Topic: Nothing serious, just my own thought on the crypto crackdown. - page 2. (Read 446 times)

Before now I have doubted the conspiracy theory but at a time in life when I took up some projects and made financial movements and growth, I understood that there is some level of conspiracy in almost everything you can think about.
I became more convinced of this during the covid-19 when China played it on the whole world having conspired with other close allies to plunge USA into a certain degree of confusion.

Sam of FTX could not have done it alone and for Binance to be in the book of SEC, he has refused to renew his conspiracy dues. Nothing happens by chance.

do they really want to protect users, or are they too greedy and want to control it because they have seen its true potential? I don't think they are good enough leaders to care about people, what they are doing with crypto is self-interest.  they want taxes, they want to control the market that will be worth trillions of dollars in the future.  that is why there is competition between the SEC and the CFTC, both of which want to control the crypto market because if they wanted to protect the interests of investors, there would be no such dispute.

I think America is actually quite crypto-friendly. it's just that the SEC is concerned about some crypto being considered securities and not the one who gives the impression that America doesn't support crypto. whereas this is only a matter of securities or commodities.

facts about crypto and america are
✓1. The most bitcoin ATMs are in America
✓2. There are about 45 million plus crypto users in the US.

this is what makes the government act more strictly on the grounds that it wants to protect its users in financial matters, especially those related to crypto and the SEC is moving for this. but America is indeed too strict and slowly it can make crypto users there hide more as crypto users.

Not only that, the so called prisons those people get to spend their time are more like a luxurious resort compared to the conditions the rest of the inmates have to go through or even the conditions the average person has to deal with, it is because of this those crimes keep happening as there is not really a decisive punishment against it, and politicians have no reason to change this as many of them are guilty of the same crimes and they hope that if they are ever caught they can enjoy the same living conditions.

So, in this case if CZ has got a good friend in the congress or senate and he helps him with funding then for sure there will be some protection that he'll get and that guy will surely push away whoever stands their way.

However, Binance isn't like FTX that has got the obvious of stealing people's money. There's always the reason behind these policies and crackdowns and if they're targeting a bigger entity, maybe things will change if there's an 'under the table' thing.

I think it is quite obvious that when you get enough rich in the USA then you could get away with a lot of things, there are some people who ended up with a bit of a trouble when the time comes and they all got away with robbery basically.

White collar crime is looked down on and frowned upon, but it is not getting as much punishment as most others, even drug dealers who sell weed, which is legal in so many states now, could still face more time in prison than someone who stole a billion dollars, not saying that's the case each time, but there are some instances that it has happened. This is why I believe that it is not going to be that easy to handle this at all, it will end up with a bad result for all the people who got scammed by these rich people.

Biden will be exposed if they should go over Sam, there was a reason why he was extradited from Bahama back to America to face justice but since then, did you hear anything from them, how many times have you seen the media said anything about Sam and FTX, when was the last time court summon him, they know that Sam will exposed the politicians and exposing those men automatically put Biden power to risk, United State is very smart on how they attack people, that is why they quietly didn't hunt Sam but look at Binance today, they are hating on them, even Coinbase weren't probe as they probe CZ because he is not a US person and if we are to judge by the money laundering done by FTX, Binance is not close their scams.

Not only America but every strong nation use force on weaker nations. Many other world powers are guilty of intimidation and oppression. Most of the wars in the world are supported openly and covertly by some strong nations.


The money that has been recovered from FTX will not be enough to pay its depositors. It will be difficult for any politicians to access FTX-recovered funds, so the issue of using it for campaigns is unlikely. The trial of SBF will start on October 2nd and he is charged with fraud, unlawful political donations, and bribes to the Chinese government which coils attract a sentence of up to 155 year's imprisonment. Nobody is erasing his crime or granting him a pardon for now.


I might not know many facts about the fall of the exchange, but the bottom line is that FTX led by SBF messed up. They misused customers funds and the government was right to intervene. Exchanges need to be open and transparent so that when they become the target of the SEC, the whole world will know that it is an unprovoked attack. But when these companies engage in secret illegal deals, it allows the government to attack them. It is in the public space that SBF dominated money to both Democrats and Republicans to fund elections. Some of these politicians might be mandated to refund these donations if the court gives such an order.

The idea is interesting, but most likely "far-fetched", because. there is an objective reality that is far from this "theory":
in the SEC process against Coinbase and Binance, there are quite clear accusations: these exchanges allowed securities to be traded without having the authority to do so. And they offered services like "staking", which are very similar to banking products and therefore also require authorization.

Are any of these allegations related to Bitcoin? No. The SEC has already clarified that bitcoin is not a security. So the accusations have nothing to do with bitcoin.
.....
So let's calm down. This is not against Bitcoin. This is against shady business models where companies pretend they are decentralized when they are not, and want a cheaper and less consumer-protective way to fund their business (or directly run away with your money). And it's also about crypto exchanges that pretend they're not banks, but they are, as long as they offer products like so-called "staking" (which has nothing to do with real proof of stake)."
This is an excerpt from a related thread. And it very precisely "lays down" on occurring processes. As we can see, the hype on the topic "SEC infringes on cryptocurrencies" is more like a PR campaign of exchange players who can lose a very attractive "tax-free and uncontrolled income" that they were used to and thought that they would become "untouchable", calling "toward a fair, decentralized world." At the same time, they continued to do it dishonestly, centrally and bypassing the law.

Do not worry too much about all the fuzz that are being caused with the actions of the US Politicians. The noise that are being generated are only done for political points in the upcoming elections. 

Why do you always see bold announcements and huge political decisions being made, close to elections? It is all for show.... and to get more money for their election campaigns and also to get more support from voters. 

it is just animal doing the animal thing. as simple as survival of the fittest. what would a weak animal when it is facing a strong animal in the woods? not hard to make guess. or may be too hard?

It's obvious that uncle Sam Bankman-(Free'd)Fried was placed into his position by his Stanford parents and their elite companions. The whole thing was probably plotted from the beginning. The investigation has been a sham, as has the fact of money re-appearing. The real fraud was not the robbery of exchange funds, rather the market manipulation caused by FTX's collapse and the amount of money that exchanges would have made from liquidating trades that otherwise should not have been liquidated.

America is definitely scared, and this time their fear isn't capable of being solved with physical war. This time, the war has to be won digitally. This is an impossible feat, and will cost America and their people the opportunity of saving themselves with Bitcoin

Listen to what you said, it makes no sense, that's why it makes sense to someone like me, it's something that can't be seen as the truth, that's why it makes no sense, like it won't change a lot right? But for whom? The politicians? Why did you said this because I know that politicians use money as a tool when the next election is around the corner, they use millions of dollars for their own advantages and you said it won't change a lot? That's because you are seeing this as a civilian, not a politician.

I quite agree with the point you conveyed. America will try everything in their power to suppress platforms that do not agree with it. Well, I don't blame them, because after all it is their jurisdiction to be able to regulate companies operating in their country, but the way they do it is like forcing companies to comply with all their regulations which are even quite unreasonable. In fact, they seem to regulate the crypto market globally and framing that Bitcoin is an insecure asset and does not need to be invested. But no matter how they do it, it will all be useless, because Bitcoin will still stand and be popular.

The meltdown of FTX created more concerned for the crypto market and regulations has been the only option experts has been suggesting but I think FTX didn't have anything to do with the attack on binance. The security and exchange commission always wanted to take down Binance exchange and other Big exchanges like Coinbase operating in the US and they have seen an opportunity to make that happen.

FTX will be pardon because exposing him means exposing others and politicians will be among which will be very bad for the US reputation so I think they'll ignore all he has done because cryptocurency market isn't regulated, they'll use that as excuse to free him of all charges.

It seems that everyone was once saying that regulations are coming, yet when they actually came, people are frightened.

The recent crackdown has nothing do to with FTX, well, at least they might start the domino effect, but the root causes are a whole lot bigger than them. The US did not scare if they did not become the biggest benefactor, in fact, they are enforcing the regulation that what had been lacking. So it is not they are touting dominance or even defunding political matters which came from cryptocurrency sources.

The government is serious in its regulations regarding centralized exchanges, which are supposed to operate according to a regulatory framework and not against cryptocurrencies per se.
If you focus well, you will notice that the main goal is to separate the monetary financial system from cryptocurrencies so that these currencies do not have bank accounts or a dollar cover that gives an image to people that it has value or an entity that supports it and thus loses faith in it.
this campaign is good, as most altcoins will not withstand the regulatory tightening, and then all investments will go to Bitcoin, given that what is happening now is against centralized exchanges and not against cryptocurrencies.

Hmm, I have my own views and predictions on the crackdown but for now, I am trying to stay calm and keep my eyes open on every fud situation to bring out an opportunity from it. Op can have a different view on it and someone else can have another view that can even oppose both of us. Actually, everyone has a dimension in which he stores his thoughts, experiences, and Actions we can't even say yes I can understand because we are not in that dimension but we can relate.

In this crisis as well some are new some hold some are afraid and some are happy that they got sometimes to prepare well for future events. This crack down is nothing but just a phase from which we will move to another one now its upto the player how he behaves and clears this round.

If there are particular incidents or charges against Sam, the facts must be examined and the legal process must be followed. Without specific proof, jumping to assumptions can lead to erroneous charges and disinformation. The worry or concern around the rise of cryptocurrencies and its possible consequences for established financial institutions is a hotly debated issue. It is critical to remember that in democratic nations, the judicial system relies on the concepts of fairness, due process, and the assumption of innocent unless proven guilty.

Often the head of the stock exchange is a nominal figure. And in fact the business is run by others. This situation once again shows that you should not keep a lot of money in exchanges, because at any moment there can be a collapse of the exchange. And you have to be careful with promoted cryptocurrencies - maybe they are promoted only to be destroyed later.