Thread by @CryptoKingKeyur

🚨 BREAKING: Shocking Revelation! 🚨

🇺🇸 SEC's Gensler hints at "parallels" between #Binance and FTX, but one exchange mysteriously escapes the lawsuit 😱

1️⃣ The SEC's Chair Gary Gensler just revealed mind-blowing connections between two major #crypto exchanges: #Binance and FTX.

👉 But there's a shocking twist 😱

2️⃣ According to Gensler, both #Binance and FTX have allegedly used sister firms to move funds, raising serious concerns about fraud and manipulation.

👉 But while Binance faces a barrage of lawsuits, FTX remains untouched 🕵️‍♂️

3️⃣ The SEC's lawsuit against #Binance includes a whopping 13 charges, accusing them of commingling funds and engaging in wash trading.

👉 But why hasn't FTX faced the same fate? 🤔

https://twitter.com/cz_binance/status/1666162656351342594

4️⃣ Some #crypto enthusiasts argue that FTX's sizeable donations to political parties and its founder Sam Bankman-Fried's lobbying efforts in D.C. have played a role in avoiding legal action.

https://twitter.com/cryptowendyo/status/1666173949854773248

5️⃣ Ripple CEO Brad Garlinghouse suggests that the SEC's recent lawsuits are just a smokescreen to divert attention from their alleged "FTX debacle."

👉 Could this be a case of misdirection?

https://twitter.com/bgarlinghouse/status/1666126927583666176

6️⃣ On the other hand, Matrixport's head of research, Markus Thielen, believes that #crypto was not initially seen as a threat to U.S. financial stability.

👉 But with the collapse of major banks, the game has changed.

7️⃣ It's important to note that while the SEC hasn't sued FTX directly, charges have been filed against its founders and former executives.

8️⃣ Let's demand transparency and accountability from the SEC!

👉 This thread aims to raise awareness and encourage discussions on recent developments.

Liked the thread! Don’t forget to retweet the first tweet and follow for more 🔥👇

https://twitter.com/cryptokingkeyur/status/1666398729119887360