Gary Gensler's SEC sues Crypto Influncers and posts on his Twitter as propaganda

Reid

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Quote from: rdbase on January 20, 2025, 07:41:57 AM

So on the final day of Gensler's official departure Trump launched a memecoin that I certain many have heard of back on Friday. It created such buzz on the crypto markets that it surpassed $10 billion in marketcap.
Then Melania was seeing how much that it made so she launches her own memecoin yesterday right before the inauguration setup to happen today.
Guess they wanted to take advantage of the events so they decided to hire a group who hold 80% of the coins and just agree to promote it on their socials to see how the cryptobros will react to it.

I see this as a defiant act towards Gary Gensler and all that he stood for at the SEC and just launched their own memecoins and promoted it as he can not do anything since not being part of that department any longer.

Essentially they can not sue them as an influencer of these memecoins.

Yeah, it's like a punch to his face.

Well, I don't really support memecoins and I will certainly not support this Trump coin too. IMO, it's mocking the cryptocurrency industry and I don't think it should be supported by others as it will ruin the industry. But since he is on the hype, I will just let time decide on the future of whatever they had done.
Bitcoin will remain the king of cryptocurrencies.
$75 and back to $39. That says it all. Someone or some group is playing it to make money and there are idiots who would still buy it without any knowledge on how the crypto market moves.

Anyway, goodbye Gensler.
Here is a nice article to read about what he did against cryptocurrencies and the crypto-based businesses.
Two words that will always characterize Gary Gensler's SEC tenure
https://www.axios.com/2025/01/20/gary-gensler-sec-arbitrary-capricious

Quote

"Arbitrary" and "capricious" will forever characterize Gary Gensler's tenure at the helm of the U.S. Securities and Exchange Commission, a couple of words used in two crucial rebukes by U.S. courts.

NotATether

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Quote from: rdbase on January 20, 2025, 07:41:57 AM

So on the final day of Gensler's official departure Trump launched a memecoin that I certain many have heard of back on Friday. It created such buzz on the crypto markets that it surpassed $10 billion in marketcap.
Then Melania was seeing how much that it made so she launches her own memecoin yesterday right before the inauguration setup to happen today.
Guess they wanted to take advantage of the events so they decided to hire a group who hold 80% of the coins and just agree to promote it on their socials to see how the cryptobros will react to it.

I see this as a defiant act towards Gary Gensler and all that he stood for at the SEC and just launched their own memecoins and promoted it as he can not do anything since not being part of that department any longer.

Essentially they can not sue them as an influencer of these memecoins.

It's possible that they were just grifting for money to pay all of Trump's buddies and fines, because what does Melania have to do with Gary Gensler for instance?

Trump's the kind of person who criticizes his opponents on social media when he wants to do something to them.

In this case, I haven't seen any posts about Gary for the last few days. He already had his foot out the door anyway, so he was no longer useful as a talking point.

rdbase

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Many who are studying on how these memecoins the Trump clan had cooked up since Friday are subject to insider trading.
If this is the case, wouldn't this be subject to a criminal offense for those involved in these trades? Which essentially would be equal to what happened in the Hawk Tuah girl case where she promoted it knowing the team was going to sell off their share of the memecoins.

Watching what the main stream media has said inregards to Trump and Melania approving of the groups who created these tokens to use their likeness in promoting those projects, that these were a disgusting act of greed and fooling people to buy up these memecoins.
While infact many of those who invested into them lost alot of money when they trusted the ones who put their faces as the ambassadors.

Casdinyard

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Quote from: NotATether on January 01, 2025, 10:46:29 AM

Quote from: rdbase on January 01, 2025, 10:37:49 AM

The celebrity tokens didn't stop even when Gensler was released by the SEC just a month later we saw a Hawk Tuah token rugpull their investors:

Nah screw that. If you bought a coin made by a person who's only known for spitting on dicks and thought it was going to moon then you deserved to be rugpulled.

In any case, the Hawk Tuah woman is fucked, because a ton of lawyers are engaged in making a class action lawsuit.

LOL! Exactly what I had in mind.

Far as I know unless the interpol is involved in her ass the US court might've been a little late with apprehending her. She's already overseas, far as I know somewhere in the Caribbean, probably splurging the millions of dollars she was able to rake from the clowns that trusted her. Although I still hope she gets what she deserves, honestly this industry's becoming too lenient on scammers that we gotta set an example to some of them every now and again, just so the people who think they could get away with shit through crypto are deterred.

rdbase

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So on the final day of Gensler's official departure Trump launched a memecoin that I certain many have heard of back on Friday. It created such buzz on the crypto markets that it surpassed $10 billion in marketcap.
Then Melania was seeing how much that it made so she launches her own memecoin yesterday right before the inauguration setup to happen today.
Guess they wanted to take advantage of the events so they decided to hire a group who hold 80% of the coins and just agree to promote it on their socials to see how the cryptobros will react to it.

I see this as a defiant act towards Gary Gensler and all that he stood for at the SEC and just launched their own memecoins and promoted it as he can not do anything since not being part of that department any longer.

Essentially they can not sue them as an influencer of these memecoins.

Reid

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My God, he ain't done yet.

SEC sues Elon Musk, alleging failure to properly disclose Twitter ownership
https://www.cnbc.com/2025/01/14/sec-sues-musk-alleges-failure-to-properly-disclose-twitter-ownership.html

Quote

Musk’s lawyer, Alex Spiro, said in an emailed statement on Tuesday that the SEC’s action is an admission that “they cannot bring an actual case.” Spiro, a partner at Quinn Emanuel, added that Musk “has done nothing wrong” and called the suit a “sham” and the result of a “multi-year campaign of harassment,” culminating in a “single-count ticky tak complaint.”

A sham.

Quote

In a post on X after the complaint was filed, Musk called the SEC a “totally broken organization” that’s focusing “on s--- like this when there are so many actual crimes that go unpunished.”

Oh yeah, he is right!
They are targeting popular people or those who cannot defend themselves. That's what they do. But there are those who make loads of money doing illegal acts that they don't see or just don't want to see. I bet this is just a political attack to soil the name of Musk before he sits in his position.

rdbase

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Quote from: MainIbem on January 06, 2025, 07:21:31 AM

Yeah we've had enough of Gensler in the past four years, it's time for a new start with a bitcoin advocate that would make a big diference and ease the tension and fud caused by Gensler, no doubt that Paul would make a good replacement but at this point it doesn't matter who the next SEC chairman is, so far the person is a bitcoin lover and would make a difference instead of being like or worst than Gensler. Well, with Trump at the top i think he'll ensure that we don't witness another Gensler likemind as the SEC Chairman, he's already rooting out for Paul Atkins and thats a good sign that we won't witness a bullshit tenure like that of Gensler.

He had his last statement on Bloomberg Television's channel last night about how he thought his influence defined the industry and cryptocurrency markets.
Well they are tanking as of this morning due to his leadership at the SEC, so you tell me how you viewed on what he stated in this last interview we have to endure by him:

Gensler Talks SEC Exit and Crypto's Future
https://www.youtube.com/watch?v=zO_omz8R_RM

MainIbem

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Quote from: john_egbert on January 06, 2025, 05:09:55 AM

Quote from: rdbase on January 05, 2025, 09:55:35 PM

One last response from the SEC while Gary Gensler is in charge against Ripple Labs in their lawsuit against the firm and the battle embroiled making sure the XRP token is known as being a security.

https://www.cryptotimes.io/2025/01/04/ripple-vs-sec-genslers-final-move-before-stepping-down

I hope we will see less of these shenanigans when somebody with a different mind comes into the office.
As I've read through there and articles, Paul should be a better man to lead the way.

Yeah we've had enough of Gensler in the past four years, it's time for a new start with a bitcoin advocate that would make a big diference and ease the tension and fud caused by Gensler, no doubt that Paul would make a good replacement but at this point it doesn't matter who the next SEC chairman is, so far the person is a bitcoin lover and would make a difference instead of being like or worst than Gensler. Well, with Trump at the top i think he'll ensure that we don't witness another Gensler likemind as the SEC Chairman, he's already rooting out for Paul Atkins and thats a good sign that we won't witness a bullshit tenure like that of Gensler.

john_egbert

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Quote from: rdbase on January 05, 2025, 09:55:35 PM

One last response from the SEC while Gary Gensler is in charge against Ripple Labs in their lawsuit against the firm and the battle embroiled making sure the XRP token is known as being a security.

https://www.cryptotimes.io/2025/01/04/ripple-vs-sec-genslers-final-move-before-stepping-down

I hope we will see less of these shenanigans when somebody with a different mind comes into the office.
As I've read through there and articles, Paul should be a better man to lead the way.

rdbase

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One last response from the SEC while Gary Gensler is in charge against Ripple Labs in their lawsuit against the firm and the battle embroiled making sure the XRP token is known as being a security.

https://www.cryptotimes.io/2025/01/04/ripple-vs-sec-genslers-final-move-before-stepping-down

NotATether

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Quote from: rdbase on January 01, 2025, 10:37:49 AM

The celebrity tokens didn't stop even when Gensler was released by the SEC just a month later we saw a Hawk Tuah token rugpull their investors:

Nah screw that. If you bought a coin made by a person who's only known for spitting on dicks and thought it was going to moon then you deserved to be rugpulled.

In any case, the Hawk Tuah woman is fucked, because a ton of lawyers are engaged in making a class action lawsuit.

rdbase

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The celebrity tokens didn't stop even when Gensler was released by the SEC just a month later we saw a Hawk Tuah token rugpull their investors:

Here are some more of these tokens that were released last year which were represented by celebrity influencers:
https://cointelegraph.com/news/celeb-crypto-tokens-lose-value-2024

Reid

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^That's a punch to the face to the SEC. Cheesy

Gensler stresses PCAOB’s importance following $400M budget approval
https://www.cfodive.com/news/gensler-stresses-pcaob-importance-budget-approval-sec-trump/736068/

Quote

Gensler stressed the importance of the PCAOB’s role, noting financial markets are “built on trust,” according to a statement included in the Wednesday release. “This trust, though, can easily be taken for granted. The PCAOB — an important reform of the George W. Bush Administration — writes the standards for auditors and audits the auditors. That’s the core of what it does, and it’s every bit as important now and into the future,” he said in the statement.

Why not tell these things while they are still seated? Now that he is going out, he is like warning the next one or is it because Paul Atkins (the new SEC chair when Trump is seated) is criticizing PCAOB? Well, auditing the auditor is a good thing but according to Atkins, the salaries paid to PCAOB are too high.

rdbase

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Trump met with the CEO of Crypto.com Kris Marszalek amist from them dropping their own lawsuit against the SEC.
https://cointelegraph.com/news/donald-trump-crypto-ceo-kris-marszalek

https://x.com/kris/status/1868812557525697004

https://www.bloomberg.com/news/articles/2024-12-17/crypto-com-ceo-kris-marszalek-met-trump-at-mar-a-lago-as-industry-courts-favor

rohang

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Quote from: rdbase on November 22, 2024, 06:06:23 AM

The Gensler is dead! Just like the wicked witch of the West Grin

And now Ripple is pumping from the news which was $1.14usd before his post on X was released and now is sitting at $1.41usd

Thank you for the information @OmegaStarScream and @Reid for the article put out by Coindesk with that wicked headline:
We Won’t Miss You!

Yep after trump win and now gensler stepping down btc amd other crypto booming like crazy!! Xrp especially going to the moon!! Grin

rdbase

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The Gensler is dead! Just like the wicked witch of the West Grin

And now Ripple is pumping from the news which was $1.14usd before his post on X was released and now is sitting at $1.41usd

Thank you for the information @OmegaStarScream and @Reid for the article put out by Coindesk with that wicked headline:
We Won’t Miss You!

Reid

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Quote from: OmegaStarScream on November 21, 2024, 01:52:16 PM

And.... he's gone[1] . Given that the price has not moved yet, I would say the markets are still waiting for Trump's announcement on who is he going to assign as a Chairman because with all of the talks, price haven't reacted one bit.

[1] JUST IN: Gary Gensler to step down as SEC Chair

OMG! He didn't even waited for Trump to sit first. Well, he gave it away on that speech at PLI's 56th Annual Institute on Securities Regulation program and I think that's already a goodbye message from him. But I don't think this will be over just like that. There will be backlogs, there's always the digging that will happen.

Gary Gensler, We Won’t Miss You
https://www.coindesk.com/opinion/2024/11/21/gary-gensler-we-wont-miss-you/

The title is harsh but it's the truth. He did too much things against crypto and companies in cryptocurrencies that so many hated him for that.

Quote

Under his tenure, the lead U.S. securities regulator led a wide-ranging campaign against digital assets companies that was both damaging and frequently unfair.

Quote

Regulation follows legislation (or ought to) and, in Gary’s defense, he was regulating without much help from Congress. In the 16 years that bitcoin has existed, our legislators have managed to pass precisely no new laws covering digital assets. Is that Gary’s fault? No. He could have pushed more for new laws, stating why they were needed (including with his friend Warren). But he was not a sitting senator or representative and some of the same people in Washington now rejoicing Gensler’s exit are the same people who long failed the industry legislatively speaking.

Even if they try to make it look clean, he did something that truly hurt the market of the crypto industry. He kept on attacking that everything became stagnant and crypto businesses was not able to move anymore. I guess we could say, he also overreacted and used too much of his power.

OmegaStarScream

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And.... he's gone[1] . Given that the price has not moved yet, I would say the markets are still waiting for Trump's announcement on who is he going to assign as a Chairman because with all of the talks, price haven't reacted one bit.

[1] JUST IN: Gary Gensler to step down as SEC Chair

Luzin

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Quote from: Reid on November 20, 2024, 08:08:54 PM

Gary Gensler Preparing to Exit SEC Chairman Role?

https://coinjournal.net/news/gary-gensler-preparing-to-exit-sec-chairman-role/

Trump's victory slightly brings big news for the future of crypto. I read that the CEO of Coinbase made a donation for the Trump campaign. Meanwhile, the other news is the XRP CEO who has a direct relationship with Trump. There are high hopes regarding the closeness of these two great CEOs will be one of the candidates in the Trump crypto administration. In fact, it is rumored that one of them could replace Gary Gensler. If this happens, I don't think there will be any drama to the detriment of crypto in the future.

Source: https://fortune.com/crypto/2024/11/19/trump-and-coinbase-ceo-speak-by-phone-a-sign-of-cryptos-new-political-clout/

Reid

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Quote from: rdbase on November 04, 2024, 08:59:28 AM

Watch his hand when he puts it up to his earbud. He is shaking as if he is nervous it is going to come true! Cheesy

Now it's going to come true. Cheesy

I bet all the crypto influencers that he attacked are celebrating after they saw Trump won the election and it's probably a sweet revenge for them. They did not need to do anything but to vote for Trump and he will do the rest.

Gary Gensler Preparing to Exit SEC Chairman Role?

https://coinjournal.net/news/gary-gensler-preparing-to-exit-sec-chairman-role/

Quote

At the PLI’s 56th Annual Institute on Securities Regulation program, held on Nov. 14, Gary Gensler’s speech hinted at his nearing the end of his term as the SEC Chairman. This comes as speculation points to incoming President Donald Trump removing him from office.

Under Gary Gensler’s leadership, the SEC has adopted a regulation-by-enforcement model, which includes hazy regulations around cryptocurrency followed by enforcement actions against exchanges and protocols that default.

During his speech, Gensler referred to his job in the past tense as one of Trump’s campaign promises to the crypto industry was to fire Gary Gensler “on day one” of his presidential term.

He is moving on. That's nice. At least he knows that he is out and accepting it. It's better if he will leave peacefully to avoid the next Chairman from digging all the darkness that he did. But who knows, maybe they will still dig something so that every mistake that will be made by a new Chairman will be pointed at him. That will be entertaining.

Topic: Gary Gensler's SEC sues Crypto Influncers and posts on his Twitter as propaganda (Read 3303 times)