the SEC's favoritism towards FTX.

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