Gary Gensler's SEC sues Crypto Influncers and posts on his Twitter as propaganda - page 2.

rdbase

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Binance and CZ were investigated into money laundering and the selling of securities by the SEC:

The above was posted up just a day before another law suit against the company were released from others involved.

Ever since there has been a target put on the crypto exchanges back for more law suits to be filed with the latest one happening to Ronaldo:
https://www.forbes.com/sites/zacharyfolk/2023/11/29/cristiano-ronaldo-faces-1-billion-class-action-lawsuit-for-promoting-binance/?sh=34d341964d1d
It seems the same lawyers from a Miami law firm are representing the cases against the celebrity sport stars who were promoting these crypto exchanges:
https://www.marketwatch.com/story/why-do-people-keep-suing-celebrities-like-ronaldo-and-tom-brady-over-their-crypto-losses-2b0624af

Ben Barubal

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Kardashian has a very large number of followers in the world of social media platforms. There are around 331 million followers; maybe only 1/4 of them will get to invest in the crypto that they are promoting. For sure, the one who paid the influencer is very generous.

Then the influencer who promoted it also for sure made a million dollars from what he did, but honestly, I don't know if I will be happy with what Gary Geisler is doing because it is the number one opposition of decentralized cryptos in this field. Everything they can earn that they can control, they will do. It's okay if the influencer did a trick for which they paid a fine.

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Quote from: Marvelman on November 21, 2023, 03:51:56 PM

Quote from: rohang on November 21, 2023, 03:08:26 PM

All this just when btc was on the rise...

This has nothing to do with Bitcoin, so hopefully it won't affect the price much. As far as I can see, not even the BNB price has been significantly affected yet, and is currently back to the values before today's pump.

Neither has moved on the news which hit cryptocurrency related users like a sledgehammer late yesterday.
Don't believe anybody saw these charges coming all at once towards his company during the briefing and prior to him needing to step down as CEO due to the nature of the crimes he was accused of.

Here is a news report from ABC News which runs down what occurred with the SEC on this matter:
https://www.msn.com/en-us/video/news/is-the-largest-global-cryptocurrency-exchange-binance-a-fraudulent-front

@target CZ also had to pay $50 million that was not part of the $4.3 billion settlement towards Binance yesterday. People have also mentioned he was paying the CCP since his family is from there and still has ties to China even though he has citizenship elsewhere.

Funny thing is the SEC was suing Jesse Powell the CEO of Kraken exchange yesterday. Then news broke about CZ and Binance resulting with all the focus on them instead.
https://cryptonews.com/news/kraken-exchange-ceo-jesse-powell-slams-sec-for-assault-on-america.htm

rohang

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Quote from: Marvelman on November 21, 2023, 03:51:56 PM

Quote from: rohang on November 21, 2023, 03:08:26 PM

All this just when btc was on the rise...

This has nothing to do with Bitcoin, so hopefully it won't affect the price much. As far as I can see, not even the BNB price has been significantly affected yet, and is currently back to the values before today's pump.

Directly yes it has nothing to do with bitcoin, but huge news like this that may appear to affect one particular crypto in general always has ripple effect for most other cryptos as well.
However yes, its gonna be a day since the news broke soon and i am glad it didnt affect the prices as it protentially could have.. Grin

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Quote from: rohang on November 21, 2023, 03:08:26 PM

All this just when btc was on the rise...

This has nothing to do with Bitcoin, so hopefully it won't affect the price much. As far as I can see, not even the BNB price has been significantly affected yet, and is currently back to the values before today's pump.

target

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Quote from: rohang on November 21, 2023, 03:08:26 PM

Another possible hit to crypto world today as binance agrees to pay 4 BILLION $ fine to end the US legal action against them

Sadly, this also means CZ will be resigning as the CEO
;(

All this just when btc was on the rise...

One by one they are targeted. $4B is a penny to CZ,, he probably has 100B in his account but paying means admitting his criminal charges without litigation which is like this settlement will be the pay for the DOJ to stop harassing CZ. But I think CZ will also pay to make this stop and he can move on. Probably doesn't want the CCP to come join grilling him and ask another $4B from him.

rohang

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Another possible hit to crypto world today as binance agrees to pay 4 BILLION $ fine to end the US legal action against them

Sadly, this also means CZ will be resigning as the CEO
;(

All this just when btc was on the rise...

rdbase

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FTX founder Sam Bankman-Fried was sentenced today and found guilty on all charges of committing fraud.

In other crypto-related celebrity news there was a case of a rather well known superstar in the NBA who had to flee from his mansion from the so called Crypto King:
"Shai Gilgeous-Alexander says he was forced to flee his $8.4 million mansion after a threatening visit from a stranger looking for Ontario’s self-proclaimed Crypto King Aiden Pleterski."
source: https://protos.com/nba-star-flees-8m-mansion-amid-threats-from-crypto-king-victims

rdbase

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^^
That is some huge news to drop from a case that the whole entire cryptocurrency space has been waiting to hear about the result too.
SEC dropped the legal case against the founders of ripple but there has been news that Gary Gensler can still appeal at a later date. So it is sort of a mute point since it doesn't mean much if SEC decides to go this route.
The cryptocurrency markets did respond to it when it initially was released a couple of days ago but has recessed a bit now of hearing such an appeal can still be in the works.
It is stalling tactic that the SEC and Gary is known for so don't be fooled.

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Just saw on a youtube live stream that SEC has dropped its case against XRP/Ripple's Leaders

As a result today XRP Registered Biggest Single-Day Gain in 3 Months.
This is a huge win for XRP backers and other crypto in general as well Grin

https://www.businesswire.com/news/home/20231019165876/en/In-Landmark-SEC-Surrender-Ripple-CEO-Brad-Garlinghouse-and-Executive-Chairman-Chris-Larsen-Are-Cleared-Of-All-Baseless-Allegations

https://www.coindesk.com/markets/2023/10/20/xrp-registers-biggest-single-day-gain-in-3-months-after-sec-drops-charges-against-ripples-leaders/

Its been 3 years since the SEC accused Ripple Labs of violating security laws to raise billion+

Reid

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^CZ. I remember when he posted something about BitBoy too.

https://x.com/DevKhabib/status/1704875945612505445?s=20

And now, BitBoy is in the hot zone.
https://decrypt.co/198741/ben-bitboy-armstrong-reportedly-arrested-after-livestream-rant

Quote

Crypto influencer Ben Armstrong, ex-host of the Bitboy Crypto YouTube channel, was arrested last night by Gwinnett County police while livestreaming outside his former business partner's house—who he alleges has his Lamborghini.

A crypto influencer who was also cornered because of supporting or promoting FTX.
I don't know what happened to this guy. IMO, he ain't thinking straight anymore. He livestreamed someone else property, he brought a gun, and to make it worse his woman who he is having an affair with.
Now the donation thing stream that he did is getting worse feedback and I doubt he will get any penny now.

He is already released on bail but he put some scar on his reputation.

Quote

Crypto influencer Ben Armstrong has been released on bail after he was arrested during the late hours of Monday after an apparent confrontation with his former business partner, part of which was live-streamed on X, formerly Twitter.

https://www.coindesk.com/policy/2023/09/26/ben-token-plunges-30-as-crypto-influencer-ben-armstrong-apparently-arrested/

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After all the bad news with the SEC attacking Binance it didn't look too good for the US half of the site. Especially with two of the last CEOs resigning and one being investigated recently, this FUD seemed to be at the right time.
But now the judge has thrown out the case against CZ and this is a live shot of what he has to say to Gary Gensler and the SEC

https://twitter.com/valueandtime/status/1703916149677740375

https://cointelegraph.com/news/evidence-in-sec-suit-includes-2022-testimony-of-binance-us-long-silent-ex-ceo

https://fortune.com/crypto/2023/09/13/binance-us-ceo-departs-100-employees-laid-off/

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Quote from: rdbase on August 03, 2023, 10:04:28 AM

SEC goes after another crypto influencer but this one had created their own blockchain to rival ethereum for the go to for smart contracts called HEX:
https://nationworldnews.com/sec-sues-influencer-who-promised-to-outperform-bitcoin-and-ethereum
https://ihodl.com/topnews/2023-08-01/sec-sues-hex-founder
https://www.ccn.com/news/sec-sues-hex-founder-unregistered-securities

Funny thing is, Gary Gensler and the SEC chose to have this court case filed on the same day as a film about the HEX founder came out:
The Highest of Stakes: The new crypto king or billion dollar conman trailer: https://www.youtube.com/watch?v=KtfjEg_ou6c

It's been a long time since I heard the ICO (Initial Coin Offering) and it comes out again. I heard the PulseX project before, but I never had the chance to check it out.

It looks like SEC or should I say Gary Gensler won't stop at this point and there may be more projects that will come out being filtered out by them. He may be busy with checking out the AI technology injected in cryptocurrencies, but he won't stop suing more.

I found some recent news about SEC and Gensler.
https://www.coindesk.com/policy/2023/08/15/republican-lawmakers-demand-gensler-tell-them-how-prometheum-got-sec-approval/
Republican Lawmakers Demand Gensler Tell Them How Prometheum Got SEC Approval

Quote

“The timing of the approval raises concerns that it was aimed at demonstrating that legislation is not needed because there is a workable regulatory framework for the custody of digital asset securities,” the letter said. The lawmakers also sent a letter to the head of the Financial Industry Regulatory Authority (FINRA) – an industry-funded group that sets and enforces securities standards under the SEC’s watch.

Quote

The letters raise “serious questions” about whether the SEC championed Prometheum as a poster firm to represent Gensler’s position that no new laws are needed to regulate and police crypto in the U.S.

Ooh. That is quite a serious question indeed.

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SEC goes after another crypto influencer but this one had created their own blockchain to rival ethereum for the go to for smart contracts called HEX:
https://nationworldnews.com/sec-sues-influencer-who-promised-to-outperform-bitcoin-and-ethereum
https://ihodl.com/topnews/2023-08-01/sec-sues-hex-founder
https://www.ccn.com/news/sec-sues-hex-founder-unregistered-securities

Funny thing is, Gary Gensler and the SEC chose to have this court case filed on the same day as a film about the HEX founder came out:
The Highest of Stakes: The new crypto king or billion dollar conman trailer: https://www.youtube.com/watch?v=KtfjEg_ou6c

rdbase

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Quote from: ChiBitCTy on July 13, 2023, 08:28:32 PM

I haven't looked real deep in to the situation but I can say that I'm glad he put all of these scumbags on blast. There's nothing more sickening to me than rich "influencers" (which the term makes me want to puke) who either knowingly or unknowingly promote these ponzi schemes. Floyd Mayweather is probably the best example. What a scumbag pos human being he it. I can't stand any of these people you listed, and it's unfortunate that they didn't get more severe punishments.

You mean like what Carlson told Andrew Tate he should of done to get away with billions such as SBF did with the FTX crypto exchange?

https://twitter.com/VentureCoinist/status/1678891376468176899

Unfortunately that happened on Bad Old Gary's watch at ivory tower of the SEC.
Which seem to be crumbling now with one of the biggest cases against cryptocurrency evaporating before his eyes.

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I haven't looked real deep in to the situation but I can say that I'm glad he put all of these scumbags on blast. There's nothing more sickening to me than rich "influencers" (which the term makes me want to puke) who either knowingly or unknowingly promote these ponzi schemes. Floyd Mayweather is probably the best example. What a scumbag pos human being his it. I can't stand any of these people you listed, and it's unfortunate that they didn't get more severe punishments.

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With the recent announcement of the ripple (xrp) court case coming near a close let's look what the one who filed it had to say about it before today's verdict in the cryptocurreny's favor:
These are interesting Ripple vs. SEC court case timeframes by Gary Gensler.
https://twitter.com/MrManXRP/status/1679507336749101056

What are your thoughts?

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Quote from: dansus021 on July 03, 2023, 08:45:04 PM

Quote from: franky1 on October 03, 2022, 12:17:52 PM

why hasnt the SEC gone after all the BSV influencers

They will not ever come to BSV influencers because BSV is not a security Grin

and besides that, the BSV is the original of Bitcoin the satoshi vision they will not ever get chase by the government Grin

BSV is a fork of Bcash. It is not, nor will it ever be the original Bitcoin. I didn't even know there was such a thing as BSV influencers. Who is there to influence? Only idiots would fall for this scam fork. It is not a security because it has lost so much value that no reasonable person should expect to make a profit from investing in this joke coin. There are much bigger scams for the SEC to worry about and collect bigger fines from.

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So that's why it is pumping along with Bitcoin Cash (BCH), since as you have stated they are the "real bitcoin".
The government won't chase it solely because it hasn't gone over what their target for buying it all up is yet.
If you get what I mean.

Maybe Goober Gary can help them both out:
Lil Bubble - Gary Gensler - Smells Like Securities (Eminem - Without Me - Crypto Version)
https://www.youtube.com/watch?v=xfwpAhlVALQ

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