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Topic: Gary Gensler's SEC sues Crypto Influncers and posts on his Twitter as propaganda - page 2. (Read 2912 times)

legendary
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https://x.com/bitcoinlfgo/status/1832780457013846334

Yeah let those who don't want Gary Gensler out of the SEC keep crying about it and those who choose the right candidate will be drinking those tears! Grin
hero member
Activity: 3052
Merit: 651
You are right about that @rdbase.

Bitcoin Could Sink to $30,000 If Kamala Harris Wins Election, Says Bernstein

https://decrypt.co/248493/bitcoin-could-sink-to-30000-if-kamala-harris-wins-election-says-bernstein
Quote
In a stark assessment of the upcoming U.S. presidential election’s potential impact on the crypto market, analysts at Bernstein have forecast that Bitcoin could test the $30,000-$40,000 range if Vice-President Kamala Harris emerges victorious.

Quote
The report suggests that a Harris victory could lead to a continuation of the challenging regulatory environment that has plagued the crypto sector in recent years.

Way different than how they are predicting it if Trump wins.
Gary Gensler's name was not surfaced on the article but I bet that's one of the reason why many crypto analyst are predicting it the other way around since he is one of the main reason why regulations are slowed down.
legendary
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hero member
Activity: 3052
Merit: 651
Have you guys read about this?

Kamala Harris’ Donors Privately Urge Firing of FTC’s Khan, SEC’s Gensler
https://finance.yahoo.com/news/kamala-harris-donors-privately-urge-184515866.html

Quote
Major Democratic donors on Wall Street are increasingly pushing Kamala Harris’ team to replace top regulators Lina Khan and Gary Gensler if the vice president wins in November.

Quote
Meanwhile, Gensler, whose term as head of the Securities and Exchange Commission is up in 2026, is disliked privately by both Democratic and Republican donors, some of the people said. Gensler has pushed for tougher regulations, but donors have particularly bristled at what they perceive as him talking down to Wall Street, the people said.

Ouch!
But there are also rumors that Kamala Harris wants to keep Gary Gensler in his position which is against what Donald Trump is pushing. The problem is, this are donors who might have a say about how the new president should run things. Without their support the winning chance might get lower and I bet both presidential candidate needs every possible vote they can get as the fight is too close that it's hard to predict which will win this political battle.
full member
Activity: 998
Merit: 157
Anyone following "influencers" without doing any real[1] research of their own because of laziness deserve to get robbed by this scams.

I can only shed a tear of laugh to all the people who lost money because of influencers.

So many people say "DYOR", but not many know HOW to do proper research.

1. People are just listening for days on youtube what other "analytics" have to say and call it a research

So called influencers are scum of the earth pulling off scams one after another.
Never trust a yt or tiktok video



https://insidebitcoins.com/news/crypto-leaders-slam-sec-and-gary-gensler-for-targeting-nft-marketplace-opensea-with-wells-notice

News of (SEC) and its Chair Gary Gensler for issuing non-fungible token (NFT) marketplace OpenSea with a Wells Notice has not been taken well with crypto leaders
jr. member
Activity: 28
Merit: 37
Anyone following "influencers" without doing any real[1] research of their own because of laziness deserve to get robbed by this scams.

I can only shed a tear of laugh to all the people who lost money because of influencers.

So many people say "DYOR", but not many know HOW to do proper research.

1. People are just listening for days on youtube what other "analytics" have to say and call it a research
legendary
Activity: 2828
Merit: 1497
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Old Man Gary is hurrying it up with these lawsuits against everything to do with crypto lately.
He knows the end is nigh for him come November as it has been vowed he will not be in that position once the heads change in the presidential office. And drunk Old woman can not save him.

Here is another long running case against another well known cryptocurrency with a huge following.

Hex Founder Richard Heart’s Bid to Dismiss SEC Fraud Lawsuit Fails

source: https://www.cryptomak.co.uk/hex-founder-richard-hearts-bid-to-dismiss-sec-fraud-lawsuit-fails

This lawsuit was a billion dollar securities fraud lawsuit against the owner of HEX Richard Heart who had a movie called The Highest Of Stakes released last year revolving around his lavish lifestyle.
So this got Mad Dog Gary after him showing off all that money in the movie wearing Gucci and driving crypto bros in lambos across the world sailing in Super Yachts.
So of course Greedy Gensler would want to sue him at any means necessary so to confiscate those funds and assets for his agency.
hero member
Activity: 3052
Merit: 651
What a shame. Demonr… I mean the democrats are pressing all the buttons at the same time. Sorry Kabala you can’t win that way. You will get effed by Liu Kang at stage 2. You are either pro-crypto or anti-crypto and you made your decision pretty clear. You are the enemy of bitcoin.



Didn’t Trump say that he would fire Gary Gensler once he gets elected? I think the decision is clear if you are a crypto supporter.
That was hilarious. Finish him!!! Old school.

Yes Trump said that and it was crystal clear. Gensler should try siding with other political players because there's no way Trump will help him out and in fact he want him out and I don't care if this is for the PR of getting more votes but it is definitely working.

And another big company is going to be tried.

SEC’s Case Against Kraken Will Proceed to Trial, California Judge Rules
https://www.coindesk.com/policy/2024/08/26/secs-case-against-kraken-will-proceed-to-trial-california-judge-rules/
Quote
A federal judge ruled that the Securities and Exchange Commission had brought plausible allegations against crypto exchange Kraken, meaning its lawsuit will proceed to trial.
The SEC sued Kraken last year, alleging the exchange failed to register as a broker, exchange or clearinghouse.

Prepare your popcorns. This is going to be a long battle again and it probably end up as a not desirable result and impact to the cryptocurrency industry.
This guy Gensler is really something. I don't know how is doing it but I think he likes adding more fuel to the fire. Well, I hope he won't burn himself in the process.
legendary
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Merit: 1497
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The ETFs were approved, the US remained the largest hashrate nation, crypto apps became ubiquitous in the USA, and Bitcoin went up 500%.
The SEC are a paid organization to whomever funds them.
https://cryptodaily.co.uk/2024/08/sec-blocks-cboes-solana-etf-filings-amid-regulatory-concerns

If the SEC just do whatever they do based on who pays them, then why do you so desperately want Donald Trump to win?

As I keep saying, Trump supporters here are Trump supporters who want abortion to be illegal in the USA for religious reasons, and it
has nothing to do with crypto
.

Also, when you strongly and constantly advocate for a political party to win the next election, your thread is absolutely, positively political.

If you are advocating for Trump to win, you are advocating for everything he stands for, including raping women, which he was found in a court of law to have done... for instance.

Told you the next instance to try make this one of your political rants your post will be removed.
keep it to your own threads.

This thread is about Gary Gensler and not solely about politics.

Read the forum rules as it is posted on all self-moderated threads if you want to post on them!
That is what they are there for. idiot
legendary
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Donald Trump is getting into the crypto business himself, personally. That means everybody in the industry could be competing with the President of the United States in their business. Go ask somebody in Russia if they want to compete with Putin, or in China if they want to compete with Xi. That's what it will be like under Trump.

Advocating for Trump is advocating for massive change in the USA, for instance deporting 5% of our workforce and getting into a trade war with China. The kind of radical change that could completely wreck the conditions where Bitcoin went up 500%.
You are the Andrew Tate of bctalk forums you realize that right?

Andrew Tate Furious After Getting released - posted 14 hours ago
https://www.youtube.com/watch?v=0SYvFe_OhJ8

Everything you say on here is just as twisting of facts to your own delusional world.
No matter what anybody else says it will be the same utter fallacies.
Just like a broken record and pointless to argue with such an individual.
This is not a political thread that is why it is not in the political topic.
It is about a member of the SEC Gary Gensler and how he should be fired once a new party is sworn into office just as Mindrust had said one above.
Completely clear topic and I suggest you stay on it or any further ones will be moderated.

Back to the subject at hand:
The ETFs were approved, the US remained the largest hashrate nation, crypto apps became ubiquitous in the USA, and Bitcoin went up 500%.
The SEC are a paid organization to whomever funds them.

https://cryptodaily.co.uk/2024/08/sec-blocks-cboes-solana-etf-filings-amid-regulatory-concerns
legendary
Activity: 3276
Merit: 2442
Democratic party announces they will make Gensler their Treasury Secretary if elected into office:

https://www.thecoinrepublic.com/2024/08/20/sec-chair-gary-gensler-may-be-the-next-treasury-secretary-report

Defend them more if you want Harris and her politics against crypto dictate of how you handle it next year.

What a shame. Demonr… I mean the democrats are pressing all the buttons at the same time. Sorry Kabala you can’t win that way. You will get effed by Liu Kang at stage 2. You are either pro-crypto or anti-crypto and you made your decision pretty clear. You are the enemy of bitcoin.



Didn’t Trump say that he would fire Gary Gensler once he gets elected? I think the decision is clear if you are a crypto supporter.
member
Activity: 158
Merit: 21

On August 22, the manager of Grayscale Asset launched a new investment fund for a native token known as Avalanche's native token, AVAX, which will give investors opportunity to be exposed to AVAX , which is a three-chain smart contract platform.

Grayscale has a suite of more than 20 investment products. Source: Grayscale.

https://cointelegraph.com/news/grayscale-launches-investment-fund-avax-token.








hero member
Activity: 3052
Merit: 651
The first bitcoiners were cyberpunks.
So I don't know what you are trying to prove on a forum that the very foundation was built on their rhetoric.

So luckily the rumor about Old Gary being part of office if the democrats win was debunked a few hours after mentioning about it:

https://cryptoslate.com/senate-insiders-claim-harris-eyeing-gensler-for-treasury-as-dnc-skips-adding-crypto-to-platform
Great news just to clear things out. Not that I am against him but I think this will do good for Harris if he is eyeing for the support of the cryptocurrency fans. Gary Gensler has a bad reputation for them and if he is going to continue punishing crypto companies then I think many crypto fans would not vote for that politician. What Trump said at firing him once he is elected is the better choice.  Grin

Here's a fact that will blow the minds of many in the crypto community: most people actually like their government, and they definitely don't want to fight it.
Proof? I don't think that's how it goes. Isn't it the other way around?

Not all regulations are good, and some can be terrible, but that's not the conversation anybody wants to have. Gensler--and anybody who replaces him--is simply demonized as "evil" because he's part of "the government".

Do you want to be part of the 10x future of digital currency? Stop thinking like a cyberpunk and start thinking like a business person...
Ever since Gensler sat as the Chairman of SEC, so many things happened in the crypto industry that are truly questionable. And about the part where someone replaces him. What if the next one is a cryptocurrency supporter? I think that will change everything.
I think you are contradicting yourself here. You say most people "likes" their government and then demonized as "evil"?

It's because there's no transparency at what they are doing which is why there's always doubt lingering in their people. For Gary Gensler it's different, he have some kind of personal feud against cryptocurrencies and not about keeping it straight.
legendary
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The first bitcoiners were cyberpunks.
So I don't know what you are trying to prove on a forum that the very foundation was built on their rhetoric.

So luckily the rumor about Old Gary being part of office if the democrats win was debunked a few hours after mentioning about it:

https://cryptoslate.com/senate-insiders-claim-harris-eyeing-gensler-for-treasury-as-dnc-skips-adding-crypto-to-platform
legendary
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Democratic party announces they will make Gensler their Treasury Secretary if elected into office:

https://www.thecoinrepublic.com/2024/08/20/sec-chair-gary-gensler-may-be-the-next-treasury-secretary-report

Defend them more if you want Harris and her politics against crypto dictate of how you handle it next year.
hero member
Activity: 3052
Merit: 651
^Calm down @rdbase. Cheesy
I guess it's just lack of information which is why the lack of understanding what the real case is. Your blood pressure is skyrocketing. Grin Just kidding bro.

Here's to make it clear @legiteum.

Quote
Ripple, the issuer of XRP, has long been ensconced in a legal battle with the Securities and Exchange Commission over allegations of offering an unregistered security. However, it appears to have been let off lightly by paying a penalty of $125 million.
https://www.crowdfundinsider.com/2024/08/228629-pyrrhic-victory-for-sec-ripple-pays-penalty-of-125-following-sec-action-settlement/

Quote
“The SEC asked for $2B, and the Court reduced their demand by ~94%, recognizing that they had overplayed their hand. We respect the Court’s decision and have clarity to continue growing our company. This is a victory for Ripple, the industry and the rule of law. The SEC’s headwinds against the whole of the XRP community are gone.”

Actually he said it all there above and I am just sharing another article to prove what he is saying. It's not a made up number. The SEC is really asking for a higher price because they know XRP have the money.
So, is it a win or not?

Gary Gensler will keep on digging more money even if it's from a make believe. Luckily, the judge seems to know more and he won't dry Ripple after winning their case.
legendary
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Yes, the fiend SEC's were looking for $1bln +$900mln equaling out to $1.9Billion with a capital B!

So you are saying that is not a win?!

And yes, AGAINST ALL OF CRYPTOCURRENCY.

If Trump does not win and Gary Gensler is still left as head of the SEC he will continue on because he is APPEALING the judges ruling AGAINST the SEC once again.

How is this not clear to you?

Or are you just a troll on this thread who is with what the SEC are doing?

Another one settled by the judge against the SEC and old man Gary loses his most prized lawsuit against cryptocurrencies being a security.
It is a win because he can't try and weasle into law it being deemed a security in the future.

https://www.coindesk.com/policy/2024/08/07/judge-fines-ripple-125m-bans-future-securities-law-violations-in-long-running-sec-case


"Against"? Did you read that article? XRP was ordered to pay $125m.
For somebody who is promoting for an alt-coin you would think they would be against what Gary Gensler is trying to do since it is all detrimental to their very own project. Roll Eyes

Idiotic statement. Since once Gensler wins yet another case, his first was against Binance with CZ former CEO going to jail, he will go after the rest on his hit list.
legendary
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Another one settled by the judge against the SEC and old man Gary loses his most prized lawsuit against cryptocurrencies being a security.
It is a win because he can't try and weasle into law it being deemed a security in the future.


https://www.coindesk.com/policy/2024/08/07/judge-fines-ripple-125m-bans-future-securities-law-violations-in-long-running-sec-case
hero member
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https://en.cryptonomist.ch/2024/08/06/the-sec-asks-the-new-york-court-to-deny-the-aggressive-requests-of-the-exchange-coinbase/

The SEC asks the New York court to deny the aggressive requests of the exchange Coinbase
Quote
The Securities and Exchange Commission (SEC) of the United States has just responded to the subpoena request from the exchange Coinbase, inviting the New York court to pay attention to the delicate issue.
According to the officials of the supervisory agency, the crypto exchange would have requested the review of mountains of documents useless for the purposes of the case.
Among the claims made by Coinbase, there would also be emails from Gary Gensler dating back to his period before being appointed as president.

Here is the problem. Coinbase became a vengeful business because they felt they are attacked. I won't blame them because I felt the same way at what SEC did to them. It's like all eyes are on them ever since SEC started grilling them.
But, this is the wrong path. There was even a time when they tried to request an open email of the SEC Director but that won't happen due to privacy. Don't fight fire with fire or don't fuel the fire.

XRP didn't do it this way and look what good it brought them. There's always a better path but avoid the chaotic one.
legendary
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Gensler is a weasle. We all knew this from the very start.
When he claimed to have taught a class on blockchain technology and then become head of the SEC, you would think he would understand what cryptocurrency was.
But he doesn't, at all.
Hence these frivolous lawsuits against all the above mentioned projects and more.
Which will be undeniably be thrown out of the court anyways when the judge sees he is favoring coinbase over binance for the exactly same reasons. So he might as well continue with the process of dropping the case (this was the precursor).
Only that coinbase is needing to bypass any laws put in place by his corrupt organization against any kind of crypto because they are the holder's of BlackRock Bitcoin Spot ETF clients holdings.
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