Gary Gensler's SEC sues Crypto Influncers and posts on his Twitter as propaganda - page 5.

Reid

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^
Yes, I read about that. Robinhood seems to be abiding on every meeting. 16 meetings. CEO of Robinhood Vlad Tenev is frustrated with what SEC is doing to them.

And on other news about our topic guy.
SEC Chair Gary Gensler: ‘Crypto is a small piece of our market, BUT…’
https://ambcrypto.com/sec-chair-gary-gensler-crypto-is-a-small-piece-of-our-market-but/

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“Crypto is a small piece of our overall markets. But, it’s an outsized piece of the scams and frauds and problems in the markets.”

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“You have a whole central bank, and support for one currency, generally per economic region, which is not the case with Bitcoin.”

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“Bitcoin has the leading market share in ransomware, and that’s publicly known. It’s the token of choice for ransomware.”

They are targetting big companies which is obvious from the names of the attacked ones. Coinbase, Kraken, Consensys, and now Robinhood. They do not even try to look at how they can protect the other investors who are victims of scams from tokens that are created literally for evil intentions.
Those big guys will always follow the rules to keep their companies intact while the small ones are the ones who are doing the hit and run and they don't even see it.

YUriy1991

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#SWGT CERTIK Audited

Quote from: rdbase on May 08, 2024, 05:37:01 AM

There's just bad news when everyone gets ready to wait for the price to be applied. I think that the alleged violation is still not completely true, because before this came, Robinhood also had good faith and was pro-active in coordinating with the SEC for regulatory clarity. The hope is that we can quickly find common ground and the market will return to normal if not many more will come forward with the same problem.

rdbase

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Gary is not backing down on cryptocurrency firms and has another case announced right on Monday against Robinhood. Which after the announcement had their stock tumble when the stockmarkets opened.
Here are several articles about it and it seems to have caused bitcoin and the entire cryptomarket to drop in it's wake:
https://www.wsj.com/finance/regulation/robinhood-gets-sec-notice-on-recommendation-of-enforcement-action-against-crypto-unit-9846e60c

https://arstechnica.com/tech-policy/2024/05/sec-crypto-crackdown-continues-with-robinhood-as-lawsuit-looms/

YUriy1991

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#SWGT CERTIK Audited

Quote from: BADecker on February 11, 2023, 11:02:57 AM

If you want to go the rest of the way in privatizing your crypto transactions, join a private crypto club (is there such a thing?), or make a simple private club between yourself and whoever you are transacting with. Have the club in writing, so that you can show that it is private if the SEC asks about it. Use Private Membership Association (PMA) transacting.

I like this PMA idea but if at any time there is a report from one of the rigged communities and then report it to the authorities, be prepared because it will lead to further investigation. I admit that the investigators are smart all asked what the basis is and the legality of the law of its creation, if it is considered flawed and there are indications of fraud then layered articles are ready to wait for us and all will open.

I would rather agree if we trade normally and use an exchange that already has a trading license from the local government, meaning that all terms and conditions have been met by the exchange, it's just that all our important data is stored manually and not stored automatically.

Reid

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Quote from: rdbase on April 29, 2024, 05:20:39 AM

SEC gets sued by cryptocurrency firm Consensys citing on the long debate on whether ethereum should be viewed as a security.

https://www.dlnews.com/articles/regulation/consensys-sues-sec-to-block-action-on-ethereum-and-metamask

The number of companies that are against SEC are growing, I think there will be more as they keep on cornering every company that are adapting in the new technology in cryptocurencies.

US lawmakers urge SEC to approve Bitcoin options trading

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Representatives Mike Flood and Wiley Nickel urged SEC Chair Gary Gensler to stop discriminating against Bitcoin funds in a letter

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“We urge you, without delay, to approve options on spot Bitcoin ETPs or to provide an explanation for the Commission’s difference in treatment between options for Bitcoin futures ETFs — which are currently trading — and options for the spot Bitcoin ETPs,” reads the bipartisan letter.

This are now US lawmakers who are urging SEC. They kept on slowing down everything because of a different purpose and we know it because the SEC Chair Gary Gensler is really against Bitcoin and other cryptocurrencies.

Quote

The agency has been holding off on decisions on applications from the New York Stock Exchange, Nasdaq and Cboe Global Markets submitted in January.

Nasdaq filed to list and trade options on BlackRock's iShares Bitcoin Trust, while Cboe intends to offer options trading on various BTC funds. Similarly, the NYSE intends to trade options on Bitwise Bitcoin ETF, Grayscale Bitcoin Trusts and any other trusts holding Bitcoin.

https://cointelegraph.com/news/lawmakers-sec-bitcoin-options-trading

rdbase

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SEC gets sued by cryptocurrency firm Consensys citing on the long debate on whether ethereum should be viewed as a security.

https://www.dlnews.com/articles/regulation/consensys-sues-sec-to-block-action-on-ethereum-and-metamask

rdbase

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Two SEC lawyers leave one of their cases against the crypto company Debtbox citing abuse of power.
https://www.theblock.co/post/290213/sec-lawyers-resign-after-judge-blasts-agency-for-abuse-of-power-in-crypto-fraud-trial-bloomberg
This is the beginning of the end to Gary Gensler's suing companies anything cryptocurrency related.

rdbase

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For the past couple of days Coinbase has been making the rounds when it comes to the lawsuit by the SEC.
They have filed an interlocutory appeal against the SEC in their courtcase about breaching laws of trading security assets on their platform.
https://www.coindesk.com/policy/2024/04/13/coinbase-seeks-to-take-core-question-in-us-sec-case-to-higher-court
And if this appeal is denied by the court.
https://coinpedia.org/news/sec-vs-coinbase-here-are-the-implications-of-coinbases-interlocutory-appeal-request-if-denied

rdbase

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That is the reason why they created their own chain called base so to avoid having the SEC come along and announce their own product are a security.
Seems it's Layer-2 base has become a success for those who trade altcoins such as solana had been for since the bullrun.
Also since there was a rather large transaction of solana yesterday to the platform there could be concern of an imminent dump of this coin soon:
https://www.bulbapp.io/p/e01e34b4-d490-4bbe-8b10-ed2d6e3876e4/over-158-million-in-solana-sol-mysteriously-moved-to-coinbase

Reid

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Some big news came out and it is said that SEC is winning against the Coinbase case.
https://www.cnbc.com/2024/03/27/sec-scores-big-win-in-lawsuit-against-crypto-exchange-coinbase.html
SEC scores big win in lawsuit against crypto exchange Coinbase

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The Securities and Exchange Commission scored a major win in its lawsuit against Coinbase
on Wednesday, as a judge ruled that its claim that the cryptocurrency exchange engaged in unregistered sales of securities could be heard by a jury at trial.

Chief Legal Officer of Coinbase Paul Grewal also shared this in his X account.
https://x.com/iampaulgrewal/status/1772993916146479193?s=20

This is also the reason for the 3 percent drop in Coinbase and I think there will be more coming up once this case starts again.

rdbase

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Remember when the SEC was blind to what FTX was doing ahead of the biggest collapse of this huge cryptocurrency exchange.
They held a large amount of Solana an altcoin which many toted as the one to replace ethereum.
Well recently they auctioned off their rather large bag of SOL at a fraction of the cost.
https://www.bloomberg.com/news/articles/2024-03-07/pantera-raising-money-to-buy-250-million-solana-holding-from-ftx-sol
Why is this so important?
The value of SOL has risen faster than both bitcoin and ethereum. Before the crypto rally it was priced at $18 after the collapse of FTX while they held a large amount of the tokens.
But now it is seen as the next ethereum since it can do everything that blockchain can do with smart contracts but at a fraction of the cost in the gas fees so to transfer along it's own blockchain.
Many of the projects related to NFTs, memecoins and WEB3 gaming have been migrating over to the Solana blockchain causing an enormous amount of traffic and thus causing the ecosystem to expand past even the Ethereum blockchain in usage.
Now the SOL altcoin is worth just over $180 as of this article below was published. That is a 10x increase within less than 7 months:

https://coinedition.com/solana-surpasses-ethereum-in-daily-stablecoin-volume

rdbase

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Quote from: Reid on February 21, 2024, 06:46:04 PM

Quote from: rdbase on February 18, 2024, 04:19:52 PM

Quote from: thecodebear on February 16, 2024, 04:51:39 PM

Glad to see more bitcoiners are realizing Gensler is not a friend of Bitcoin or the industry in general. Just last year whenever I would point out on these forums that Gensler is very anti-Bitcoin I'd have several people jumping down my throat defending him and acting like he was some sort of hero of Bitcoin lol.

Though with ETFs approved now and with SEC losing court cases against the industry Gensler's anti-Bitcoin/Crypto crusade is becoming less important, thankfully.

Those individuals probably thought he was protecting the public from fraudsters and prevent them from getting scammed by those particular companies which do so.
The entire time he was the one who would be funneling inconsistencies with his arguments about bitcoin on the whole.

Yes and yes. It's an attack not a defense for the public. He just made it look like that so he can get the support of them but people isn't stupid anymore when it comes to this, the internet did a lot of help and those who are helping float his black propaganda.
We all saw how SEC lost to Grayscale which means they are just prolonging the process by using those propagandas and then XRP too with their partial win against them. If something or someone will fight until the end, it will certainly be a successful one because the SEC do not really have the proof to stop it, they are just halting the process.

But I won't say I hate the guy, it somehow helped filter the cryptocurrencies that are legitimate and trash all the scammy ones. The regulation somehow made those scammy projects to back away.

Gary Gensler clarifies crypto stance post-Bitcoin ETF approval
https://www.cryptonewsz.com/gary-gensler-clarifies-crypto-stance-post-bitcoin-etf-approval/

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That may not be the case, as is evident from Gary’s media interaction. Gensler has put out that even though the Commission has approved 11 Bitcoin ETF applications, that does not necessarily reflect their support for the digital asset, Bitcoin. Approval of the Bitcoin ETF merely points out how the product can be traded. Cryptos remain under the radar since most of them are unregulated securities. Also, there is a high chance that approving their ETFs without a proper review could initiate a series of incidents pertaining to market manipulation and fraud.

Yes, he is really against Bitcoin. Cheesy

Yet the SEC still holds the power to end all of crypto and the big banks are still at war against it going forward with the battle of ETF approvals:
https://www.bloomberg.com/news/articles/2024-02-15/as-bitcoin-rallies-banks-push-sec-to-change-an-accounting-guideline-sab-121

Coinbase is at the forefront of battling the SEC as they are still seeking approval for another ETF held by Grayscale not with bitcoin but with an altcoin, Ethereum, the second largest cryptocurrency only to the grandfather of them all:
https://www.tradingview.com/news/coinedition:f2d5dd72f094b:0-coinbase-urges-sec-to-approve-grayscale-ethereum-etf-report
https://dailycoin.com/coinbase-vouches-for-grayscale-ethereum-etf-approval

Reid

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Quote from: rdbase on February 18, 2024, 04:19:52 PM

Quote from: thecodebear on February 16, 2024, 04:51:39 PM

Glad to see more bitcoiners are realizing Gensler is not a friend of Bitcoin or the industry in general. Just last year whenever I would point out on these forums that Gensler is very anti-Bitcoin I'd have several people jumping down my throat defending him and acting like he was some sort of hero of Bitcoin lol.

Though with ETFs approved now and with SEC losing court cases against the industry Gensler's anti-Bitcoin/Crypto crusade is becoming less important, thankfully.

Those individuals probably thought he was protecting the public from fraudsters and prevent them from getting scammed by those particular companies which do so.
The entire time he was the one who would be funneling inconsistencies with his arguments about bitcoin on the whole.

Yes and yes. It's an attack not a defense for the public. He just made it look like that so he can get the support of them but people isn't stupid anymore when it comes to this, the internet did a lot of help and those who are helping float his black propaganda.
We all saw how SEC lost to Grayscale which means they are just prolonging the process by using those propagandas and then XRP too with their partial win against them. If something or someone will fight until the end, it will certainly be a successful one because the SEC do not really have the proof to stop it, they are just halting the process.

But I won't say I hate the guy, it somehow helped filter the cryptocurrencies that are legitimate and trash all the scammy ones. The regulation somehow made those scammy projects to back away.

Gary Gensler clarifies crypto stance post-Bitcoin ETF approval
https://www.cryptonewsz.com/gary-gensler-clarifies-crypto-stance-post-bitcoin-etf-approval/

Quote

That may not be the case, as is evident from Gary’s media interaction. Gensler has put out that even though the Commission has approved 11 Bitcoin ETF applications, that does not necessarily reflect their support for the digital asset, Bitcoin. Approval of the Bitcoin ETF merely points out how the product can be traded. Cryptos remain under the radar since most of them are unregulated securities. Also, there is a high chance that approving their ETFs without a proper review could initiate a series of incidents pertaining to market manipulation and fraud.

Yes, he is really against Bitcoin. Cheesy

rdbase

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Quote from: dzungmobile on February 15, 2024, 08:17:54 AM

Quote from: rdbase on February 15, 2024, 05:28:20 AM

Gary Gensler had an interview after the bitcoin spot ETF was approved and successfully introduced to financial institutions across the globe.
He does try and give answers to why he did what he chose to do while making rules towards individuals and companies which deal with bitcoin.

Interview with Gary Gensler on CNBC February 14, 2024
https://www.youtube.com/watch?v=-dT1hPhtJFg

Gary Gensler tells lies and I am tired to read or watch things to get his opinion. Honestly, by losing lawsuit against Grayscale then had to approve Bitcoin Spot ETFs, time for arbitrary regulations from Gary Gensler and SEC. comes to ending.

His opinion now is less important than in the past because he now is under more control. We can get information about his opinion, but with awareness that he will have less power to do what he want or even under orders of the White House.

Yet the entire point of showing this video is just to show everybody who views it to see how much of a fraud Gary Gensler can be and most if not all the show's panelists on the CNBC broadcast are really drilling him on his actions in the past years about his and the SEC's stance on bitcoin.
They make very valid points for being very much knowledgeable as the common person on the street and even humble the chair of the SEC at some points of the interview.

Quote from: thecodebear on February 16, 2024, 04:51:39 PM

Glad to see more bitcoiners are realizing Gensler is not a friend of Bitcoin or the industry in general. Just last year whenever I would point out on these forums that Gensler is very anti-Bitcoin I'd have several people jumping down my throat defending him and acting like he was some sort of hero of Bitcoin lol.

Though with ETFs approved now and with SEC losing court cases against the industry Gensler's anti-Bitcoin/Crypto crusade is becoming less important, thankfully.

Those individuals probably thought he was protecting the public from fraudsters and prevent them from getting scammed by those particular companies which do so.
The entire time he was the one who would be funneling inconsistencies with his arguments about bitcoin on the whole.

thecodebear

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Glad to see more bitcoiners are realizing Gensler is not a friend of Bitcoin or the industry in general. Just last year whenever I would point out on these forums that Gensler is very anti-Bitcoin I'd have several people jumping down my throat defending him and acting like he was some sort of hero of Bitcoin lol.

Though with ETFs approved now and with SEC losing court cases against the industry Gensler's anti-Bitcoin/Crypto crusade is becoming less important, thankfully.

rohang

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Quote from: dzungmobile on February 15, 2024, 08:17:54 AM

Quote from: rdbase on February 15, 2024, 05:28:20 AM

Gary Gensler had an interview after the bitcoin spot ETF was approved and successfully introduced to financial institutions across the globe.
He does try and give answers to why he did what he chose to do while making rules towards individuals and companies which deal with bitcoin.

Interview with Gary Gensler on CNBC February 14, 2024
https://www.youtube.com/watch?v=-dT1hPhtJFg

Gary Gensler tells lies and I am tired to read or watch things to get his opinion. Honestly, by losing lawsuit against Grayscale then had to approve Bitcoin Spot ETFs, time for arbitrary regulations from Gary Gensler and SEC. comes to ending.

His opinion now is less important than in the past because he now is under more control. We can get information about his opinion, but with awareness that he will have less power to do what he want or even under orders of the White House.

Gary Gensler: Bitcoin Leads Market Share of Ransomware

https://watcher.guru/news/secs-gary-gensler-bitcoin-leads-market-share-of-ransomware

BTC disturbs the status quo and the old folks with old money and their lackeys like gensler are doing everything they can to keep their manipulated fiat markets alive.

Inspite of this BTC reached 50k this week and only continues to rise every year Grin

dzungmobile

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I stand with Ukraine!

Quote from: rdbase on February 15, 2024, 05:28:20 AM

Gary Gensler had an interview after the bitcoin spot ETF was approved and successfully introduced to financial institutions across the globe.
He does try and give answers to why he did what he chose to do while making rules towards individuals and companies which deal with bitcoin.

Interview with Gary Gensler on CNBC February 14, 2024
https://www.youtube.com/watch?v=-dT1hPhtJFg

Gary Gensler tells lies and I am tired to read or watch things to get his opinion. Honestly, by losing lawsuit against Grayscale then had to approve Bitcoin Spot ETFs, time for arbitrary regulations from Gary Gensler and SEC. comes to ending.

His opinion now is less important than in the past because he now is under more control. We can get information about his opinion, but with awareness that he will have less power to do what he want or even under orders of the White House.

rdbase

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Gary Gensler had an interview after the bitcoin spot ETF was approved and successfully introduced to financial institutions across the globe.
He does try and give answers to why he did what he chose to do while making rules towards individuals and companies which deal with bitcoin.

Interview with Gary Gensler on CNBC February 14, 2024
https://www.youtube.com/watch?v=-dT1hPhtJFg

rdbase

legendary

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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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Eloncoin.org - Mars, here we come!

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.

Topic: Gary Gensler's SEC sues Crypto Influncers and posts on his Twitter as propaganda - page 5. (Read 2912 times)