There is a call to have Gary Gensler to get removed from the SEC by the other house representatives.
He might have seen this coming since he started to go after these major exchanges where previously they said they have gone by the rules of regulation they have enforced these companies to follow operating in the United States.
Topic: Gary Gensler's SEC sues Crypto Influncers and posts on his Twitter as propaganda - page 4. (Read 1418 times)
June 13, 2023, 08:47:42 AM
June 08, 2023, 10:56:59 AM
Gensler won't matter anymore, I am so sure of this, he didn't know what is coming for him, Binance exchange has the best lawyers like I've heard, they will go all lent to come out with flying colors, and if Binance win this fight, it's over for SEC and Gensler.
There was a quote and the owner of Binance CZ who is very active on twitter who stated they are spending $1 billion usd in lawyers fees just to fight these lawsuits.
So you know they will have better lawyers than even the U.S government is willing to afford to fight their exchange.
Because they also have Coinbase to fight against at the same time.
At this point I am thinking Gary Gensler is just relying on fear right now because there are other exchanges that want to fight the what his organization is doing aswell with news of Kucoin starting to delist several of the coins listed on their securities tab.
Shower thought. The U.S. government might not stop with shitcoins, where Bitcoin-only HODLers want it to. Because if they're successful in stopping shitcoins, won't it encourage them to start going after Bitcoin as well?
I'm starting to believe shitcoins have their own uses, such as distracting the SEC to keep investigating on them instead of Bitcoin. Hahaha.
June 08, 2023, 09:08:34 AM
SEC's strangest IMO, it says unregistered exchange. Shouldn't an IPO go through SEC due diligence first? If it's unregistered, why is it allowed for an IPO on the NASDAQ? Here you can see where the SEC is headed.
- In the end, the SEC will ask that the Coinbase account be blocked. Even though Coinbase users are 99% from America. This is not protecting, but troubling its own people.
- This SEC lawsuit has a bigger impact on Coinbase than it does on Binance. Because the Binance market is global.
- COIN share price fell 12%
- 2 Days ago Binance, Yesterday Coinbase, Maybe tonight Crypto(com), or Gemini
BinanceUS assets will be frozen by the SEC. Binance US & Binance are different entities. The trade volume is only 2% from Binance Global.
First of all, if every company that is listed ended up being the same as they were listed then we would have no crimes and SEC would never look into any company with a stock on the market. Obviously some companies do get listed because they are legit at the time and then they do something that is against the law and they end up getting checked. - In the end, the SEC will ask that the Coinbase account be blocked. Even though Coinbase users are 99% from America. This is not protecting, but troubling its own people.
- This SEC lawsuit has a bigger impact on Coinbase than it does on Binance. Because the Binance market is global.
- COIN share price fell 12%
- 2 Days ago Binance, Yesterday Coinbase, Maybe tonight Crypto(com), or Gemini
BinanceUS assets will be frozen by the SEC. Binance US & Binance are different entities. The trade volume is only 2% from Binance Global.
This is why I believe that it would not be fair for them to actually do anything that would be risky when they have it all on their hands, and that's why SEC will find nothing. However, looking at how the market was afraid we could easily say that it is not the thought in peoples minds, they are basically saying if SEC is looking into something then they are looking into it and something may happen.
June 08, 2023, 09:00:36 AM
Great news for all of cryptocurrencies about now, huh, wouldn't you agree?
This is going to drive away mainstream investors and have an affect for the rest of the Crypto Winter that we are all in right now.
Not sure if this is great news for Bitcoin, they could easily turn their guns towards Bitcoin in the same way with a slight story change.This is going to drive away mainstream investors and have an affect for the rest of the Crypto Winter that we are all in right now.
I don't trust anything that government does, they don't care about people and they don't want people to have any freedom, especially with the money.
Just wait until they switch into fifth gear with their CBDC crap soon, and than you will see similar twitter posts about Bitoin.
Shame (for them) they can't find, arrest and prosecute the real Satoshi Nakamoto
- In a different angle, that's actually what I'm thinking, Just that there's only one thing playing in my mind and that's whatever the government is doing there in the US against cryptocurrency or Bitcoin for me, it's not good to be honest.
Why is the US government so afraid of their citizens using cryptocurrency or bitcoin? If these famous influencers have violated something, they will charge a fine, but if the former will defame cryptocurrency or Bitcoin, for me it is not really good.
June 08, 2023, 07:56:10 AM
Gensler won't matter anymore, I am so sure of this, he didn't know what is coming for him, Binance exchange has the best lawyers like I've heard, they will go all lent to come out with flying colors, and if Binance win this fight, it's over for SEC and Gensler.
There was a quote and the owner of Binance CZ who is very active on twitter who stated they are spending $1 billion usd in lawyers fees just to fight these lawsuits.So you know they will have better lawyers than even the U.S government is willing to afford to fight their exchange.
Because they also have Coinbase to fight against at the same time.
At this point I am thinking Gary Gensler is just relying on fear right now because there are other exchanges that want to fight the what his organization is doing aswell with news of Kucoin starting to delist several of the coins listed on their securities tab.
June 07, 2023, 06:23:37 AM
Gensler won't matter anymore, I am so sure of this, he didn't know what is coming for him, Binance exchange has the best lawyers like I've heard, they will go all lent to come out with flying colors, and if Binance win this fight, it's over for SEC and Gensler.
I also believe that Coinbase won't sit back and watch themselves go down, they are smart people, if you are following their Twitter channel you should have seen some past relation with SEC Gensler and Coinbase, there was a time where Coinbase approach SEC and at that time, the SEC don't see any of those assets they tagged as security today back then, lol, I believe these two exchanges don't break any laws.
This whole issue will pass and they will come to a form of agreement.
I also believe that Coinbase won't sit back and watch themselves go down, they are smart people, if you are following their Twitter channel you should have seen some past relation with SEC Gensler and Coinbase, there was a time where Coinbase approach SEC and at that time, the SEC don't see any of those assets they tagged as security today back then, lol, I believe these two exchanges don't break any laws.
This whole issue will pass and they will come to a form of agreement.
June 07, 2023, 01:23:19 AM
SEC is currently sueing the biggest exchange of cryptocurrency trading globally Binance over securities and wash trading:
https://www.bloomberg.com/news/articles/2023-06-05/sec-sues-binance-and-ceo-zhao-for-breaking-us-securities-rules
Despite the SEC's action against Binance, the BTC balance on Binance has increased to an all-time high of 703,000 BTC (~$18 billion), while the balance on Coinbase has fallen to just 462,000 BTC (~$11.8 billion).https://www.bloomberg.com/news/articles/2023-06-05/sec-sues-binance-and-ceo-zhao-for-breaking-us-securities-rules
https://studio.glassnode.com/metrics?a=BTC&category=Exchanges&m=distribution.BalanceExchanges
I think binance's customers have moved nearly 7000 bitcoins off the exchange since yesterday's announcement. And since a few hours ago SEC had also put up a restraining order on having any withdrawals and deposits done on the US side of the site.
https://www.reuters.com/legal/sec-files-motion-restraining-order-freeze-binance-us-assets-2023-06-06/
Somebody created a mortal kombat style fighting game featuring Gary Gensler. Fight bad gary!
https://twitter.com/goodgensler/status/1666167520137719810
- In the end, the SEC will ask that the Coinbase account be blocked. Even though Coinbase users are 99% from America. This is not protecting, but troubling its own people.
- This SEC lawsuit has a bigger impact on Coinbase than it does on Binance. Because the Binance market is global.
- COIN share price fell 12%
- 2 Days ago Binance, Yesterday Coinbase, Maybe tonight Crypto(com), or Gemini
BinanceUS assets will be frozen by the SEC. Binance US & Binance are different entities. The trade volume is only 2% from Binance Global.
June 06, 2023, 07:36:16 PM
SEC is currently sueing the biggest exchange of cryptocurrency trading globally Binance over securities and wash trading:
https://www.bloomberg.com/news/articles/2023-06-05/sec-sues-binance-and-ceo-zhao-for-breaking-us-securities-rules
Despite the SEC's action against Binance, the BTC balance on Binance has increased to an all-time high of 703,000 BTC (~$18 billion), while the balance on Coinbase has fallen to just 462,000 BTC (~$11.8 billion).https://www.bloomberg.com/news/articles/2023-06-05/sec-sues-binance-and-ceo-zhao-for-breaking-us-securities-rules
https://studio.glassnode.com/metrics?a=BTC&category=Exchanges&m=distribution.BalanceExchanges
I think binance's customers have moved nearly 7000 bitcoins off the exchange since yesterday's announcement. And since a few hours ago SEC had also put up a restraining order on having any withdrawals and deposits done on the US side of the site.
https://www.reuters.com/legal/sec-files-motion-restraining-order-freeze-binance-us-assets-2023-06-06/
Somebody created a mortal kombat style fighting game featuring Gary Gensler. Fight bad gary!
https://twitter.com/goodgensler/status/1666167520137719810
June 06, 2023, 01:52:40 PM
SEC is currently sueing the biggest exchange of cryptocurrency trading globally Binance over securities and wash trading:
https://www.bloomberg.com/news/articles/2023-06-05/sec-sues-binance-and-ceo-zhao-for-breaking-us-securities-rules
Despite the SEC's action against Binance, the BTC balance on Binance has increased to an all-time high of 703,000 BTC (~$18 billion), while the balance on Coinbase has fallen to just 462,000 BTC (~$11.8 billion).https://www.bloomberg.com/news/articles/2023-06-05/sec-sues-binance-and-ceo-zhao-for-breaking-us-securities-rules
https://studio.glassnode.com/metrics?a=BTC&category=Exchanges&m=distribution.BalanceExchanges
June 05, 2023, 07:59:53 PM
SEC is currently sueing the biggest exchange of cryptocurrency trading globally Binance over securities and wash trading:
https://www.bloomberg.com/news/articles/2023-06-05/sec-sues-binance-and-ceo-zhao-for-breaking-us-securities-rules
https://www.bloomberg.com/news/articles/2023-06-05/sec-sues-binance-and-ceo-zhao-for-breaking-us-securities-rules
April 25, 2023, 09:54:06 PM
Brian doesn't seem to be a big believer in Gary and his brotherly love. Coinbase is securing an escape route from the US and got a license to operate in Bermuda. They're also securing locations and licenses in Brazil, Singapore and Canada...
Brian knows that Gary is stubborn like a donkey and won't give him a license even if Coinbase wins that lawsuit with the SEC. The SEC is going to do what it always does, play the long game to suffocate the business, like they're doing with all the ETF proposals. If they can't win in court they'll delay you for years until you get it into your little head that you're losing money doing this and leave.
Well I guess the SEC took too long and now Coinbase decided to counter sue them instead:Brian knows that Gary is stubborn like a donkey and won't give him a license even if Coinbase wins that lawsuit with the SEC. The SEC is going to do what it always does, play the long game to suffocate the business, like they're doing with all the ETF proposals. If they can't win in court they'll delay you for years until you get it into your little head that you're losing money doing this and leave.
https://blockworks.co/news/coinbase-sec-rulemaking-petition
This has stemmed back from July 2022 when the SEC were putting a case against them in deciding whether bitcoin and ethereum were deemed a security or a commodity.
They want clearer regulation rules when it comes to all cryptocurrenies so they can not keep suing other companies as the SEC had done to them last year on these undetermined rules.
I reckon that this might only be the first. If this lawsuit begins getting the attention of the community, the other exchanges and other crytospace services in America, we might witness the other founders like Jesse Powell and Cameron Winklevoss to join this war against Gensler.
I speculate Gensler might lose his job before the presidential elections on November 2024. He is becoming very unpopular. There are also people from the Republican party who appear to be using Gensler and the SEC as a storyline for their own agenda hehe.
Republicans blasted the SEC’s lawsuits against cryptocurrency firms under Gensler’s tenure and accused him of refusing to comply with congressional requests for documents.
Source https://thehill.com/business/3956812-republicans-rip-sec-chief-for-crypto-lawsuits-climate-rules/
April 25, 2023, 06:18:52 PM
Brian doesn't seem to be a big believer in Gary and his brotherly love. Coinbase is securing an escape route from the US and got a license to operate in Bermuda. They're also securing locations and licenses in Brazil, Singapore and Canada...
Brian knows that Gary is stubborn like a donkey and won't give him a license even if Coinbase wins that lawsuit with the SEC. The SEC is going to do what it always does, play the long game to suffocate the business, like they're doing with all the ETF proposals. If they can't win in court they'll delay you for years until you get it into your little head that you're losing money doing this and leave.
Well I guess the SEC took too long and now Coinbase decided to counter sue them instead:Brian knows that Gary is stubborn like a donkey and won't give him a license even if Coinbase wins that lawsuit with the SEC. The SEC is going to do what it always does, play the long game to suffocate the business, like they're doing with all the ETF proposals. If they can't win in court they'll delay you for years until you get it into your little head that you're losing money doing this and leave.
https://blockworks.co/news/coinbase-sec-rulemaking-petition
This has stemmed back from July 2022 when the SEC were putting a case against them in deciding whether bitcoin and ethereum were deemed a security or a commodity.
They want clearer regulation rules when it comes to all cryptocurrenies so they can not keep suing other companies as the SEC had done to them last year on these undetermined rules.
April 22, 2023, 03:32:44 PM
Brian doesn't seem to be a big believer in Gary and his brotherly love. Coinbase is securing an escape route from the US and got a license to operate in Bermuda. They're also securing locations and licenses in Brazil, Singapore and Canada...
Brian knows that Gary is stubborn like a donkey and won't give him a license even if Coinbase wins that lawsuit with the SEC. The SEC is going to do what it always does, play the long game to suffocate the business, like they're doing with all the ETF proposals. If they can't win in court they'll delay you for years until you get it into your little head that you're losing money doing this and leave.
Brian knows that Gary is stubborn like a donkey and won't give him a license even if Coinbase wins that lawsuit with the SEC. The SEC is going to do what it always does, play the long game to suffocate the business, like they're doing with all the ETF proposals. If they can't win in court they'll delay you for years until you get it into your little head that you're losing money doing this and leave.
April 22, 2023, 07:16:03 AM
@darkangel11
Because Gary of the SEC is picking and choosing who this mob is going to hustle and since he was buddies with The Bankman Frieds Gensler turned a blind eye to the entire FTX maelstrom which resulted in an atom bomb to the cryptocurrency market.
With Coinbase, I am not entirely sure what his end game was with them. Maybe he likes a fellow bald guy in Brian Armstrong.
Thats the only thing I can see in why he let the whole security case go with insider trading.
https://www.bloomberg.com/news/articles/2022-07-21/ex-coinbase-manager-arrested-in-us-crypto-insider-trading-case
https://www.washingtonpost.com/business/2022/07/21/coinbase-insider-trading-arrest
Because Gary of the SEC is picking and choosing who this mob is going to hustle and since he was buddies with The Bankman Frieds Gensler turned a blind eye to the entire FTX maelstrom which resulted in an atom bomb to the cryptocurrency market.
With Coinbase, I am not entirely sure what his end game was with them. Maybe he likes a fellow bald guy in Brian Armstrong.
Thats the only thing I can see in why he let the whole security case go with insider trading.
https://www.bloomberg.com/news/articles/2022-07-21/ex-coinbase-manager-arrested-in-us-crypto-insider-trading-case
https://www.washingtonpost.com/business/2022/07/21/coinbase-insider-trading-arrest
April 21, 2023, 01:11:05 PM
It would appear the SEC isn't interested in going after Proof of Work currencies, at least for the time being. First and foremost tho is the question of whether or not there is an "expectation of profit" one can assume when purchasing a cryptocurrency. Musk never promised anything regarding Dogecoin. Second is whether or not there is a specific governing body that steers the direction of a coin's development -- neither BTC or DOGE have such things.
As someone who's been following his DOGE-related moves rather closely, Elon did say he was going to accept DOGE for SpaceX merch payments. That's the one thing he said that he hasn't followed through with yet.
As someone who's been following his DOGE-related moves rather closely, Elon did say he was going to accept DOGE for SpaceX merch payments. That's the one thing he said that he hasn't followed through with yet.
I said it in another thread: the SEC is only interested in making a show as if they're doing something and going after the easiest targets. They'll either go after perpetrators who are clearly guilty, trying to flee, shutting down the business, cleaning accounts, or they go after people with money who the SEC know can pay the fine.
I don't like XRP but the SEC was so eager to shut them down and move on to another target, but Ripple lawyered up good and defended and now when Gensler was asked if it's a security he didn't answer.
Now he doesn't even know what is and what isn't a security. He's too scared of being sued by everyone.
Gensler said Coinbase allowed for trading of unregistered securities but he didn't sue Coinbase. He allowed FTX to scam people, but rejected Ark Investment and Grayscale bitcoin ETFs, that had all the proper paperwork. What a clown world this is.
April 21, 2023, 09:07:51 AM
Musk has gotten away with alot of things related to the shilling of doge coin on a publicly broadcasted show called Saturday night live in New York City last year to promoting it on his own globally used platform twitter.
So he will not be charged with any violations to do with them and it's use if he hadn't been so far in his past entangles with any cryptocurrencies.
On the other thread dedicated to Elon Musk's dealings into bitcoin with his Tesla Corporation, there is a two-day interview he did on Fox Business news released yesterday on youtube here:
https://bitcointalksearch.org/topic/m.62110887
It would appear the SEC isn't interested in going after Proof of Work currencies, at least for the time being. First and foremost tho is the question of whether or not there is an "expectation of profit" one can assume when purchasing a cryptocurrency. Musk never promised anything regarding Dogecoin. Second is whether or not there is a specific governing body that steers the direction of a coin's development -- neither BTC or DOGE have such things.So he will not be charged with any violations to do with them and it's use if he hadn't been so far in his past entangles with any cryptocurrencies.
On the other thread dedicated to Elon Musk's dealings into bitcoin with his Tesla Corporation, there is a two-day interview he did on Fox Business news released yesterday on youtube here:
https://bitcointalksearch.org/topic/m.62110887
As someone who's been following his DOGE-related moves rather closely, Elon did say he was going to accept DOGE for SpaceX merch payments. That's the one thing he said that he hasn't followed through with yet.
You are correct, Musk never did promise anything. He is no fool to do so with everything that is widely seen in the public eye regarding to cryptocurreny regulations and with him owning several businesses he does not want to jeopardize them in anyway possible just for the memes, so to speak.
He is currently in a lawsuit which is why he changed the twitter logo a couple of weeks ago to the doge coin just so to show his defiance to the SEC & the ones who are involved in the suit.
But I digress, there is a thread dedicated to his farces located here for any further discussions about Mr. Musk:
https://bitcointalksearch.org/topic/m.62126720
April 20, 2023, 11:19:32 PM
Musk has gotten away with alot of things related to the shilling of doge coin on a publicly broadcasted show called Saturday night live in New York City last year to promoting it on his own globally used platform twitter.
So he will not be charged with any violations to do with them and it's use if he hadn't been so far in his past entangles with any cryptocurrencies.
On the other thread dedicated to Elon Musk's dealings into bitcoin with his Tesla Corporation, there is a two-day interview he did on Fox Business news released yesterday on youtube here:
https://bitcointalksearch.org/topic/m.62110887
So he will not be charged with any violations to do with them and it's use if he hadn't been so far in his past entangles with any cryptocurrencies.
On the other thread dedicated to Elon Musk's dealings into bitcoin with his Tesla Corporation, there is a two-day interview he did on Fox Business news released yesterday on youtube here:
https://bitcointalksearch.org/topic/m.62110887
It would appear the SEC isn't interested in going after Proof of Work currencies, at least for the time being. First and foremost tho is the question of whether or not there is an "expectation of profit" one can assume when purchasing a cryptocurrency. Musk never promised anything regarding Dogecoin. Second is whether or not there is a specific governing body that steers the direction of a coin's development -- neither BTC or DOGE have such things.
As someone who's been following his DOGE-related moves rather closely, Elon did say he was going to accept DOGE for SpaceX merch payments. That's the one thing he said that he hasn't followed through with yet.
April 20, 2023, 10:31:17 PM
@rdbase. I am not arguing that there are no scams in the cryptospace but I very much agree. The rules and regulations they use are based on traditional finance and they try to use what the think might apply on the cryptospace. However, in reality, there is not any clear regulatory guidance on the cryptospace. Uncle Gary and the SEC only get the old rules and go on a witchhunt hehehe.
April 20, 2023, 07:16:05 AM
Alot of representatives during the hearing against what GG has done during his term as head of the SEC.
You can go to several media sites and view all the drilling they had put this gary guy through.
Eventually he will crack and say he doesn't know what he is doing.
You can clearly see with the questioning by Emmer had him rattled to the point his hands were shaking.
https://cryptoslate.com/us-congressman-emmer-says-sec-chair-gensler-is-incompetent
You can go to several media sites and view all the drilling they had put this gary guy through.
Eventually he will crack and say he doesn't know what he is doing.
You can clearly see with the questioning by Emmer had him rattled to the point his hands were shaking.
https://cryptoslate.com/us-congressman-emmer-says-sec-chair-gensler-is-incompetent
April 20, 2023, 01:51:09 AM
The head of the Securities and Exchange Commission, Gary Gensler, has been caught promoting Algorand. Critics are calling him a hypocrite.
What a hypocrite. On the one hand he attacks the cryptospace, but on the other hand he promotes crypto projects. He was like spitting and licking his spit back, so disgusting.
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