Gensler’s Bitcoin Praise Sparks Outrage-Deaton Demands Truth!

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Well, well, well, if it ain’t Gary Gensler, the man who made more enemies than a rattlesnake at a square dance, crawlin’ back into the limelight with his two cents on crypto. In a chat with CNBC that was about as exciting as watching paint dry, ol’ Gary took a stroll down memory lane, pattin’ himself on the back for all them enforcement actions he spearheaded-like a sheriff who locked up the town drunk and called it justice. đŸŽ©

Now, accordin’ to Gensler, most cryptocurrencies are about as useful as a screen door on a submarine-pure speculation, no substance, just a whole lotta hot air and hopium. He reckons thousands of these tokens will go belly-up faster than a goldfish in a whiskey barrel, callin’ most of ’em downright fraudulent. But hold your horses-Bitcoin gets a free pass! Why? Because apparently, it’s the golden child that don’t fit his “securities” mold. Convenient, ain’t it? đŸ€ 

And wouldn’t ya know it, he dragged poor ol’ Sam Bankman-Fried and his FTX fiasco back into the mix, usin’ it as proof that regulators like him are the only thing standin’ between honest folks and financial ruin. Never mind that he might’ve been sippin’ tea with SBF while the ship was sinkin’. But hey, who’s keepin’ score? đŸšąđŸ’„

John Deaton Ain’t Buyin’ It

Enter John Deaton, the lawyer who’s been fightin’ for XRP holders like a bulldog with a bone. He took one look at Gensler’s song and dance and said, “Hold on there, partner!” Took to Twitter faster than a jackrabbit on a hot griddle, askin’ why none of them fancy CNBC hosts ever bother askin’ Gary about his cozy little meetups with SBF before FTX went kaput. đŸ•”ïžâ€â™‚ïž

I have a question for @CNBC hosts like @davidfaber @SaraEisen @andrewrsorkin @carlquintanilla @BeckyQuick @JoeSquawk, etc. And I don’t ask this disrespectfully, but it boggles my mind:

When Gary Gensler brings up @SBF_FTX how come you guys don’t ask him about his private


– John E Deaton (@JohnEDeaton1) September 19, 2025

Deaton pointed out that while Gensler loves waggin’ his finger at SBF’s mess, nobody seems keen on askin’ how many backroom handshakes they shared. Turns out, SBF wasn’t just crashin’ regulators’ offices-he was throwin’ around millions in political donations like confetti at a parade. Ten million smackeroos to Biden’s crew, $72 million total-enough to buy himself a VIP pass to policymaker ears. Deaton’s sayin’, “Hey, journalists, how ‘bout askin’ Gary if he was fixin’ to give SBF a special ‘shortcut’ while the rest of us played by the rules?” But nah, that’d require actual journalism. 🙄

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2025-09-19 10:53