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Topic: Gary Gensler's SEC sues Crypto Influncers and posts on his Twitter as propaganda - page 2. (Read 3303 times)

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Ripple CEO Brad Garlinghouse joins the crypto community to celebrate crypto candidates’ victory and Donald Trump’s win in the 2024 presidential election. This has set the stage for crypto regulatory clarity, stablecoin regulation, Operation Choke Point 2.0 end, and the conclusion of US SEC attacks against crypto including the Ripple vs SEC lawsuit.

So Gensler out from SEC soon ?  Shocked

https://coingape.com/ripple-ceo-brad-garlinghouse-hails-crypto-voter-era-sec-lawsuit-conclusion/
legendary
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https://x.com/BitcoinNewsCom/status/1849535922850976110

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
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The US Presidential Election on November 5 could be a game-changer for XRP and the broader crypto market as trump as vowed to fire gensler on day one if he wins

Its also suggested that sec will be forged to withdraw its appeal against ripple

https://www.fxempire.com/forecasts/article/xrp-news-today-can-xrp-hold-0-50-as-election-and-sec-appeal-collide-1473392

legendary
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Gensler's days are number as the head of the SEC since from either side if they have him in that position after the selected party has won would be a red mark of their leadership skills of a nation.
With all the damage done by him on the crypto industry would be a big question mark posed by corporate entities such as BlackRock who have higher stakes on the line other than just those who hold crypto.
And the current damage being done with the Ripple labs lawsuit still being held in limbo.
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FBI Arrests US SEC Twitter Hacker Responsible For Fake Bitcoin ETF Approval Post
FBI arrests Eric Council Jr. for hacking the US SEC's X account, causing a Bitcoin price spike with a fake ETF approval tweet,causing Bitcoin to spike by over $1,000.
SIM swap attack leads to false SEC tweet, falsely claiming Bitcoin ETF approval.
Investigation reveals Eric Council's searches about FBI scrutiny before arrest for SEC X account hack.

https://coingape.com/fbi-arrests-us-sec-twitter-hacker-responsible-for-fake-bitcoin-etf-approval-post/
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US SEC To Appeal XRP Secondary Sales In Ripple Lawsuit, Says Ex-SEC

SEC may appeal court decision on XRP's secondary sales.
Ripple CEO challenges SEC's view of XRP as a security.
Bitnomial argues CFTC, not the SEC, should regulate XRP futures.

https://coingape.com/us-sec-to-appeal-xrp-secondary-sales-in-ripple-lawsuit-says-ex-sec/

hero member
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^Ooh, they are now fighting back. That's nice.

Teach SEC a good lesson and somehow make them come for it. The making others interested is the hardst part which we know is not going to work out.

https://townhall.com/columnists/jaredwhitley/2024/10/12/gary-gensler-has-to-go-n2646124
Gary Gensler Has to Go
Quote
For the first time since 2019, all five commissioners of the SEC sat down to testify in front of the House Financial Services Committee on September 24. The SEC has overseen a regulatory war against multiple industries that clearly goes outside the agency’s authority, and the hearing began with a scathing rebuke from Chairman Rep. Patrick McHenry (R-NC), who said Gensler’s legacy “will be defined by turning the once proud institution of the SEC into a rogue agency.”
So they missed some problems and then targeted cryptocurrencies to keep the good fragrance which I believe is a natural thing to when you are in the government. The only problem is, he did stepped out of the line or is it because there's a big money involved in this situation.
I won't say Gary Genser is good but I do believe he deserve this punishment of being hated by the people because he had been too aggressive with all the fights against cryptocurrencies.
legendary
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^I don't get it. It's done. What else do they want? Money? And then he resigned? Fishy indeed.


https://x.com/itzjoshuajake/status/1841598012243497210

The complete shared post.

https://x.com/bgarlinghouse/status/1841597085264839113

See? That's what I am saying above. Move on! What else do they want? From the next original post that was shared it was said that it was an "embarrassment for the agency". It is. They kept on chasing something that they will not win anymore and even the judges will definitely agree with that except if the SEC will be the judge. Grin

Let it go! - Frozen.
legendary
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SEC Chief Enforcement Officer resigned recently due to this ongoing court case with Ripple Labs so you know something is up.
They just appealed the case with the deadline for them to do something being October 7th, this was Gensler.
The other SEC divisional officers know this is a losing battle at this point and just sinking more money into a losing cause.

https://www.bitcoinsensus.com/news/sec-vs-ripple-appeals-case-as-chief-grewal-resigns/


https://dailycoin.com/why-ripple-thinks-the-sec-appeal-is-a-misstep-and-wont-succeed
hero member
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Honestly, he became the face of being hated by cryptocurrency supporters. He have done so much to drag the battle of Bitcoin ETF as long as he can and he still lost. The same with other ETF's. While the truth is, if the big boys comes knocking on him, he will have to open the door without even asking who they are. Cheesy
I do not hate the guy but like I said, he became the face that should be hated because of all his statements. Like a NBA franchise player that cannot get a championship so your own fans will make you the face to be hated even after you are traded.
Whatever Kamala decides, she is just hurting her vote numbers.
Yeah, he tried everything to postpone Bitcoin ETF approval but that's not the reason why I'm angry at him. I'm angry at him because he was saying he wouldn't accept Bitcoin ETFs because Bitcoin is volatile, easily manipulated and etc but the next day we see that the SEC confirms Bitcoin ETFs. Even during this approval, he said that he hated it but very soon after Bitcoin ETF approval, the SEC approved Ethereum ETFs. Gary is a liar, immoral, disloyal and traitor. It's a shame that such a man is the chair of something important.
Yeah, I think many of us in the crypto industry got angry with that. Gary Gensler doesn't have a good PR. He don't even need to tell that to the news, articles, or interviews. He can simply ignore it and tell the facts, not his own opinion. He is a government official, he should be good at lying first. Grin

https://www.livemint.com/market/gary-gensler-is-the-most-controversial-man-in-american-finance-11727765510468.html


Quote
How many Securities and Exchange Commission chairs can you name? Even in Washington it is hard to imagine a passer-by being able to come up with more than one. Perhaps the best known is Joe Kennedy, the sec’s first chairman, who took office during the Depression when Americans had lost faith in markets and were clamouring for protection against conmen and fraudsters. And he is most famous for fathering a president.

Yet during his time at the SEC, Gary Gensler, the current chair, has become remarkably well-known, even notorious. So much so that on July 27th, when Donald Trump, the Republican presidential candidate, gave a speech at a bitcoin convention, his biggest cheer came when he announced: “On day one I will fire Gary Gensler and appoint a new SEC chairman.” Mr Trump appeared taken aback by the roar. “I didn’t know he was that unpopular. Wow...Let me say it again.” He repeated: “On day one I will fire Gary Gensler.”

That first question was good. I cannot even name one, I don't even know Joe Kennedy until after I read this article. Surely, he is the most notorious and unforgettable SEC Chairman that will be in our stories someday when he is gone. Cheesy Fingers crossed, or maybe not.
legendary
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Honestly, he became the face of being hated by cryptocurrency supporters. He have done so much to drag the battle of Bitcoin ETF as long as he can and he still lost. The same with other ETF's. While the truth is, if the big boys comes knocking on him, he will have to open the door without even asking who they are.
I do not hate the guy but like I said, he became the face that should be hated because of all his statements. Like a NBA franchise player that cannot get a championship so your own fans will make you the face to be hated even after you are traded.
Whatever Kamala decides, she is just hurting her vote numbers.
Yeah, he tried everything to postpone Bitcoin ETF approval but that's not the reason why I'm angry at him. I'm angry at him because he was saying he wouldn't accept Bitcoin ETFs because Bitcoin is volatile, easily manipulated and etc but the next day we see that the SEC confirms Bitcoin ETFs. Even during this approval, he said that he hated it but very soon after Bitcoin ETF approval, the SEC approved Ethereum ETFs. Gary is a liar, immoral, disloyal and traitor. It's a shame that such a man is the chair of something important.
Didn't you see the leak of Gensler's speech by the SEC with all the edits put in so to make him look good than he truly is?
They hate him and want him out as head of the organization.
This would be the only reason why they leaked it, so to expose just how incompetent he really is and just how bad he is for their commission's reputation as a whole.
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Honestly, he became the face of being hated by cryptocurrency supporters. He have done so much to drag the battle of Bitcoin ETF as long as he can and he still lost. The same with other ETF's. While the truth is, if the big boys comes knocking on him, he will have to open the door without even asking who they are. Cheesy
I do not hate the guy but like I said, he became the face that should be hated because of all his statements. Like a NBA franchise player that cannot get a championship so your own fans will make you the face to be hated even after you are traded.
Whatever Kamala decides, she is just hurting her vote numbers.
Yeah, he tried everything to postpone Bitcoin ETF approval but that's not the reason why I'm angry at him. I'm angry at him because he was saying he wouldn't accept Bitcoin ETFs because Bitcoin is volatile, easily manipulated and etc but the next day we see that the SEC confirms Bitcoin ETFs. Even during this approval, he said that he hated it but very soon after Bitcoin ETF approval, the SEC approved Ethereum ETFs. Gary is a liar, immoral, disloyal and traitor. It's a shame that such a man is the chair of something important.
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^Damn! That's long @rdbase. I went directly to the link you provided with some good comments indeed. I think the last guy in the comment section was right. It's a long document of suggestions and changing of the script which for me is just to make the explanation plain and could be easily understood by those who are non in the financial industry.

Why should we get ready for more red towards Bitcoin? Gary Gensler didn't want to approve Bitcoin ETFs but what did he finally do? He was forced to approve because big guys like BlackRock wanted to get it approved. Gary was talking about how he dislikes crypto and Bitcoin ETF approval and the next month he approved Ethereum ETFs and I bet more ETF applications are coming soon. I think that it doesn't matter whether Gary works as an SEC chairman or US Treasury Secretary, everything will be as the big boys want. In fact, if I were Gary, I would never show my face to the public because of how much shame he ate during ETF approval.
Cheesy
Honestly, he became the face of being hated by cryptocurrency supporters. He have done so much to drag the battle of Bitcoin ETF as long as he can and he still lost. The same with other ETF's. While the truth is, if the big boys comes knocking on him, he will have to open the door without even asking who they are. Cheesy
I do not hate the guy but like I said, he became the face that should be hated because of all his statements. Like a NBA franchise player that cannot get a championship so your own fans will make you the face to be hated even after you are traded.
Whatever Kamala decides, she is just hurting her vote numbers.
legendary
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SEC has to be more careful with what they deem as a security now that BlackRock are pulling the strings behind the scenes at the top of their organization:

https://cryptoslate.com/the-sec-regrets-confusion-it-may-have-invited-stating-some-tokens-are-securities

Binance seems to have taken the brunt of all the hate from the SEC when it came to cryptocurrencies and regulation:
https://www.coindesk.com/policy/2024/09/16/sec-places-heavier-scrutiny-on-binances-token-listing-trading-process-in-proposed-amended-complaint

Also the SEC and Gary Gensler seem to have some differences after all when they leaked his draft speech:



https://protos.com/sec-accidentally-uploads-gary-genslers-draft-speech

Comments on this leak are quite something else and worth the read:
https://www.theverge.com/2024/9/10/24241063/oops-the-sec-posted-a-draft-of-a-gary-gensler-speech
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^^
True!

source: https://en.bitcoinsistemi.com/breaking-kamala-harris-is-allegedly-considering-sec-chairman-gary-gensler-as-us-treasury-secretary-if-she-wins-the-election

Then get ready for more red towards your bitcoin and all of cryptocurrenies if she does.

Why should we get ready for more red towards Bitcoin? Gary Gensler didn't want to approve Bitcoin ETFs but what did he finally do? He was forced to approve because big guys like BlackRock wanted to get it approved. Gary was talking about how he dislikes crypto and Bitcoin ETF approval and the next month he approved Ethereum ETFs and I bet more ETF applications are coming soon. I think that it doesn't matter whether Gary works as an SEC chairman or US Treasury Secretary, everything will be as the big boys want. In fact, if I were Gary, I would never show my face to the public because of how much shame he ate during ETF approval.
hero member
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In just a year? Damn! That a huge amount of money for just a year of being seated in SEC and I think it's obvious because he was targeting most of the big companies out there.

SEC Under Scrutiny: House Republicans Investigate Gensler’s Political Hiring Practices
https://blockonomi.com/sec-under-scrutiny-house-republicans-investigate-genslers-political-hiring-practices/

Quote
The investigation stems from concerns that SEC Chair Gary Gensler, a Democrat, may be prioritizing candidates from left-leaning organizations for key roles within the agency. In a letter dated September 10, 2023, the lawmakers requested that Gensler provide extensive documentation related to the SEC’s hiring processes since April 2021.

Quote
The letter states, “As this correspondence suggests, the SEC appears to be unlawfully considering an applicant’s political ideology when hiring bureaucrats.”
If proven, this will be a problem for the SEC chairman and maybe some others who helped him do it.

It's kind of awkward now.
They will be the one being investigated now unlike the way they did in the past years where they are the one investigating different cryptocurrency companies.
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source: https://cryptoslate.com/record-4-68-billion-fines-mark-secs-toughest-year-on-crypto

Any this was under which administration again? Repeated for the next four years is what all crypto users want right?
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
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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.
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