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digitalassetbuy
Posted - December 13, 2021 at 7:35 PM
Saved - July 19, 2023 at 5:03 PM
reSee.it AI Summary
Pay attention to SEC commissioners aligning with Gensler in the crypto clarity issue. Only two are on his side. Gensler claimed Ethereum was a securities offering, but changed the subject in a video. Users requested a timeline infographic.

@digitalassetbuy - Digital Asset Investor.XRP

Pay close attention to which commissioners are siding with @GaryGensler in this SEC mess of no clarity for crypto. It's only two.

@HesterPeirce - Hester Peirce

The latest regulatory agenda shows that the SEC will be busy in the upcoming months, but it won't be working on the right things: https://www.sec.gov/news/statement/peirce-roisman-falling-further-back-121321

SEC.gov | Falling Further Back - Statement on Chair Gensler’s Regulatory Agenda Falling Further Back Statement on Chair Gensler’s Regulatory Agenda by Commissioners Hester M. Peirce and Elad L. Roisman sec.gov

@Markay88227397 - 𝙼𝚊𝚛𝚔𝚊𝚢 𝙼𝚊𝚛𝚔𝚊𝚓 XRP

@digitalassetbuy @GaryGensler @GaryGensler says Ethereum was a securities offering to Maryland Securities Chief Melanie "Lubin". What a coincidence to have that last name. I accidentally cut the video short but @GaryGensler immediately changes the subject at the end of this video...WOW!@SECGov @HesterPeirce

Video Transcript AI Summary
The speakers discuss whether a certain entity should be registered as a BD and if their offerings are securities. Speaker 0 states that they don't have enough information to make a conclusion. Speaker 1 agrees with Commissioner Levin and believes that the entity should be registered because one of their offerings, Ethereum, was considered a security in 2014. Speaker 1 mentions the Howey Test and questions if something that was once a security can transform into something else. They acknowledge that this is an interesting challenge for the Securities and Exchange Commission. Speaker 1 concludes by stating their position on the matter.
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Speaker 0: So in order for them to have to be registered as a BD, you've gotta decide that what they are selling is a security. The way they're functioning right now, I don't know that I have enough information to come to that conclusion. I'm not saying they're not I'm not saying there are they are. I think it needs Speaker 1: And Commissioner Levin raises a very good point. The reason that I have come to a view that they should be registered, with the Securities and Exchange Commission is one of their 4 offerings, one of the 4 that they do, Ethereum, I believe there is a strong case, a strong legal case, it was a security, it was an investment contract in 2014 when it was offered, Similar to all other initial coin offerings, they were careful, they were clever, but they still, Speaker 0: I Speaker 1: think, were a duck and waddles and quacks like a Doc, and they passed the Howey Test in 2014 and 2016. I think the Securities and Exchange Commission has a Interesting challenge. Can something once being a security transform to be something else? And there's different debates that this commission doesn't have to get into, but I That's why I just wanted for the record say why, where I am on that one. That's all.

@j0j0r0 - J O E D R A G O N 🇺🇸

@Markay88227397 @digitalassetbuy @GaryGensler @HesterPeirce @eternalize_this

@REography_US - REOGRAPHY

@Markay88227397 @digitalassetbuy @GaryGensler @HesterPeirce @reseeit save thread

@EarthAngel_Xrp - EarthAngel.XRP☀️ 🏴‍☠️

@Markay88227397 @digitalassetbuy @GaryGensler @HesterPeirce @stedas Do you have the Hinnam timeline infographic still? It would be great here.

digitalassetbuy
Posted - September 12, 2022 at 12:10 AM
Saved - October 2, 2023 at 3:43 PM

@digitalassetbuy - Digital Asset Investor.XRP

Congress #ETHGATE is real. You owe the people an investigation into SEC conflicts of interest leading to the Bill Hinman Ethereum Free Pass Speech on June 14th, 2018. @GaryGensler will be in front of you this week. The World Is Watching! RETWEET! @HesterPeirce @SECHerrenLee

Video Transcript AI Summary
Mark Cantor discusses the four elements of a tort: duty, breach of duty, causation, and damages. He explains that the government can be sued under the Federal Tort Claims Act for certain personal injuries. The United States Securities and Exchange Commission (SEC) has a duty of care to protect investors and maintain fair markets. If the SEC violates this duty, it is considered a breach. Causation refers to whether the SEC's actions caused injuries. The damages resulting from the SEC's actions include market cap losses of about $15 billion in the XRP market and the prevention of XRP's intended use case. XRP also faces competition from Bitcoin and Ethereum, which have obtained regulatory freedom.
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Speaker 0: To the battlefield. Speaker 1: Hi. I'm Mark Cantor. We're at my office today at Cantor Injury Law. And today, I'm going to talk to you about the 4 elements of a tort. Duty, breach of the duty, causation, and damages. Speaker 2: Ordinarily, the government is immune from being sued. However, under Federal Tort Claims Act. You can sue the government for certain personal injuries. Speaker 1: So there are 4 elements to a tort. The first is that there's a duty of care. Speaker 0: So what is the duty of care for the United States Securities and Exchange Commission? Well, looking at the SDC website, which was recently modified as of August 19, 2022, their duty of care is very plainly stated for all to see. 1st, the mission of the SCC is to protect investors and maintain fair, orderly and efficient markets. Their vision is to promote capital markets that inspire public confidence and provide a diverse array of financial opportunities to retail and institutional investors Entrepreneurs, public companies and other market participants. They achieve their mission and vision or their duty of care by focusing on their values. These include integrity, quote, we inspire public confidence and trust by adhering to the highest Ethical standards, accountability quote, we embrace our responsibility and hold ourselves accountable to the American public and also fairness. Quote, we treat investors, market participants and others fairly And in accordance with the law. Speaker 1: So they have a duty not to act recklessly, not to be unreasonable. So when they violate that duty, you say that they breached that duty of care. The next element is cause, causation. Did what they do, did what the bad actor do cause your injuries? Speaker 0: So on December 17, 2020, which was 5 days prior to the date the SCC filed the action against ripple and others. Professor Joseph The William May Franke professor of law and business at Stanford law school and a former commissioner at the SCC Right to all of the 5 currently active commissioners at the SCC. Quote, an enforcement proceeding at this time is highly problematic. Simply initiating the action will impose substantial harm on innocent holders of XRP regardless of the ultimate resolution. Given the significance of liquidity to the XRP market, the withdrawal of intermediaries will most likely cause. That's right. Most likely cause for emphasis. 1,000,000,000 of dollars of losses to innocent third party holders. This result would, to my knowledge, be unprecedented. I am aware of no instance in which the Simple announcement of a commission enforcement proceeding has absent allegations of fraud, misrepresentation or omission cause. That's right. Cause for emphasis. Multi $1,000,000,000 losses to innocent third party. Creating precedent And imposing losses of this sort raises public policy concerns. Speaker 1: Duty, breach of the duty, causation and damages. Speaker 0: So what are the damages from the SCC's actions? Well, According to a September 9, 2022 article in AMB Crypto, attorney John Deaton has asserted that the SCC's actions against Dex r p cost investors about $15,000,000,000 in losses. But that's just market cap loss from loss of liquidity in the XRP market, from exchanges dropping XRP and investors selling. What about the damages resulting from the prevention by the s c c of XRP's ultimately intended use case occurring for several years. Speaker 2: What is interledgers total addressable market size? All the money. Speaker 0: What about XRP having to compete in a free market against the likes of Bitcoin in Ethereum. When each of Bitcoin and Ethereum have obtained regulatory freedom from the SCC. Yet, XRP has been captured by the SCC during the same time.
WarrenDavidson
Posted - May 5, 2023 at 7:45 PM
Saved - May 30, 2024 at 12:11 AM

@WarrenDavidson - Warren Davidson 🇺🇸

The SEC has a structural problem, but it also has a Gary Gensler problem. #FireGaryGensler https://t.co/WbLsK1ve2X

Video Transcript AI Summary
Chair of the SEC, Gary Gensler, evades questions on whether Ether and Ethereum are commodities or securities. Despite claims of clarity in the market, he fails to provide clear answers to Congress. Accusations of avoiding oversight and rushing decisions are made, highlighting a lack of transparency in regulatory processes.
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Speaker 0: Today, we welcome the testimony of Gary Gensler, chair of the Securities and Exchange Commission. I'm asking you a specific question. Is ether a commodity or a security? Speaker 1: And again, it depends on the facts and the law. Speaker 0: I'm asking you a very simple question about the 2nd largest digital asset. Speaker 1: Congress has said that there's one agency, the Securities and Exchange Commission under this committee. Speaker 0: And you won't answer my question, and you're the head of that agency. Speaker 2: What about Ethereum? Is Ethereum now a security? Speaker 1: We had this I Speaker 2: heard your exchange. They've been in place since 2015. You say in your statements that there's clarity in the market and the rules are clear. Just come on in. You can't even answer the question. Speaker 1: Did you, the SEC, perform any of that cost benefit analysis internally? So the the SEC looked at, I think, over 6,000 public register So that's a yes? Issued statements. I would like to see those documents provided immediately. Are you willing to do that then? I'm I'm a firm believer in congressional oversight. I know that I'm not. Sounds like we now have an understanding that you're going to actually send us your analysis. So I know that this Yes or no? Well, I know that our staffs are working with We have a minute. Yes or no? And he I believe in congressional oversight, and I know the staffs are working. Moving on. Speaker 2: You've shortcut a lot of the Administrative Procedures Act. It appears that what you're wanting to do is hurry things along before congress can have its new oversight. And you as an agency have chosen to stonewall, obfuscate, and not do your job. Speaker 0: There's a lack of clarity here in the marketplace. Can you at least agree to that? Speaker 1: I think that the clarity is there. The law is clear. Right?
MattWalshInBos
Posted - June 14, 2023 at 7:17 PM
Saved - June 15, 2023 at 4:56 AM
reSee.it AI Summary
Prometheum, a digital asset securities firm, recently received approval for a Special Purpose Broker-Dealer license. However, their claims of regulatory clarity are unfounded, as their ATS will not work unless tokens are registered with the SEC. Prometheum also has their own chain and token, and has raised $48.19 million, with ties to China-affiliated firms. The SEC's promotion of Prometheum as an example of compliance is bizarre, and may be part of a larger PSYOP to oppose the McHenry-Thompson market structure bill.

@MattWalshInBos - Matt Walsh

This Prometheum storyline has got to be the strangest thing I have seen in awhile in this industry. Has anyone actually looked into this? Beyond bizarre…

@MattWalshInBos - Matt Walsh

Last month, in the midst of the SEC bringing cases on Coinbase + Gemini, and giving the stiff arm to Robinhood and others, Prometheum gets approval for a first of its kind Special Purpose Broker-Dealer (SPBD) for digital asset securities…

@MattWalshInBos - Matt Walsh

Then Prometheum’s CEO somehow gets a seat in front of Congress yesterday and starts reading off pre-written notes clearly coordinating narratives with Democratic members of Congress (or the SEC)

@SGJohnsson - Scott Johnsson

Wow, Prometheum's CEO, whose sole credential is heading a special purpose ATS/BD for digital securities, sure seems to have a lot of opinions on unrelated topics like banking principles/stablecoins-or at least his prewritten notes curiously responsive to every Dem question does

@MattWalshInBos - Matt Walsh

As @RSSH273 points out, this ATS absolutely will not work unless the projects first register the tokens with the SEC. There are currently no tokens registered with the SEC because the current regime is not viable for public blockchain networks..

@RSSH273 - Rodrigo

Founder of Prometheum is testifying @FinancialCmte hearing on digital assets today He will argue he represents the “compliant path for crypto” and those asking for updated regs are just scofflaws However, he is wrong on the law and his approach cannot work as advertised

@MattWalshInBos - Matt Walsh

US Representative Mike Flood hit the nail on his head on why Prometheum’s claims are utter nonsense:

@AlexanderGrieve - Alexander Grieve

For those that didn’t stick around until the end of the @FinancialCmte hearing today, this exchange between @USRepMikeFlood and @PrometheumInc CEO Aaron Kaplan is an absolute must-watch. Flood explicitly lays out why Prometheum’s claims that their SPBD approval is evidence of a…

Video Transcript AI Summary
The speaker begins by referencing a comment letter from Prometheum regarding the SEC's broker dealer framework. They highlight the burden on the industry to determine which digital assets are securities and the need for clarity in the regulatory framework. The speaker then questions what has changed since the letter was written and why Prometheum called for clarity. The response mentions additional enforcement actions and statements by the SEC that have clarified the designation of digital assets as securities. The speaker further questions why Prometheum's customers cannot trade popular digital assets like ether and bitcoin, to which the response mentions the need for a gradual approach in adding assets. The speaker concludes by emphasizing the lack of a consistent definition of a digital asset security and the need for legislation to address this issue.
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Speaker 0: Thank you, Mr. Nickel. I now recognize myself for 5 minutes. I'd like to start by to read a question from a comment letter that Promethean sent in response to the SEC's December 2020 special purpose broker dealer framework. The definition of a digital asset security as used in the proposal is a digital asset that meets the definition of a security under the federal securities laws. This definition puts a burden on the industry to determine which digital assets are securities. As a result, we believe the clarity is needed to understand the regulatory framework they must comply with. That was in a letter dated April 20 SIX from Prometheum, specifically signed by Benjamin S. Caplan, co CEO of the company. I offer this into the record without objection. This concern, which Promethean themselves raised in 2020 probably sounds familiar for those who track this committee closely. It is the exact same concern we've heard from witnesses in front of this committee before. How can a broker dealer register if they don't know which assets are a security and which are not? Further, it makes the same argument that other firms have made that the lack of clarity from the SEC puts an undue burden on the industry. Mister Kaplan, in your testimony, you were very confident that no new legislation is needed in the digital asset space to clarify this question. What has changed between the date of this letter in 2021 and when your firm called for clarity? And now. What has changed? Speaker 1: Over the 2 plus years since that time, there's been additional enforcement actions and statement by the which have clarified any questions that we had in regards to the, designation of a digital asset in as a security. Speaker 0: Mister Kaplan, Prometheum's website says that Prometheum ATS supports many tokens that mostly trade on crypto exchanges. I'd like to dig in on that just a little bit. Can Promethean customers trade in ether? If your answer is yes, please explain how. Speaker 1: Not currently. Speaker 0: Can Promethean customers trade in Bitcoin? If your answer is yes, please explain how. No. Just for the audience at Home's benefit, ether and bitcoin make up more than 60% of the digital asset market. Mr. Caplan, given that either ether and bitcoin make up more than 60% of the digital asset market, if the current system is working, why can't your customers trade the most popular and widely used digital assets? Speaker 1: Regulation and new ATSs and custodians, should take a crawl, walk, run approach. And, essentially, they will proceed to add additional assets and abilities as time goes on. I'd like to point out when the, Speaker 0: I'm gonna reclaim my time. Mr. Caplan, did Promethean receive any additional exempted relief from the SEC that has not been publicly shared? No. Thank you, Mr. Caplan. Promethean's special purpose broker dealer license does not address the core issue. There is not a consistent definition of a digital asset security within current law. This point was made obvious when Chair Gensler could not say definitively whether ether is a digital asset said security when asked by Chairman McHenry in this very room a couple months ago. In other words, that same question that Promethean themselves raised in their 2021 comment letter is still unanswered. That's why legislation is needed. That's the problem that the Chairman's bill works to solve. To testify in front of our committee that your company's charter, which only allows for trading in a very small subset of assets is evidence that no legislation is needed just doesn't make sense. If anything, the fact that Promethean's customers cannot trade some of the most popular digital assets is an illustration of the broader problem, mister Kaplan. I yield back.

@MattWalshInBos - Matt Walsh

The Prometheum guys want us to believe that all L1s are securities and will need to come and trade on Prometheum. Not happening. But enter Prometheum Chain! What is that you say? These guys have their own chain? Yes, and a token! https://www.sec.gov/Archives/edgar/data/1718271/000101905621000267/ex13_4.htm

Webmaster Frequently Asked Questions sec.gov

@MattWalshInBos - Matt Walsh

“Well that’s just a PPT slide, they surely won’t do a token”…Wrong. They already pre-sold some to Wanxiang and others: https://www.sec.gov/Archives/edgar/data/1718271/000101905621000346/offeringcircular.htm

Webmaster Frequently Asked Questions sec.gov

@MattWalshInBos - Matt Walsh

Who is Wanxiang? Uhhh someone might want to look into this one. CCP affiliate? Wtf?

@MattWalshInBos - Matt Walsh

🧐 https://www.wsj.com/articles/crypto-communism-has-a-new-meaning-prometheum-custody-data-commodities-china-d655bb88

Opinion | ‘Crypto Communism’ Has a New Meaning China seeks to infiltrate the U.S. financial system, and the SEC and Finra seem oblivious. wsj.com

@MattWalshInBos - Matt Walsh

According to Pitchbook, Prometheum has raised $48.19 million. Like all private companies they are required to file a form D when they raise. Oddly even in their early rounds they used an investment bank to raise capital (very rare for venture backed startups at the early stage)..

@MattWalshInBos - Matt Walsh

They have paid in excess of $1.5 million in sales commissions to a NJ based outfit called Network 1 Financial Securities

@MattWalshInBos - Matt Walsh

Network 1 Financial Securities has quite the regulatory track record https://files.brokercheck.finra.org/firm/firm_13577.pdf

@MattWalshInBos - Matt Walsh

Just like Prometheum, Network 1 Financial is a China affiliated firm https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=842671

@MattWalshInBos - Matt Walsh

And who is running Prometheum? These guys:

@MattWalshInBos - Matt Walsh

Who look alot like these guys: https://www.gusraekaplan.com/attorneys/

» AttorneysAttorneys – Gusrae Kaplan Nusbaum PLLC gusraekaplan.com

@MattWalshInBos - Matt Walsh

The Kaplan's are being held up as security law experts. Two of them went to a now unaccredited law school. https://www.abajournal.com/news/article/aba-approval-withdrawn-for-thomas-jefferson-school-of-law

ABA approval withdrawn for Thomas Jefferson School of Law The ABA Journal is read by half of the nation's 1 million lawyers every month. It covers the trends, people and finances of the legal profession from Wall Street to Main Street to Pennsylvania Avenue. abajournal.com

@MattWalshInBos - Matt Walsh

Other companies like Coinbase and Gemini have pursued the B/D and ATS paths. Those licenses under current SEC regs don't let you do much. The SEC is implying the Prometheum path solves the regulatory clarity issues. It doesn't.

@MattWalshInBos - Matt Walsh

What is going on here? Bizarre that this fringe player with no biz model is being held up as an example of compliance by the SEC when the actual businesses in the United States can’t get a fair shot. An SEC PSYOP to have the Dems oppose McHenry-Thompson market structure bill?

greymancrypto
Posted - June 20, 2023 at 1:58 AM
Saved - June 20, 2023 at 2:05 AM

@greymancrypto - Grey Man Crypto

Now also ask, @GaryGensler have you covered or ignored any corruption within the @SECGov since learning about any impartial behavior? #SECGov #GaryGensler #FireGaryGensler #Congress #Crypto https://t.co/lMpi2iX9UI

@s_alderoty - Stuart Alderoty

The law demands SEC employees, like all federal employees, act impartially. They must also avoid the appearance of impartiality. The law asks: Would a reasonable person, knowing the facts, question the employee’s impartiality? You now know the facts. 5 CFR 2635.101(b)(14)

GenslerFacts
Posted - June 21, 2023 at 3:41 PM
Saved - June 21, 2023 at 5:02 PM

@GenslerFacts - GenslerFacts

WHO is @GaryGensler protecting?

Video Transcript AI Summary
The Hinman documents have been released, leading to calls for an investigation. The SEC has filed a lawsuit against Coinbase and charges against Binance for selling unlicensed securities, specifically XRP. The speaker, who has experience in the private sector, mentions the riskiness of discussing certain topics. They also express the opinion that we don't need more digital currency as it already exists. Lastly, they briefly mention dinosaurs.
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Speaker 0: Hotly anticipated with the Hinman emails. Speaker 1: Now calling for an investigation after the release of the much anticipated Hinman documents. Speaker 0: Industry, it's a little risky to get up here and, go into some of the, words that Mike wanted me to share. Speaker 1: I have spent my entire professional Career in and around financial markets Speaker 0: in the private sector. Private sector. Speaker 1: Private sector. Speaker 0: The SEC now filing suit against Coinbase. Speaker 1: Yeah. Just moments ago, the SEC filed charges against Binance. CC is preparing to sue that crypto startup for selling unlicensed securities. The asset in question here is called XRP. Speaker 0: There look. We don't need more, Digital currency. We already have digital currency. And then maybe I'll try to wrap up with a few thoughts on dinosaurs
CryptoLawUS
Posted - June 21, 2023 at 4:26 PM
Saved - June 21, 2023 at 5:02 PM
reSee.it AI Summary
Crypto community questions Vitalik Buterin's silence on SEC's actions against crypto. Retail digital asset holders and exchange customers demand answers on who Gary Gensler is really protecting. GenslerFacts continues to expose the SEC's actions.

@CryptoLawUS - CryptoLaw

When hundreds of thousands of retail digital asset holders and tens of millions of customers of exchanges are the ones asking "who is @GaryGensler really protecting?", then it's time we had an answer. Another home run by @GenslerFacts

@GenslerFacts - GenslerFacts

WHO is @GaryGensler protecting? 👀👀👀

Video Transcript AI Summary
The Hinman emails have been released, leading to calls for an investigation. The SEC has filed a lawsuit against Coinbase and charges against Binance for selling unlicensed securities, specifically XRP. The speaker, who has experience in the private sector, mentions the riskiness of discussing certain topics. They also state that there is no need for more digital currency as it already exists. Lastly, they briefly touch on the topic of dinosaurs.
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Full Transcript
Speaker 0: Hotly anticipated with the Hinman emails. Speaker 1: Now calling for an investigation after the release of the much anticipated Hinman documents. Speaker 0: Industry, it's a little risky to get up here and, go into some of the, words that Mike wanted me to share. Speaker 1: I have spent my entire professional Career in and around financial markets Speaker 0: in the private sector. Private sector. Speaker 1: Private sector. Speaker 0: The SEC now filing suit against Coinbase. Speaker 1: Yeah. Just moments ago, the SEC filed charges against Binance. CC is preparing to sue that crypto startup for selling unlicensed securities. The asset in question here is called XRP. Speaker 0: There look. We don't need more, Digital currency. We already have digital currency. And then maybe I'll try to wrap up with a few thoughts on dinosaurs

@CryptoLawUS - CryptoLaw

Given everything that has happened since this tweet, and everything that has come out about what the @SECGov did and is still doing to crypto, why isn't @VitalikButerin addressing *any* of it? It would be good for Ethereum, for himself and for all of crypto if he ended the silence.

@VitalikButerin - vitalik.eth

Looks like the Ripple/XRP team is sinking to new levels of strangeness. They're claiming that their shitcoin should not be called a security for *public policy reasons*, namely because Bitcoin and Ethereum are "Chinese-controlled". 😂😂 https://ripple.com/wp-content/uploads/2020/12/Ripple-Wells-Submission-Summary.pdf

undefined | Ripple Ripple is the leading provider of crypto solutions for businesses. Learn how we're helping organizations of all sizes drive impact with the power of crypto. ripple.com
ThinkingCrypto1
Posted - June 21, 2023 at 4:48 PM
Saved - June 21, 2023 at 4:56 PM
reSee.it AI Summary
Gary Gensler, the SEC regulator, is accused of colluding with TradFiWallStreet giants to push their crypto takeover plan. He allegedly turned a blind eye to the collapse of FTX, Celsius, Terra Luna, Voyager, and 3AC, while denying Grayscale's BTC spot ETF application. Meanwhile, BlackRock, BNY Mellon, Visa, and Mastercard launched crypto services. In 2023, Gensler went after tier 1 regulated companies and echoed false narratives blaming banking collapses on crypto. Fidelity, BlackRock, Charles Schwab, Citadel, Deutsche Bank, WisdomTree, and Invesco filed for BTC spot ETFs and launched crypto services.

@ThinkingCrypto1 - Tony Edward (Thinking Crypto Podcast)

Here is proof that @GaryGensler is a scumbag regulator! Below is a breakdown of how TradFi/WallStreet giants used him and the SEC to push their #crypto takeover plan. Gary is not looking to protect investors. 2022 - Gary turns a blind eye and allows FTX, Celsius, Terra Luna, Voyager, and 3AC to collapse. He met with SBF and FTX officials multiple times. He allowed this to happen on purpose, it was the first step in cleansing the industry for his WallStreet friends. Gary also denies Grayscale's BTC spot ETF application. - While all of the collapses are happening BlackRock launches a BTC private trust, partners with Coinbase, and starts custody of USDC reserves. BNY Mellon launches crypto custody service, Visa and Mastercard ramp up crypto integration and building. 2023 (Jan-Jun) - Gary goes after the tier 1 regulated companies who were not affected by the bear market, sending out wells notices and filing lawsuits - Coinbase, Kraken, Paxos, Binance etc. He also echoes false narratives that the banking collapses are due to crypto. - Within the same time period we have Fidelity launching crypto trading service, BlackRock files for BTC spot ETF, Fidelity + Charles Schwab + Citadel launch a crypto exchange, Deutsche Bank files for crypto custody license, WisdomTree and Invesco file for BTC spot etf, and rumors of Fidelity also filing for a BTC etf soon and looking to acquire Grayscale. #FireGaryGensler

GaryGensler
Posted - June 23, 2023 at 6:16 PM
Saved - June 23, 2023 at 6:40 PM
reSee.it AI Summary
Gary Gensler reminds users to submit comments on the SEC's proposed amendments for beneficial ownership reporting by June 27. A user criticizes Gensler, accusing him of corruption and lack of loyalty to the law.

@GaryGensler - Gary Gensler

June 27 is the last day to submit comments on @SECGov’s proposed amendments to modernize the rules governing beneficial ownership reporting. Read the memo our Division of Economic & Risk Analysis staff released in April & submit your comments:

@ThinkingCrypto1 - Tony Edward (Thinking Crypto Podcast)

@GaryGensler @SECGov June 27th should be your last day at the SEC. You are corrupt and have no allegiance to the law. The courts will expose you!

BoringSleuth
Posted - July 19, 2023 at 4:03 PM
Saved - July 19, 2023 at 4:12 PM

@BoringSleuth - TruthLabs 💄

The crypto company, @PrometheumInc, who received a first of its kind, special Dealer/Broker license thru the @SECGov minted & owns the Crypto address: KillTrump.Crypto on January 7th, 2020 @realDonaldTrump @FoxNews @elonmusk Anyone can verify this on the ethereum blockchain. https://t.co/zKNm7TS07t

@BoringSleuth - TruthLabs 💄

Guess who owns KillTrump.Crypto? @realDonaldTrump That's right, Prometheum, the company who my government decided to give a Special Dealer Broker License to in Crypto, who is basically a Chinese/CCP entity. Don't believe me? See for yourself.

BoringSleuth
Posted - July 26, 2023 at 7:33 PM
Saved - November 13, 2023 at 6:51 PM
reSee.it AI Summary
In a recent address, Mr. Gensler acknowledged the importance of addressing conflicts of interest in the broker-dealer industry. However, there is a pressing need to address the actions of @PrometheumInc, a company granted a Dealer Broker license by the SEC. They own the domain/address KillTrump.eth and KillTrump.crypto, which raises concerns about their influence on markets and democracy. Immediate action is required to suspend their license. Evidence of their ownership and ties to CCP entities is available. @BoringSleuth urges Mr. Gensler to act promptly.

@BoringSleuth - TruthLabs 🫡

Mr. Gensler @GaryGensler, I think it’s great that you are addressing potential conflicts of interest regarding Broker Dealers. As you note, Consumer protection and Fair markets are two key pillars of your agenda. Along both of these lines, I must ask when you are going to address a much more serious, pressing need: @PrometheumInc, who as you know, was granted a Dealer Broker license by your agency @sec in November of 2020. Last week, I, an American citizen, alerted you and the @sec about, @prometheuminc, who purchased and owned the Crypto currency domain/address KillTrump.eth and KillTrump.crypto. They purchased it on January 7th, 2020 and have held it since. I’ve also alerted you to their on chain ties to several CCP entities, who they commingle and mix funds with. Mr. @GaryGensler. Today, if I wanted to send @PrometheumInc Ethereum, or even $XRP, I could do so by sending it to their address, KILLTRUMP.eth, and they would receive it. As a deeply concerned American Citizen, I find this extremely troubling, no matter who our president is or was, blue, red, or purple. This company is threatening investors, influencing our markets, and threatening our Democracy. I'm asking that you immediately suspend the license that you granted them. I've included below documentation to their ownership of that address, along with their other on-chain relationships to CCP entities. Mr. Gensler, when will you address this? Its time to act. Every minute you waste is a threat to Americans. I have all of the on-chain evidence, documented, labeled, and ready to send to you immediately. I will not use a Whistleblower report due to previous threats I have received from @CFTC contracted employees. With respect, @BoringSleuth @BlockchainAssn @HawleyMO @RogerMarshallMD @RepMTG @JohnReedStark

@GaryGensler - Gary Gensler

We @SECGov proposed new rules to address conflicts of interest that may emerge when investment advisers and broker-dealers use predictive data analytics or similar techniques to craft their interactions with investors.

JohnEDeaton1
Posted - August 2, 2023 at 7:44 PM
Saved - August 2, 2023 at 9:03 PM

@JohnEDeaton1 - John E Deaton

@GaryGensler is a politician before he is anything else. All he cares about is serving the @ewarren’s of the world so that he can get a higher position in government. Not only does he not care about retail investors, I believe he has genuine contempt for retail investors.

@CryptoLawUS - CryptoLaw

Just a reminder that @jeffjohnroberts put this handy chart together for @Fortune that shows @GaryGensler "counterprogramming" lawsuits, Wells Notices and public statements against Congress advancing on setting clear rules. Gensler is protecting his power, not markets.

RuleXRP
Posted - September 27, 2023 at 8:42 PM
Saved - September 27, 2023 at 10:10 PM

@RuleXRP - James Rule XRP 👊😎

#FireGaryGensler No Mention of Ripple Ruling How Can Gary Gensler Still Claim Crypto Regulatory Mandate?

SEC Chair Gensler Claims Mandate to Regulate Crypto Without Acknowledging Ripple Outcome In testimony before a House commitee on Wednesday, SEC Chair Gary Gensler claimed a mandate to regulate crypto even after his Ripple setback. beincrypto.com
FinancialCmte
Posted - October 3, 2023 at 4:25 PM
Saved - October 3, 2023 at 6:28 PM

@FinancialCmte - Financial Services GOP

SEC Chair Gary Gensler's regulation by enforcement regime for digital assets failed to protect @FTX_Official's investors and customers. Republicans are delivering legislative clarity that protects consumers and fosters innovation in the digital asset ecosystem.

JohnEDeaton1
Posted - October 14, 2023 at 7:16 PM
Saved - October 14, 2023 at 8:28 PM
reSee.it AI Summary
In DC, the lack of transparency is evident. Gary Gensler targets Ripple, Coinbase, LBRYcom, Dragonchain, and even Kim Kardashian for minor issues. Meanwhile, he meets SBFraud, the Bernie Madoff of Crypto, multiple times. Why? SBFraud paid $10M to the Biden Administration for regulatory access. Corruption runs deep.

@JohnEDeaton1 - John E Deaton

These crooks in DC don’t even try and hide it anymore. Yet @GaryGensler will go after good corporate citizens like @Ripple @coinbase @LBRYcom @dragonchain and many more. He goes after @KimKardashian over a tweet that said #ad, just so he could make another cringe video - all the while meeting multiple times with the Bernie Madoff of Crypto - SBFraud. And why? Because SBFraud paid the Biden Administration $10Million for the access to regulators. #Corrupttothecore

@stclairashley - Ashley St. Clair

This should be illegal. https://t.co/rLg0RAZz4A

DecentFiJC
Posted - October 21, 2023 at 8:34 PM
Saved - October 21, 2023 at 9:15 PM
reSee.it AI Summary
Gary Gensler, former SEC chair, allegedly knew about a CCP-tied company's intentions to harm President Trump. Instead of reporting them, he granted them favorable treatment, even making them the first SEC-approved crypto company. They had received $12M in funding from Hong Kong. Troubling times.

@DecentFiJC - Jonathan

Remember that time GARY GENSLER had known for YEARS about a certain CCP-TIED COMPANY that WANTED TO KILL PRESIDENT TRUMP, and not only did he NOT REPORT THEM, he actually GAVE THEM FAVORABLE TREATMENT? In fact, he even made them the FIRST SEC-APPROVED CRYPTO COMPANY!!! (They’d already taken $12,000,000 in funding from HONG KONG lol.) Yeahhh, good times.🤣🤣🤣

StevenNerayoff
Posted - October 27, 2023 at 8:37 PM
Saved - October 28, 2023 at 12:36 AM
reSee.it AI Summary
In a series of questions to Commissioner Pierce, the author seeks clarification on various issues. They inquire about the Commissioner's knowledge and support of the SEC's persecution, express concerns about the lack of response to certain questions, and request assurance of support as a whistleblower. The author also offers their expertise to help balance industry needs and government mandates. They emphasize the importance of justice, accountability, and restoring the agency's integrity. The article concludes with a plea to do what is right.

@StevenNerayoff - Steven Nerayoff

Commissioner Pierce, respectfully, I have some questions for you. 1. You said “I did not support bringing the case, but have been unable to speak publicly about my concerns while the case has been in litigation.” My litigation is over. Did you know and/or support the SEC’s persecution of me? If you did that would be concerning to me. If you didn’t it should be concerning to you? I would appreciate a simple answer to whether you knew the SEC was behind getting me prosecuted. I’m not accusing you of anything I genuinely want to know if this could have been kept from a sitting commissioner. When you see my evidence you will understand why it’s so concerning. 2. I taught members of the SEC about how ICOs should work as I invented it & the utility token. My last message to a person who turned out to be a government agent is below. Like @LBRYcom I came in to serve my country & instead was an easy target without culpability but apparently making life difficult for those who didn’t want clear ways to adhere to the security laws as I provided with these two inventions. Thankfully I had the good fortune to work with former Chairman Joe Grundfest one of the few remaining ethical leaders we have. Your commission ignored his pleas to not prosecute @Ripple . Instead they prosecuted them and tried to silence me as I could expose what they did to them and it’s not the only scandal I could & will be exposing, “I urge people who have suggestions about how the Commission can right its course on crypto and innovation more broadly, to send them my way.” I am in a fairly unique position on how to balance the needs of the industry & the government’s mandate to protect the public given my experience & background. I assisted @WarrenDavidson on his valiant efforts of the Token Taxonomy Act (large bi-partisan support) largely based on my inventions. I am offering my services to work with you directly to show you ways to balance these objectives. One thing that must be included is a “safe harbor” as Warren understood was crucial. The bills in Congress codify an arbitrary decentralization authority with no basis in jurisprudence into the SEC and that is a non-starter. 3. You have always been a friend to crypto & we admired you for your stance. Yet certain questions you have been asked you failed to respond. One would be if you were a whistleblower is there anything you would blow the whistle on? Another was why you said all high value assets should go on Ethereum? I give you the benefit of the doubt because of your support of crypto but these are questions a commissioner should want to clarify as the inference is obviously not positive if ignored so I’m asking these two questions again. 4. I would like your assurances that if I come in as a legitimate whistleblower you will personally support me even if it includes corruption implicating the agency. This you are bound to do but I’d like to hear that you will. Of course the merits of my claims will not be decided by either of us. I can’t imagine how you could not agree to this as it’s legally protected but I’m asking that you personally will speak to my attorneys & do whatever is in your authority to allow my claims to be given a fair hearing & not buried. Finally, despite what the agency has done to my life I am still willing to work towards productive resolutions for the industry. Let me be clear, I am not looking to create as much legal damage as possible though one could hardly blame me but it’s not how I operate. I want to see justice, those involved to be held accountable & changes so nobody else has to go through what I did. There is no need to destroy what is left of the integrity of the agency. There is a need to restore it to the American people who you serve and for that matter so do I as an American Patriot and a world citizen. Thank you for taking the time to read this & I look forward to a response you feel is appropriate. God bless, let’s do what is right while there is time. @JohnEDeaton1 @BoringSleuth @Leerzeit @mascotto89 @digitalassetbuy @AshleyPROSPER1 @MoonLamboio @DigPerspectives @sentosumosaba @NerdNationUnbox @cowboycrypto313 @blackberryXRP @VersanAljarrah @MrManXRP @xrpcoupe74 @UtilityTheory @ZachRector7 @Crypt0Senseii @SpartaJustice @thorpshannon87 @XRP_Productions @XRPCryptowolf @Ripple_XRP1 @petervincer @attorneyjeremy1 @filanlaw @JohnEDeaton1 @belisarius2020 @freddyriz @JWVerret @Rachel_IC @TheProblem @DAIPerovitch @s_alderoty @bgarlinghouse @chrislarsensf @JoelKatz @CPOfficialtx @CoinDesk @decryptmedia @DefiantNews

HesterPeirce
Posted - October 27, 2023 at 6:03 PM
Saved - October 28, 2023 at 3:25 AM
reSee.it AI Summary
Commissioner Hester Peirce is questioned by Steven Nerayoff about her knowledge and support of the SEC's persecution of him. Nerayoff also asks about Peirce's stance on certain issues and seeks her assurance of support if he becomes a whistleblower. Another user suggests that Peirce is corrupt, while Nerayoff expresses confidence in his case against the SEC.

@HesterPeirce - Hester Peirce

Some overdue thoughts on our case against LBRY: https://www.sec.gov/news/statement/peirce-statement-lbry-102723

SEC.gov | Overdue: Statement of Dissent on LBRY Overdue: Statement of Dissent on LBRY Commissioner Hester M. Peirce October 27, 2023 sec.gov

@StevenNerayoff - Steven Nerayoff

Commissioner Pierce, respectfully, I have some questions for you. 1. You said “I did not support bringing the case, but have been unable to speak publicly about my concerns while the case has been in litigation.” My litigation is over. Did you know and/or support the SEC’s persecution of me? If you did that would be concerning to me. If you didn’t it should be concerning to you? I would appreciate a simple answer to whether you knew the SEC was behind getting me prosecuted. I’m not accusing you of anything I genuinely want to know if this could have been kept from a sitting commissioner. When you see my evidence you will understand why it’s so concerning. 2. I taught members of the SEC about how ICOs should work as I invented it & the utility token. My last message to a person who turned out to be a government agent is below. Like @LBRYcom I came in to serve my country & instead was an easy target without culpability but apparently making life difficult for those who didn’t want clear ways to adhere to the security laws as I provided with these two inventions. Thankfully I had the good fortune to work with former Chairman Joe Grundfest one of the few remaining ethical leaders we have. Your commission ignored his pleas to not prosecute @Ripple . Instead they prosecuted them and tried to silence me as I could expose what they did to them and it’s not the only scandal I could & will be exposing, “I urge people who have suggestions about how the Commission can right its course on crypto and innovation more broadly, to send them my way.” I am in a fairly unique position on how to balance the needs of the industry & the government’s mandate to protect the public given my experience & background. I assisted @WarrenDavidson on his valiant efforts of the Token Taxonomy Act (large bi-partisan support) largely based on my inventions. I am offering my services to work with you directly to show you ways to balance these objectives. One thing that must be included is a “safe harbor” as Warren understood was crucial. The bills in Congress codify an arbitrary decentralization authority with no basis in jurisprudence into the SEC and that is a non-starter. 3. You have always been a friend to crypto & we admired you for your stance. Yet certain questions you have been asked you failed to respond. One would be if you were a whistleblower is there anything you would blow the whistle on? Another was why you said all high value assets should go on Ethereum? I give you the benefit of the doubt because of your support of crypto but these are questions a commissioner should want to clarify as the inference is obviously not positive if ignored so I’m asking these two questions again. 4. I would like your assurances that if I come in as a legitimate whistleblower you will personally support me even if it includes corruption implicating the agency. This you are bound to do but I’d like to hear that you will. Of course the merits of my claims will not be decided by either of us. I can’t imagine how you could not agree to this as it’s legally protected but I’m asking that you personally will speak to my attorneys & do whatever is in your authority to allow my claims to be given a fair hearing & not buried. Finally, despite what the agency has done to my life I am still willing to work towards productive resolutions for the industry. Let me be clear, I am not looking to create as much legal damage as possible though one could hardly blame me but it’s not how I operate. I want to see justice, those involved to be held accountable & changes so nobody else has to go through what I did. There is no need to destroy what is left of the integrity of the agency. There is a need to restore it to the American people who you serve and for that matter so do I as an American Patriot and a world citizen. Thank you for taking the time to read this & I look forward to a response you feel is appropriate. God bless, let’s do what is right while there is time. @JohnEDeaton1 @BoringSleuth @Leerzeit @mascotto89 @digitalassetbuy @AshleyPROSPER1 @MoonLamboio @DigPerspectives @sentosumosaba @NerdNationUnbox @cowboycrypto313 @blackberryXRP @VersanAljarrah @MrManXRP @xrpcoupe74 @UtilityTheory @ZachRector7 @Crypt0Senseii @SpartaJustice @thorpshannon87 @XRP_Productions @XRPCryptowolf @Ripple_XRP1 @petervincer @attorneyjeremy1 @filanlaw @JohnEDeaton1 @belisarius2020 @freddyriz @JWVerret @Rachel_IC @TheProblem @DAIPerovitch @s_alderoty @bgarlinghouse @chrislarsensf @JoelKatz @CPOfficialtx @CoinDesk @decryptmedia @DefiantNews

@FrankF05225431 - Frank F

@StevenNerayoff @HesterPeirce Very doubtful she would take you up on that offer..she keeps trying to come out as the good cop, but she’s just as corrupt as the others..the entire agency needs to be eliminated or started again from the ground up.

@StevenNerayoff - Steven Nerayoff

Yeah but this isn’t going away. I have broad discovery rights that are almost impossible but my case is the unicorn that allows me to get it just like a private case they get no deference because they’re the government and that’s not conditions they’re used to dealing under. I’ll get the documentation & know who knew what. I already have enough for my case but I’m giving them a chance to resolve this with less damage to them. They’ve already destroyed everything that can in my life so idc what they try to do I’m literally numb to any of their tactics. I will shine the light so bright anyone culpable will get sunburned.

HesterPeirce
Posted - October 27, 2023 at 6:03 PM
Saved - October 28, 2023 at 4:34 PM
reSee.it AI Summary
Commissioner Hester Peirce was questioned by Steven Nerayoff regarding her knowledge and support of the SEC's prosecution against him. Nerayoff also raised concerns about Peirce's previous statements and her stance on certain issues. Peirce's response and actions moving forward will be crucial in determining her integrity.

@HesterPeirce - Hester Peirce

Some overdue thoughts on our case against LBRY: https://www.sec.gov/news/statement/peirce-statement-lbry-102723

SEC.gov | Overdue: Statement of Dissent on LBRY Overdue: Statement of Dissent on LBRY Commissioner Hester M. Peirce October 27, 2023 sec.gov

@StevenNerayoff - Steven Nerayoff

Commissioner Pierce, respectfully, I have some questions for you. 1. You said “I did not support bringing the case, but have been unable to speak publicly about my concerns while the case has been in litigation.” My litigation is over. Did you know and/or support the SEC’s persecution of me? If you did that would be concerning to me. If you didn’t it should be concerning to you? I would appreciate a simple answer to whether you knew the SEC was behind getting me prosecuted. I’m not accusing you of anything I genuinely want to know if this could have been kept from a sitting commissioner. When you see my evidence you will understand why it’s so concerning. 2. I taught members of the SEC about how ICOs should work as I invented it & the utility token. My last message to a person who turned out to be a government agent is below. Like @LBRYcom I came in to serve my country & instead was an easy target without culpability but apparently making life difficult for those who didn’t want clear ways to adhere to the security laws as I provided with these two inventions. Thankfully I had the good fortune to work with former Chairman Joe Grundfest one of the few remaining ethical leaders we have. Your commission ignored his pleas to not prosecute @Ripple . Instead they prosecuted them and tried to silence me as I could expose what they did to them and it’s not the only scandal I could & will be exposing, “I urge people who have suggestions about how the Commission can right its course on crypto and innovation more broadly, to send them my way.” I am in a fairly unique position on how to balance the needs of the industry & the government’s mandate to protect the public given my experience & background. I assisted @WarrenDavidson on his valiant efforts of the Token Taxonomy Act (large bi-partisan support) largely based on my inventions. I am offering my services to work with you directly to show you ways to balance these objectives. One thing that must be included is a “safe harbor” as Warren understood was crucial. The bills in Congress codify an arbitrary decentralization authority with no basis in jurisprudence into the SEC and that is a non-starter. 3. You have always been a friend to crypto & we admired you for your stance. Yet certain questions you have been asked you failed to respond. One would be if you were a whistleblower is there anything you would blow the whistle on? Another was why you said all high value assets should go on Ethereum? I give you the benefit of the doubt because of your support of crypto but these are questions a commissioner should want to clarify as the inference is obviously not positive if ignored so I’m asking these two questions again. 4. I would like your assurances that if I come in as a legitimate whistleblower you will personally support me even if it includes corruption implicating the agency. This you are bound to do but I’d like to hear that you will. Of course the merits of my claims will not be decided by either of us. I can’t imagine how you could not agree to this as it’s legally protected but I’m asking that you personally will speak to my attorneys & do whatever is in your authority to allow my claims to be given a fair hearing & not buried. Finally, despite what the agency has done to my life I am still willing to work towards productive resolutions for the industry. Let me be clear, I am not looking to create as much legal damage as possible though one could hardly blame me but it’s not how I operate. I want to see justice, those involved to be held accountable & changes so nobody else has to go through what I did. There is no need to destroy what is left of the integrity of the agency. There is a need to restore it to the American people who you serve and for that matter so do I as an American Patriot and a world citizen. Thank you for taking the time to read this & I look forward to a response you feel is appropriate. God bless, let’s do what is right while there is time. @JohnEDeaton1 @BoringSleuth @Leerzeit @mascotto89 @digitalassetbuy @AshleyPROSPER1 @MoonLamboio @DigPerspectives @sentosumosaba @NerdNationUnbox @cowboycrypto313 @blackberryXRP @VersanAljarrah @MrManXRP @xrpcoupe74 @UtilityTheory @ZachRector7 @Crypt0Senseii @SpartaJustice @thorpshannon87 @XRP_Productions @XRPCryptowolf @Ripple_XRP1 @petervincer @attorneyjeremy1 @filanlaw @JohnEDeaton1 @belisarius2020 @freddyriz @JWVerret @Rachel_IC @TheProblem @DAIPerovitch @s_alderoty @bgarlinghouse @chrislarsensf @JoelKatz @CPOfficialtx @CoinDesk @decryptmedia @DefiantNews

@NerdNationUnbox - wEeZiE {X}💭FireGaryGensler

Damn! She either had no idea they were behind your prosecution or she knew and decided to do nothing, making her unethical. The reason why I say this is because after Jay Clayton and Hinman left, Commissioner Pierce still said that these 2 individuals were "stand up guys". If she was not aware of the collusion with the EF she was probably not aware of this, but who knows at this point. What she does from now on will speak volumes.

@StevenNerayoff - Steven Nerayoff

@NerdNationUnbox @HesterPeirce Now people understand why I’m asking questions if people in a public forum. Their reaction or lack thereof can be telling and their behavior afterwards. Mostly though they were given a fair opportunity to change course if they were involved and be on the right side of history.

Leerzeit
Posted - November 28, 2023 at 1:52 PM
Saved - November 28, 2023 at 2:12 PM
reSee.it AI Summary
The SEC crypto policy reflects systemic corruption, ignored by some and covered up by others. No laws, regulations, or guidance from the SEC. Lubin's free pass and Gensler's actions remain unexplained. Investigating and eliminating corruption in Ethereum is crucial. Good laws are useless if enforcement is lacking. Hoskinson calls for applying Howey. Ethereus ICO would have been illegal, but Ada trading today is not. Ignoring corruption hurts the crypto industry. Gensler is seen as a champion of decentralization.

@Leerzeit - Mr. Huber🔥🦅🔥

People ask me why am I promoting tribalism, shouldn't we all stick together and move forward? Yes, part of it has to do with my personal pride, but the people who ask me that don't see the the crux of the matter: The SEC crypto policy is an expression of systemic corruption. Practiced by one side of the isle and relativized and covered up by the other. No laws. no regulation on crypto, no speech or guidance from the SEC, no no-action letter on individual assets, and no @IOHK_Charles thinking he's too smart to call out the obvious because he thinks it would hurt his case. People can no more explain Joseph Lubin's free pass as they can explain Gensler's actions. But they don't have a problem calling @GaryGensler corrupt, anyone gets cheered that says Gensler is corrupt though there is no proof whatsoever but some meetings with @SBF_FTX . But with Hinman, Clayton and Lubin they want a signed bribery reciept notarized by ten attorneys? Lubin laughing about everything shut down but his projects, calling the SEC his big friends, while repeatetly meeting with SEC staff trying to establish a FINRA-like regulatory status for @ConsenSys, mails from the ethics office repeatetly showing @billhinmanDC being warned of not acting criminally anymore and then joking about his own bribery? COME ON! Investigating and eliminating the corruption the @ethereum project is the very core of the whole problem and is much more important than any law or regulation that could ever come. After all, what good are even the best possible laws and regulations if those who enforce them don't give a damn anyway? As Charles Hoskinson says: apply the damn howey! Yes, and Ethereus ICO would clearly have been an illegal securities offering. And the Ada that is trading today is not. So Charles desire for new regulation and the simultaneous ignorance, almost support of corruption is your bearish thing for @InputOutputHK, #ADA and the entire crypto industry. Lubin is laughing at you guys. Gary Gensler is the shining knight of decentralization! @bgarlinghouse

@Salt589 - Salt

@Leerzeit Now I REALLY think he got a Wells Notice or knows he’s going to get one soon. Have fun in court Charles, shouldve paid your dues to Hinman and Clayton instead of trying to play fair. Maybe youll come around during your deposition with Tenreiro - cant wait to see the transcript.

JohnEDeaton1
Posted - December 2, 2023 at 1:19 AM
Saved - December 2, 2023 at 1:24 AM
reSee.it AI Summary
A federal judge is considering sanctions against the SEC for lying in a crypto case. SEC lawyers like Jorge Tenreiro and Gurbir Grewal have misled the Court, despite judges calling them out. The Financial Committee is hesitant to issue a subpoena, but it's necessary for oversight. Even Democrats like Ritchie Torres acknowledge the SEC's overreach. A subpoena should be served, even if litigation is required. Have faith in the Courts to establish a precedent against administrative overreach.

@JohnEDeaton1 - John E Deaton

Any person surprised a federal judge is considering sanctions against the SEC for lying to the Court, in a case involving crypto, has not been paying attention during the last 3 years. It appears the Lawyers at the SEC have made it personal when it comes to crypto cases. SEC lawyers like Jorge Tenreiro and @GurbirGrewalNJ don’t hesitate to intentionally mislead the Court. Despite federal judges calling out the SEC, including a judge saying SEC lawyers lack a faithful allegiance to the law, and the SEC blatantly ignoring Congressional requests, the @FinancialCmte is hesitant to issue a Congressional subpoena. @PatrickMcHenry, Sir, you and others, by sitting on that Committee, know the oath you took requires that you conduct Congressional oversight of the @GaryGensler and the @SECGov. Even Democrats like @RitchieTorres have recognized that Gensler and the SEC are OUT OF CONTROL. It’s so bad, Federal judges are threatening sanctions. I realize a subpoena has never been issued to the SEC. I realize you respect tradition and Congressional norms. But what more must happen before serving a subpoena? If you’re concerned the SEC will ignore it and force litigation, so be it. Litigate it. Have faith in the Courts. You will win and the precedent you establish will blow a huge hole in the barrier protecting the gross overreach of the Administrative State.

@leomschwartz - Leo Schwartz

The SEC is facing a rare rebuke—and sanctions—from a federal judge for misrepresenting facts in a crypto case. The judge accused the agency of "materially false and misleading representations." W/ Fortune's resident legal scholar @jeffjohnroberts: https://fortune.com/crypto/2023/12/01/federal-judge-sec-crypto-debt-box-rebuke-restraining-order-gensler/

Judge scolds SEC for apparent deception in crypto case, threatens to sanction agency The SEC is suing crypto firm DEBT Box for allegedly defrauding investors out of nearly $50 million. fortune.com
JohnEDeaton1
Posted - December 5, 2023 at 6:40 PM
Saved - December 5, 2023 at 7:30 PM

@JohnEDeaton1 - John E Deaton

@GOPMajorityWhip using the Hinman emails with the SEC’s alleged Crypto Czar to prove what we all know. These lawyers have lost their sight of why they have a job: protect investors. They don’t. They protect themselves and their agendas. They don’t respect the law. They sure as hell don’t follow it.

@GOPMajorityWhip - Tom Emmer

If it wasn't obvious before, it's certainly obvious now: The SEC has a deliberate policy preference to provide LESS clarity to the marketplace instead of more clarity. Complete disservice to our great capital markets. https://t.co/iNuOJYKjGf

Video Transcript AI Summary
During the hearing, the speaker questioned the witness about a speech given by Bill Hinman, the former director of the SEC's division of corporation finance. The witness confirmed that she reviewed drafts of the speech and suggested providing less detail to generate more discussion. The speaker then asked if the current SEC chair shares this view, but the witness couldn't testify about the chair's opinion. The speaker also inquired if Finhub, where the witness works, has issued any guidance on crypto since Chair Gensler took office, to which the witness didn't provide a clear answer. The speaker then mentioned the SEC's arguments in court regarding the speech and accused the SEC of not adhering to the law. The witness couldn't comment on pending litigation.
AI Similar Videos
Full Transcript
Speaker 0: Thank you, mister chair, and thanks to our witnesses for joining us today. When Bill Hinman was the director of the SEC's division of corporation finance, he gave a speech on June 14, 2018 entitled digital transactions when Holly met Gary. In this speech, he famously discussed how tokens can morph from securities to non securities, and he stated that ether is not a security, miss Capanek, you reviewed and commented on drafts of the speech, didn't you? Speaker 1: Yes. I did. Speaker 0: When reviewing a draft, you said that providing, quote, less detail in the speech was better because the concept of a token morphing hap, from a security to a nonsecurity was a new concept and would generate a lot of discussion. Do I have that correct? I believe so. So you thought the SEC should give less clarity to the market rather than more. I understand you thought the, token morphing concept would generate a lot of discussion. But when the industry complains about a lack of clarity, I see it was a deliberate policy preference. Does the current SEC chair share that view? Speaker 1: So I I can't really testify about the current chair's view. What I can say is that, the the determination whether any particular asset is a securities, a facts and circumstances based determination. And what I do as the director of Finhub with my staff is to provide the facts to the folks at the SEC who are making that Termination is typically gonna be a division of corporation finance. Speaker 0: Reclaiming my time because that's a perfect segue. Has Finhub issued any guidance since chair Gensler took office to clarify how the securities laws apply to crypto? Speaker 1: So as I mentioned, Finhub's role is really to be a subject matter expert. So we my Speaker 0: time, ma'am. I I'm asking a very specific question. Has Finhub issued any guidance? Speaker 1: Finhub typically gets involved with other divisions and Speaker 0: who are issuing statements Declaring my time. I, I take the answer is no because it is no. It seems to be enforcement through, or rulemaking through enforcement action, in his speech, Hinman announced that ether was not a security is not a security. Is that your view today? Speaker 1: I can't comment on a particular asset. Speaker 0: Well, just to back up for a second. You provided feedback on the speech, and so did Brett Redfern, who was then the director of the SEC's division of trading and markets, yet first, the SEC argued in court that the speech was Hinman's own personal opinion, then the SEC argued that the speech was the opinion of only the division of corporation finance, which Hinman led. But why would people across the SEC from Finhub to the division of trading and markets comment on a speech that has the views of only 1 person or only 1 division, that doesn't make any sense. Speaker 1: I hope you can appreciate that I can't comment on Pending matters that are in litigation or investigation. Speaker 0: Okay. Fair enough. The southern district of New York even called the SEC's arguments hypocrisy, that the SEC would argue that the speech is not relevant to the market's understanding of how the SEC will regulate crypto, while it's a fact that Hinman obtained legal advice from SEC counsel in drafting his speech, the court said SEC is adopting its litigation positions to further its desired goal and not out of faithful allegiance to the law. That is what all of us in congress have seen. The SEC is not adhering to the law. That's why it keeps losing in court. Does the chairman of the SEC tell you to to adopt positions to further a specific goal, his own personal goal, rather than allegiance to the law? Speaker 1: Again, I I can't comment on any matters that are pending in litigation, but I will say that Speaker 0: I do appreciate it. I I reclaim my time, I think you answered the question. Thank you, mister chair. I yield back the balance of my time.
JohnEDeaton1
Posted - December 9, 2023 at 4:36 PM
Saved - December 9, 2023 at 6:38 PM
reSee.it AI Summary
Senator Elizabeth Warren violated her oath by conspiring with Gary Gensler, providing him with pre-determined questions and answers for a hearing. As a critic of Bitcoin and crypto, she failed to question Gensler about his meetings with SBF, the fraudulent CEO of an offshore exchange. Warren's ties to SBF's parents raise concerns about her impartiality. Despite pleas from constituents, she refused to address the SEC's actions against XRP holders. This raises questions about her priorities and disregard for regular people.

@JohnEDeaton1 - John E Deaton

ELIZABETH WARREN VIOLATED HER OATH As a Senator, sitting on the Banking Committee, @ewarren violated her oath. Her job is to provide and engage in actual oversight of the @SECGov. Instead, she conspired with her close friend @GaryGensler, not only giving him the exact questions she would ask before a hearing, but also the suggested answers to those same questions. That isn’t oversight - it’s fraudulent, coached testimony before Congress. She literally said that she didn’t want to place Gensler in a tough spot. Are you f’ing kidding me? HER JOB is to place the Chairman of the SEC in a tough spot - asking hard hitting or “tough” questions. Think about this: Elizabeth Warren is 💯 the single biggest critic of #Bitcoin and Crypto in the U.S. Congress. She sits on the Banking Committee overseeing the SEC. And yet, she hasn’t asked the SEC or Gensler about SBF’s multiple meetings with Gensler and the SEC. She hasn’t questioned why or how Gensler MISSED SBF’s Fraud, considering his up and close meetings with SBF. And why was Gensler meeting with SBF multiple times? Gensler wasn’t meeting with @brian_armstrong @iampaulgrewal and the @coinbase team - despite Coinbase begging for meetings and being the largest exchange in America and also a U.S. publicly traded company! No. Instead, Gensler was meeting with the CEO of an OFF SHORE exchange in the Bahamas who turned out to be the Bernie Madoff of Crypto. In her job overseeing the SEC, why hasn’t Warren asked for those meeting notes like @PatrickMcHenry and the @FinancialCmte have? Warren preaches against Crypto every chance she can, but doesn’t ask why Gensler missed @FTX_Official @CelsiusNetwork Luna/UST, etc.? Why not? She found time to help kill a couple banks that worked with Crypto companies. Why not focus on the source of the problem: actual fraud? Is she not asking certain questions because of her own ties to SBF’s parents? SBF’s father - Joe Bankman wrote Warren’s tax plan in 2016. We know without a doubt that he helped SBF create all those shell companies to avoid taxes. SBF’s Mother runs a PAC to help Democrats, like Warren, take get elected. I have over 600 #XRP holders who live in Massachusetts and who are her constituents. We begged Warren’s office to inquire about the SEC and do her job. Not only would she not give us the time of day, her staff said “The Senator is never going to help considering the SEC sued a couple billionaires” aka @chrislarsensf & @bgarlinghouse. What kind of position is that? Regular hard working people, including hundreds of her constituents, be damned, as long as a couple billionaires get screwed as well?

@digitalassetbuy - Digital Asset Investor.XRP

FOIA Anyone? The only thing she cares about with regard to the American people is deceiving them. @SenWarren #FOIAMADNESS @JohnEDeaton1 @Heritage @JsnFostr @EMPOWR_us https://t.co/Kg7v2sanml

Video Transcript AI Summary
Senator Elizabeth Warren's office allegedly coordinated testimony with the Security and Exchange Commission (SEC) before a Senate hearing. Emails obtained through a FOIA request show that Warren's economic policy adviser sent a list of questions to the SEC chairman, along with suggested answers. The adviser asked if the chairman had any issues with the questions and expressed a desire not to put him in a tough spot. During the hearing, Warren asked questions that closely mirrored those in the email. The video includes a clip of Warren questioning the chairman about the risks of crypto markets. Another speaker expresses opposition to cryptocurrencies, citing their potential use by criminals.
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Full Transcript
Speaker 0: Alright. A bombshell report tonight about how Elizabeth Warren, senator Elizabeth Warren, and her office coordinated testimony with the Security and Exchange Commission ahead of a Senate hearing. The Heritage Foundation oversight project, of which I'm associated, through a FOIA request, obtained emails from Warren's office to the office of chairman Gary Gensler 2 days before his senate testimony back in September of 2021. The email from Warren's economic policy adviser includes a list of questions. Get this. A list of questions that senator Warren planned to ask along with suggested answers for the chairman of the SEC. The advisor also wrote, quote, let me know if you're okay with the questions as currently written. 2 days later, she sent a follow-up, quote, let me know if it's looking like the chair has any issue with the framing of the questions. Definitely don't wanna put him in a tough spot, end quote. And it appears the chairman didn't have any issue with these questions because senator Warren asked almost verbatim from the email. Check this out. Speaker 1: Chair Gessler, advocates say crypto markets are all about financial inclusion, But the people who are most economically vulnerable are the ones who are most likely to have to withdraw their money the fastest when the market drops. Does this sound like the path to financial inclusion to you? Speaker 2: I've always been deeply opposed to crypto, Bitcoin, etcetera. You pointed out the only true use case for it is criminals, drug traffickers, anti money laundering, tax avoidance. And that is a use case, because It is somewhat anonymous, not fully, and because you can move money instantaneously and because it doesn't go through as you mentioned, all these systems have built up over many years. Know your customers, sanctions, OFAC is they can get bypass all of that. I if I was the government's, I'd close it down. Speaker 1: Okay.
BoringSleuth
Posted - March 21, 2024 at 10:28 PM
Saved - March 22, 2024 at 12:33 AM
reSee.it AI Summary
The American Government needs to address the presence of bad actors within American Agencies. The SEC's decision to award a Chinese Communist Party front company, Prometheum, a license despite owning domains with harmful intentions towards President Trump raises concerns. The crackdown on TikTok does not seem to prioritize protecting Americans from the CCP, as other companies with access to sensitive data remain untouched. The FBI's behavior in the crypto space is also questionable, resembling their tactics on January 6th. It is crucial to take action against these threats to prevent America's downfall.

@BoringSleuth - TruthLabs 🫡

When will the American Government stand up for the American people and put an end to bad actors within American Agencies? In Crypto, our Government and Agencies have allowed the CCP to infiltrate American markets when the SEC awarded the Chinese Communist Party front company, Prometheum with the lone Special Purpose Broker Dealer license for Digital Assets. This was allowed Despite Prometheum purchasing and still today owning the Domains KillTrump.ETH and KillTrump.Crypto. Yet, nobody has yet to do anything about it. The Tic Toc crackdown is clearly not about protecting the American people from the CCP. If it were, then our Government and Agencies would do something about Prometheum and a number of other companies with access to Americans most sensitive data. I’m not ready to talk about the FBIs behavior in Crypto, yet, but know that they’ve used the exact same strategy and tactics that they used on January 6th. However in this case, it’s been continuous, and has been taking place digitally for a decade now. We uncovered it, without knowing it, until a special someone came along. Now that we know, we can’t unsee it, as it’s everywhere. America is under attack from within and its mission critical that actions are taken before America is lost for good.

@BoringSleuth - TruthLabs 🫡

Time for a🧵 If you haven't heard, @PatrickMcHenry and the @FinancialCmte today called on the @secgov and @finra to explain their shady approval of Prometheum as the only Special Purpose Broker-Dealer for Digital Assets. In this 🧵, I go much Deeper and look on-chain 👇🇨🇳🧵

BoringSleuth
Posted - July 18, 2024 at 5:03 AM
Saved - July 18, 2024 at 1:43 PM
reSee.it AI Summary
The firm Austin Private Wealth LLC, connected to George Bush, Blackrock, and George Soros, made a suspicious bet against President Trump's Truth Social stock. George Bush is also linked to the company that bought the domains KillTrump.Crypto and KillTrump.ETH on the Ethereum blockchain. Prometheum, a crypto company majority owned by Wanxiang, obtained a Special Purpose Broker Dealer License from Gary Gensler and the SEC. Wanxiang, a CCP-affiliated company, has ties to George Bush, Obama, and the Bidens. Prometheum purchased the aforementioned domains and set their expiration date for January 6th, 2021. For more details, check @DiedSuddenly_'s breakdown: [link].

@BoringSleuth - TruthLabs 🫡

BREAKING: The firm that took the suspicious and enormous bet against President Trump’s Truth Social stock ($DJT) ONE DAY before the assassination attempt is Austin Private Wealth LLC, who is directly linked to George Bush, Blackrock, and George Soros. George Bush is directly linked to not only Austin Private Wealth, but to the company who purchased the Domains KillTrump.Crypto and KillTrump.ETH on the Ethereum blockchain in 2020. If you recall, the lone Crypto Company Prometheum was given the ONLY EVER Special Purpose Broker Dealer License by @GaryGensler & the @SECGov. Prometheum, is majority owned by Wanxiang, some might call it a regulatory spinoff.. Wanxiang is a CCP affiliated company, with its US Headquarters in Chicago, who's done major business deals with George Bush, Obama, and the Bidens. Prometheum is who created and purchased the domains KILLTRUMP.Crypto and KillTrump.eth on January 7th, 2020, and set the expiration date on January 6th 2021. Account @DiedSuddenly_ breaks down the Bush, Blackrock, and Soros connections below and here: https://t.co/qW9uDN4Xa4

@DiedSuddenly_ - DiedSuddenly

REVEALED: The firm that took the suspicious and enormous bet against President Trump’s Truth Social stock ($DJT) ONE DAY before the assassination attempt is Austin Private Wealth LLC, majority held by George Soros’ Vanguard and BlackRock. Coincidentally, BlackRock, the party… https://t.co/JbRi7aC4Db

@BoringSleuth - TruthLabs 🫡

🚨Domains named Kill Trump were created on January 7th by a company with ties to the CCP and Joe Biden, along with ex-US Presidents, Obama and George Bush. Almost a Year ago today, and several times thereafter, I alerted American Agencies that @PrometheumInc, a subsidiary tied to the Wanxiang, purchased the domain names KillTrump.Crypto and KillTrump.eth. Wanxiang is a CCP affiliated company with their US Headquarters based in Chicago, with existing business relationships with MIT, Biden, Bush, and Obama. The purchased the domain on January 7th, 2020, with it set to expire on January 6th, 2021. For the record, the domains were renewed. Today, this threat almost became real. Prometheum to date is the only company issued a Special Dealer Broker License for Digital Assets (Crypto). Their license was issued and signed off on by Chair Gensler, the SEC, CFTC, and FINRA. To date, no accountability has occurred. You can see the proof in the post below, and in the comments I will include additional references.

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