It's true about bitcoin not needing ETF to go on, but when I see stupid restrictions limiting people's ability to invest, I get angry.
Gensler is obviously working against cryptocurrencies. He allowed SBF who was stealing deposits to function, but he kept denying legit spot ETFs, despite allowing a futures ETF to function. His reasoning was that bitcoin market is volatile and offers no protection for investors, how come we have futures then? Aren't they volatile by following bitcoin market? Don't they offer the same kind of risk to investors that a spot ETF would?
Topic: Gary Gensler's SEC sues Crypto Influncers and posts on his Twitter as propaganda - page 7. (Read 2912 times)
July 02, 2023, 01:44:46 PM
July 02, 2023, 01:23:13 PM
https://twitter.com/WatcherGuru/status/1674775113126772742
This crap makes bitcoin dump from a sharp rise in price this morning from surging past $31,380 all the way down to $29,800 as soon this tweet went out.
Thanks to Gary Gensler the head of the SEC. For how much longer, lets hope not for much longer or until the next court case filing against another exchange.
If that's Gensler's strategy, then long term investors who are currently bidding should place their bids lower and encourage him to keep going with his FUD.
Furthermore, Bitcoin doesn't need the ETF, it's BlackRock and the other legacy funds that need the ETF. Why? Because they'll earn investment-management fees from investors.
If you think they care about the investor or what bitcoin and the whole cryptocurrency eco-system whether they live or die.
Then simply they are a fool for thinking anything different.
Big money got there by thinking about their own bottom line and if bitcoin goes to zero they wouldn't give two ****s about it.
Seriously speaking.
The money they make off the institutional investors that buy this ETF when it is finally out and fully approved will be the only thing they care about.
They are business minded and if the small investor who buys these ETFs are bankrupt in the end because of it's offering, they will just write it off.
Let's live in the real world now with these back from the future visions stated here in the thread please.
July 01, 2023, 06:26:16 AM
https://twitter.com/WatcherGuru/status/1674775113126772742
This crap makes bitcoin dump from a sharp rise in price this morning from surging past $31,380 all the way down to $29,800 as soon this tweet went out.
Thanks to Gary Gensler the head of the SEC. For how much longer, lets hope not for much longer or until the next court case filing against another exchange.
If that's Gensler's strategy, then long term investors who are currently bidding should place their bids lower and encourage him to keep going with his FUD.
Furthermore, Bitcoin doesn't need the ETF, it's BlackRock and the other legacy funds that need the ETF. Why? Because they'll earn investment-management fees from investors.
July 01, 2023, 06:09:09 AM
All the major financial institution sites are reporting on what the SEC had said about the BlackRock filing of their spot ETF being insufficient for approval after a complete review of their application was done:
https://www.wsj.com/articles/sec-says-spot-bitcoin-etf-filings-are-inadequate-390336e8
https://www.barrons.com/articles/bitcoin-ethereum-price-crypto-markets-today-58d478b2
https://www.coindesk.com/markets/2023/06/30/bitcoin-tumbles-on-report-of-sec-saying-spot-btc-etf-filings-inadequate
Simply not a good look for getting it finalized before the years end at this point.
https://www.wsj.com/articles/sec-says-spot-bitcoin-etf-filings-are-inadequate-390336e8
https://www.barrons.com/articles/bitcoin-ethereum-price-crypto-markets-today-58d478b2
https://www.coindesk.com/markets/2023/06/30/bitcoin-tumbles-on-report-of-sec-saying-spot-btc-etf-filings-inadequate
Simply not a good look for getting it finalized before the years end at this point.
June 30, 2023, 03:42:52 PM
I recently commented on something regarding the influence of social networks and wow, if they move masses...... just the publication of this famous made the SEC speak out immediately and of course they did not do it to comment on nice things. The SEC will always seek to defame and even put cryptocurrencies to the ground and all because they have not yet found a way to control them as they want, the only thing they have been able to do is place certain restrictions without much success. You can see it with what happened recently suing Coinbase and Binance because according to them they were violating the securities laws, and they continue to attack everyone who has to do with them, what I see is that they cannot stop doing something Without it being with bad intentions towards these digital currencies and I don't understand why they do this the government instead of preventing them should study ways to incorporate them into the country's economy, as other regions have done.
June 30, 2023, 11:18:08 AM
Some bad moves done by the old dirty gary with their regulated crypto litigation firm. Sounds to me like some payoffs were done to enable them to get regulation approval so quickly and not Coinbase or Binance.
Crypto Lobbyists Ask SEC for Info on Prometheum, the Mysterious 'Regulated' Crypto Firm
https://www.coindesk.com/business/2023/06/15/crypto-lobbyists-ask-sec-for-info-on-prometheum-the-mysterious-regulated-crypto-firm
Crypto Lobbyists Ask SEC for Info on Prometheum, the Mysterious 'Regulated' Crypto Firm
https://www.coindesk.com/business/2023/06/15/crypto-lobbyists-ask-sec-for-info-on-prometheum-the-mysterious-regulated-crypto-firm
yeah the Prometheum thing is pretty shady. In that testimony they were apparently asked about what cryptocurrencies they offer and they said they don't even offer any. So they literally don't have an exchange, but were approved by the SEC lol. I don't even know what it is that their business does, and it doesn't seem like anybody has really heard of them before (because again, they don't have an exchange). I think it is pretty clear the SEC approved them just for the optics of trying to give Gensler some cover from the increasingly large amount of people pointing out he is corrupt and is doing the opposite of his job when it comes to the crypto industry. SEC is using Prometheus, which isn't even an exchange, to say "oh look see we have no problem approving exchanges" and have this company without an exchange back them up. I'm guessing at most Prometheum is maybe gonna offer some cryptocurrency trading to select Wall St clients, its not like they are gonna be some public crypto exchange, and so Gensler decided this very small private potential exchange is worth the tradeoff to have this prop to try to shield himself from everyone starting to point out exactly the corrupt things he is doing.
June 30, 2023, 09:25:38 AM
https://twitter.com/WatcherGuru/status/1674775113126772742
This crap makes bitcoin dump from a sharp rise in price this morning from surging past $31,380 all the way down to $29,800 as soon this tweet went out.
Thanks to Gary Gensler the head of the SEC.
For how much longer, lets hope not for much longer or until the next court case filing against another exchange.
June 15, 2023, 09:44:46 PM
Some bad moves done by the old dirty gary with their regulated crypto litigation firm. Sounds to me like some payoffs were done to enable them to get regulation approval so quickly and not Coinbase or Binance.
Crypto Lobbyists Ask SEC for Info on Prometheum, the Mysterious 'Regulated' Crypto Firm
https://www.coindesk.com/business/2023/06/15/crypto-lobbyists-ask-sec-for-info-on-prometheum-the-mysterious-regulated-crypto-firm
Crypto Lobbyists Ask SEC for Info on Prometheum, the Mysterious 'Regulated' Crypto Firm
https://www.coindesk.com/business/2023/06/15/crypto-lobbyists-ask-sec-for-info-on-prometheum-the-mysterious-regulated-crypto-firm
June 13, 2023, 07:47:42 AM
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.
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.
June 08, 2023, 09:56:59 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, 08:08:34 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, 08:00:36 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, 06:56:10 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, 05:23:37 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, 12:23:19 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, 06:36:16 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, 12:52:40 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, 06:59:53 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, 08:54:06 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, 05:18:52 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.
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