Bitcoin Forum

With the charging of social media influencer Kim Kardashian with promoting a crypto security to her many followers on all her socials, the SEC's head officer Gary Gensler has put a commercial comprising a couple of minutes as most cryptocurrency advocates would say a smear campaign against crypto as a whole with the likes of someone who looks like Jake Paul to prove a point.
With that point being they had successfully charged many celebrities in the past of doing the same thing Mrs. Kardashian had done on her twitter/facebook/instagram.
Those being Floyd Mayweather, DJ Khalid and Steven Segal.
https://i.ibb.co/J2nHMRh/SECvs-Kim-K.jpg (https://imgbb.com/)
source: https://www.coindesk.com/business/2022/10/03/us-sec-charges-kim-kardashian-for-promoting-ethereummax

Here is the link to this video posted on his twitter about four hours ago:
https://twitter.com/GaryGensler/status/1576897535427448832
The official tweet from SEC on this case against Kim Kardashian:
https://twitter.com/SECGov/status/1576904918413312001

source: https://www.washingtonpost.com/business/2022/10/03/sec-kardashian-crypto

Squawkbox from CNBC had been tweeting just this story several times within the last four hours (I counted 5 seperate tweets, why?!) but here is the first one that they show as "Breaking news!" ::)
https://twitter.com/SquawkCNBC/status/1576900024201609217
https://i.ibb.co/JHTpYCP/Squawk-Squawk.jpg (https://imgbb.com/)
https://i.ibb.co/7tQDBhL/SuaSua.jpg (https://ibb.co/3mvbVKQ)

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.

It's just a slap on the wrist for them since this is the second time she did this. The damage from the crypto ad is already done.

Meanwhile the actual pump&dump bros are probably partying in the Bahamas right now...

In a way what SEC did is admirable (if we ignore the motivation), to punish those who advertise or participate in any form in shitcoin pump and dumps, specifically tokens like the one Kardashian promoted and helped it to scam idiots who follow her.
This is illegal in almost all the countries around the world.

On the other hand, I said it many years ago that the "authorities" who feel threatened by bitcoin will eventually start treating the whole "cryptocurrency" scene that includes bitcoin the same because altcoins are being pumped and dumped and a lot of them are scams.

Unfortunately we can't do much about their FUD about bitcoin except trying to clarify the obvious difference between bitcoin and cryptocurrencies (aka altcoins) for the audience.

I think most people are aware by now they can't advertise for something and receive payments without disclosing that you are being paid for it/have an agreement. This looks like that. This might be more of a twitter problem with there being a limit to the number or characters they can use but they also didn't try to hide the reason.

Pumps and dumps are illegal too, there's a chance the sec going after unknown coins being advertised attracts people to bitcoin:
1. Because it makes it look like the sector is being regulated
2. The sec has had a fairly neutral position on bitcoin imo (it might come across as negative because the point in regulatory bodies is to find problems and things to target - bitcoin was once rife with lots of scams and may still be).

The pumpers hurt us way more than the SEC.

They are in a position they have to be careful especially when behind the wheel of a public company, ask Elon.

why hasnt the SEC gone after all the BSV influencers

Elon is the worst one of the celebrity influencers with toting dogecoin and spewing what he thought of cryptomarkets on his skit on SNL last year.

The problem is with them doing this is that it direct affects bitcoin and it's view on it by the eyes of the entire world.
That is the impact that these kind of influencers have and even if you don't like it, it is a reality.
They can make or break markets with anything they promote or their view on something or someone in the media's eyehold.

They buy these alt coins and guess what they do with it, whether it be a altcoin whale or the creator, they sell it for guess what?
That is right: BTC
Then they exchange that for fiat and the price tumbles.
This is a rinse and repeat cycle for any of these pump and dump alt coins.

Lmao I can't even count how much "influencers" need to actually be pursued by the SEC. Namely: Ben "BitBoy" Armstrong, Lark "CryptoLark" Davis, Ran "CryptoManRan" NeuNer, Michael "SuppoMan" Suppo, Tai Lopez, the list goes on.

I remember the video they made against meme stocks. They got no business doing this sort of thing, it's pretty f****d up that the sec is targeting specific investments. But, I think many of us don't trust the SEC anyways. Word on the street is that GG is basically a criminal, but what do I know about such things? Nothing, that's what. I'll just hold and ignore the nonsense.

So this is a thing with SEC releasing propaganda videos when they have a law suit going forward?
They are something you would expect a teacher showing to a five year old in elementary school. Very basic concepts that any adult should know ebfore stepping out their door in the morning to avoid getting scammed out of their life savings.
I don't know what this governing body's main purpose for the world is up to this point.

Netflix has a docuseries that was just released about gamestop stonks so they might show that in there since it was the forefather of all meme stocks.
I am only half way through episode one so will have to let you know about that one.

This is not new though, SEC has been targetting this so called crypto influencers, specially if they are stars or celebrities in their own right. Back in 2018, they have a case against Floyd Mayweather and DJ Khaled

https://www.sec.gov/news/press-release/2018-268


So now it's the (in) famous Kim Kardashan turn now to settle the case court and just pay.

Seems that since this story broke ethmax token that caused this lawsuit of being a scam has pumped in its price 95%.
https://cryptopotato.com/emax-token-skyrockets-95-after-kim-kardashian-agreed-to-pay-the-1-26-million-sec-fine
Sin city crypto did a retrospective on this case and what it means for cryptocurrenies being shilled via these influencers:
https://youtu.be/e-Yudo38nTg

So why doesn't the SEC do an investigation of these altcoins and find the founders and put a case towards them to try and shut them down?

It happened with Do Kwon and Terra Luna having Interpol issuing a red notice against him.

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.
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.  :P
Shame (for them) they can't find, arrest and prosecute the real Satoshi Nakamoto  ;)

Well then @dkbit98 you do not want to know about ripple and what the government has done with this case yet again involving their corrupt hand the SEC. They had people in government who have held assets while this trial was going on.
But back to the topic at hand.

This fine to Kasdashian was seen as a slap on the wrists because she was paid $250K to promote the project at the time. So really only had to make a settlement of $750K according to the quarterly.
The real punishment in this would be she can not pursue wanting to become a lawyer any longer because this is not allowed to have anything concerning the SEC filed against you and having not passed the bar exam.
https://www.washingtonpost.com/business/kim-kardashian-settles-with-sec-over-crypto-promotion/2022/10/03/8976daa8-4313-11ed-be17-89cbe6b8c0a5_story.html

Because it only takes one miner to out do what Craig Wright has done and not an entire government funded section dedicated to just securities it seems.
https://i.ibb.co/mqqq6ys/BSV.jpg (https://ibb.co/HzzznPv)
https://i.ibb.co/VWsjshH/BSV1-Miner.jpg (https://ibb.co/QF4b4q8)
https://protos.com/craig-wrights-bsv-chain-has-been-captured-by-a-single-miner/

After Gemini with their lending program go defunct the SEC and Gary Gensler sues Genesis and owners the Winklevoss twins,
https://nypost.com/2023/01/13/sec-sues-winklevoss-twins-over-gemini-earn-program-that-sparked-900m-crisis

I don't understand why they need these influencers to promote crypto. I think there isn't any need to hire this paid influencer to encourage crypto.
Let it be reached organically by the people.

SEC is the root of all problems when it comes to anything crypto related as anyone can see what it had done to it:
For the first time in it's history there was a death cross on the weekly technical analyst of bitcoin yesterday.

Here is a rundown of what this governing arm has done in the past 6 months to have it come to this:
https://i.ibb.co/gFhz4Qf/SECs-Crosshairs.jpg (https://imgbb.com/)
https://twitter.com/robustus/status/1623484121342173184

Here is the answer to beating the SEC, and essentially all of government's regulations, at least in the US.

There are two categories of living in the USA: Public, Private. Government has authority over public living, but it has very little authority over private living. The short answer is, live your life in private rather than public.

What does that mean for crypto? Do your crypto exchanging in private, so nobody knows the details about why you are transacting. Make a public statement for anyone who asks that such transactions have been done privately.

The fact is that if you don't use any public exchanges, the details behind any crypto operation ARE extremely private already. It takes the CIA and the NSA a bit of work to find out who is even behind transactions, provided that you don't tell them, and provided that you use a VPN to mask your Internet IP address.

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

What I mean is this. If your buddy comes over to your house, and you trade a bunch of money in your living room, it's a private transaction. Same with crypto. But make a formal agreement (PMA) that this is between the two of you, so that if the SEC pokes their nose in, they don't have the authority. It was private.

There are two parts to PMA making and operating: the formal PMA membership, and what to do to handle things if the SEC won't back down when you show them the PMA paperwork. Both parts can be found at the ProAdvocate Group here https://www.proadvocate.org/. The basic guy behind this was Karl Dahlstrom (deceased) - https://www.youtube.com/watch?v=13OHj_2TOOA. But a general search on PMAs will give you a lot of info about how they are in use all over the place right now - https://duckduckgo.com/?t=lm&q=private+membership+association&ia=web.

Two thoughts regarding crypto and the PMA:

1. PMAs have no limit to the number of them that can be made. The only thing is to show something in the particular PMA in question that it is different than any other PMA. The way to do this with your crypto PMA is to use the hash of the transaction as the identification number of your PMA. Make a new PMA every time you transact. Write the PMA membership details right in the client, and reference it all in the transaction memo.

2. If the SEC drags you into court, never use an attorney. Why not? Because doing so drags you into the public, the exact thing that you don't want. See https://www.youarelaw.org/Download/CorpusJurisSecundum-AttorneyClient.pdf. ProAdvocate Group explains about not using an attorney. Rather, use a paralegal that you have contracted with to be your co-counsel. Much of the time paralegals know more law than attorneys, because attorneys use them to do their case research legwork.

8)

SEC sues another celebrity the exact same one that they did to Kardashian on the promotion of a cryptocurrency scam.

SEC fines former NBA star Paul Pierce $1.4M over Etheruem Max
https://www.coindesk.com/policy/2023/02/17/sec-sues-former-nba-star-paul-pierce-over-ethereummax-promos
https://decrypt.co/121615/nba-star-paul-pierce-sec-fine-ethereum-max

Don't know why it took this long after fining her to go after this ex-NBA star for the exact same suit regarding promotion of a cryptocurrency.
But they only did just settle this late last week so they are really going with a fine tooth comb to squeeze even more out of this situation on the aftermath of the downfall of cryptocurrency exchange FTX months later.

If a project, token or security is actively being promoted by someone famous on social media, then that should be considered to be a red flag. Period.

I believe the settlement is not big enough to deter other shady people on internet to continue pushing these scams to their naive followers, in my opinion, instead going against legit tokens and coins like Bitcoin and BUSD, the SEC should step up their efforts to get "influencers" accountable if they do this.

I agree that this is a good thing to do. This isn't some "be aware" story or scary thing, this isn't some witch hunt, these people promoted some shit stuff for money, making others lose, just so they could profit, and that is illegal.

You can't do that with gold, you can't do that with stocks, so you shouldn't be able to do it because it would cause others to lose so much money and not only unethical but it is against the law at the same time. On the other hand, if you come out and say "this project paid me to promote it" and then do it, that's fine, just like having an "advertisement" logo somewhere or something, allows people to see you got paid for it, otherwise what's the point.

Glad there government is serious about sueing up those famous and rich people promoting scam since this could serve a warning to many influencers to not try to promote any crypto scams to their followers also with other celebrity to use their fame and take advantage just for their own personal gain.



The amount is not huge and those big celebrities can pay that so there should be more to make them accountable so that this could serve a good reminder not to go on illegal promotions.

Correct, I was in charge of the SEC I would propose those influencers to pay up 200% of the alleged money they received to promote those shitty coins and tokens. It does not make sense to fine someone if in the end they still will have profits from the crime they are being indicted of.

This is not supposed to be a slap on the wrist, otherwise these promoted scams won't get controlled at all.

And the clear evidence of this is on twitter, instagram and meta for the courts to show they did do the crime.
Which is why the SEC has avocation for going after them in the first place. Because they did not put a disclosure in those promotions nor their videos.
Even the youtube crypto influencers are starting to put those disclaimers on daily videos once they publicize them on their channels.
Solely because the SEC have enforced their mandate with actually prosecuting these celebrities promoting these crypto projects.

The amounts were the same for both these promoters of the Ethereum Max token project.
Which I don't know if it was just for the amount they were paid to promote them or some other things they found to put towards the fine by the SEC.

I would assume saying they are not allowed to promote anything to do with cryptocurrency projects for the next three years is good enough and not warrant any jail time tells you something.
Just asking for the amount of money back for what they were paid was kind of a just a slap on the wrist and ask them not to do it again anytime soon does not solve anything.

Basically this is just regarding law and nothing more, that's what I have been trying to convey to everyone. There is a law that says a make up youtuber has to say that they got paid (not directly say it but say like "business partnership" in description of the video) when they promote a new brush, and this is just a brush, how expensive it could be? Whereas we are talking about people promoting investment and causing millions of dollars to change hands with their promotions if they are famous enough.

This is why I believe that it shouldn't really be an issue or be weird for SEC to go after these people, you have to say it was a business partnership in order to get away from jail.

I haven't been following any action taken by the SEC ever and I don't know whether they disclosed more cases than just the one about Kardashian because that puts them in a better light?

There are so many influencers or celebrities promoting scam tokens that the SEC could actually be posting several reports every day about that. I really think that this Kardashian thing was something they couldn't ignore because of the public awareness.

Yet everyday rappers or boxers or people like Logan Paul pull of their scams or promote scam stuff and we don't get to read anything about it. Any other cases where celebrities have been sued or got a penalty by the SEC?

Logan Paul has been caught to be prompting a definite scam of the failed Crypto Zoo project and those NFT eggs a little while ago.
https://www.bbc.com/news/technology-64210289
But it never fell in any jurisdiction with the SEC for some reason.
Is it because it was too new for this law they have put in place trying to defend the public from being defrauded?
Or they didn't take enough money from their customers to make them take action? Only they would know.

I would guess that the law is not there yet in time for him to get any punishments, he probably got a slap on the wrist type of thing, a stern warning of "never do it again if you do not want to pay millions in fine" and you are not going to see him do it ever again, not without disclosing at least.

I believe that sponsorship and business partnerships are different. How? Well let me put it this way, if you go on twitter and write "this new NFT is awesome!" that's basically getting paid to promote, but if Logan has a fight, and he gets a sponsorship for the fight, lets say on his trunks, and he tweets "thank you to X nft project for sponsoring me in this fight" that would be fine. He could try to do that.

You mean what Khabib Nurmagomedov, a well known former fighter in the UFC, just did on his twitter promoting a cryptocurrency project?

"Do you want to enter a closed community and get the chance to meet with me? The new crypto product that I am creating in collaboration with the GMT project will be your pass. I'll tell you all the details soon"
https://twitter.com/TeamKhabib/status/1629067947376361472

Many are questioning if it was really him who put this tweet out or maybe his agent has control over what is published without his approval.
Who really knows with these celebrity types.

But from what I gathered by going to the site in question, here is what you see directly on the splash screen for their project. So you can decide if it sounds legitimate.
"Easy Way to Earn Bitcoin: Earn BTC via staking GMT Token, holding NFTs, and playing a game, all of which are backed by the real mining infrastructure of our data centers."

This is nothing new. Years ago there were celebrities promoting pump and dump stock scams who got slapped down bey the SEC hard. Then you have the people promoting gold & precious metals who got slapped down hard. The standards and laws and wording of what you have to tell people about in terms of risks and holdings have been settled law for decades. Just because it's new people with a new medium of communication about a new thing does not make it any different.

If you take advice from somebody who just posts videos on youtube or posts on other social media places you are an idiot.
If you are promoting these things without putting in a basic disclaimer about certain things you are an idiot.

-Dave

 

Yet people are puppets and pawns in the eyes of these influencers, so what more do you want to come out of this @DaveF ?

Meanwhile the SEC are looking to lobby all cryptocurrency as a security except for bitcoin.
https://news.bitcoin.com/ripple-lawyer-argues-sec-chair-gensler-has-prejudged-crypto-asset-cases

Nothing they haven't done before but this time it is post-FTX and the destruction they have caused littered with casualties in it's wake.

Nothing really, I was just pointing out this has happened many times before. From direct mail to radio to TV and now to the internet.
The medium has changed not the scam. Every time the medium changed the authorities started going after these people again until it slowed down. And then the next bunch starts with the next was go getting to people.

As the saying goes, you can't fix stupid. If you want to invest in something because somebody tells you to without doing ANY kind of research then you are going to get burned.
Part of the job of these government agencies is to act as your mom and stop you from doing soothing stupid. If they should or not have that as part of their job is a discussion for a different place.

-Dave

There is a petition out from the digital currency traders alliance to rule against the SEC. US citizens only because you need to assign your district's politician to speak for you on this matter
https://i.ibb.co/T1krDng/StopSec.jpg (https://ibb.co/5k62XzR)
https://joindcta.org/advocacy/stop-the-sec

SEC has been making headlines the last couple of days with an all out war against anything to do with cryptocurrency.
In it's latest they have their sights set on binance's stablecoin busd and this has caused many to withdraw theirs from the platform and liquidate these assets in fear of a court ruling which will deem them as a security (https://blockworks.co/news/sec-triggers-bank-run-on-busd).
https://i.ibb.co/1RTYjHw/Sec-Attack-BUSD.jpg (https://ibb.co/tYDwFyW)
source: https://beincrypto.com/sec-staff-say-binance-us-offers-unregistered-securities

Some have speculated with this ruling it can cause a sideeffect among all other stable coins and even take down USDT along with it. Implicating all of the other stable coin markets as we know it:
https://cryptopotato.com/what-will-happen-to-binance-if-sec-manages-to-kill-busd

From the latest "Shill Team" of who got served by Scary Gary and SEC this past week, NBA All-Star Shaquille O'Neal was mentioned as one of the defendants in this lawsuit. https://economictimes.indiatimes.com/news/international/world-news/us-sec-files-crypto-fraud-lawsuit-against-lindsay-lohan-and-7-other-celebrities/articleshow/98931900.cms?from=mdr
Soulja Boy a producer of music and rap-artist is the only one in the lawsuit who hasn't settled and paid the fine.
So he is the only one to have enough contempt for what Gary Gensler and the SEC are doing and decided to fight back with a countersuit?
Along with the other cases currently going on with Garlinghouse CEO of Ripple (https://www.cnbc.com/2023/01/18/ripple-ceo-optimistic-crypto-firm-will-get-sec-xrp-lawsuit-ruling-soon.html) and now Coinbase with Brain Armstrong against their earn program (https://www.wsj.com/articles/sec-plans-lawsuit-against-coinbase-according-to-exchange-624f3a69) you would think they have enough on their schedule.
So now just might be the right time to pursue this to the Nth degree.

Another one for Ripple against the SEC which from the looks of it will be closing soon enough in favor of Brad Garlinghouse.
https://bitcoinist.com/ripple-bolsters-case-new-filing-ruling-end-april

The SEC thought taking on the cryptocurrency sector meant they were going to knock each one over like dominoes and that was it.
Game over!
But they have took on the entire crytpoverse and now looks like they have bit off more than they can chew.

https://i.imgur.com/iOeIoRG.jpg

TWITTER VIDEO LINK (https://twitter.com/GaryGensler/status/1576897535427448832?s=20)

Actually, this is a great topic to cover for crypto Dummies, this will surely protect for who want to invest in crypto but don't have proper knowledge about the risk involved in it, they think it is all just gains, which is not a real deal, and I think if we could share this video this will surely spread awareness that not because it is well-known personnel you can be so sure that it is a 100% legit project, but what about it is a 100% legit project but it just failed miserably then it will surely land on scams or a rug-pull project, and it doesn't mean that if a celebrity is endorsing it, it will be a 100% success project I think we need to always keep in mind the DYOR word,

Well, I think that this is a powerful message to now do such a thing and if Kim Kardashian could be charged and can be punished by the law then I think Logan Paul and other influencers on Youtube that show's misinformation and sometimes direct scams could be sentenced with the same punishment,

That is a good take. Influencers should take a lesson on this. They should not take seriously who or what they are endorsing to the public. Since most will just follow what famous influencers do, it is upon them to make sure that they are not guiding their followers to bad decisions. We can only reach so much and educate a few but these influencers have a vast reach in their network. If they can educate themselves, and do their own research before accepting the endorsement, then there will be fewer victims of scams caused by them. I know it is hard to resist good money coming from scammers, but they should also bear in mind that they are influencing a lot of people who, not all but most, follow them blindly.

This is the sad truth about social media they will surely allure many people to buy such things because they truly believe that it will change their lives when it hits double but as time passes, there will be no money that will come back to those people that invested in that project their money is long gone and sometimes they surely believe what their influencers are saying when an influencer just do things many of their followers are blinded to this, and as the saying goes monkey see monkey do,

---

Although not Crypto related I think this is surely relatable and has the same concept as the cryptocurrency Stock pump and dump, because in  this issue they charge those popular influencers on the internet here is the link to the ARTICLE (https://www.cnbc.com/2022/12/14/sec-charges-social-media-influencers-in-alleged-100-million-fraud-scheme.html) they will surely lead their followers in buying with stocks and when that particular stocks get higher they will sell all of their stock without informing their audience that they will sell, and so this is kind of a scam leading to many of their audience in a loss of $100 million in total,

Gary Gensler will go against the courts today this time for his own sake.

https://www.wsj.com/articles/sec-chair-gensler-to-defend-climate-crypto-plans-before-gop-led-panel-2e3a6ade
https://cryptoslate.com/congressman-advances-legislation-to-fire-gary-gensler-downgrade-position

United States Representative Warren Davidson has declared he would introduce legislation to fire the boss of SEC.
source: https://cointelegraph.com/news/rep-davidson-to-introduce-legislation-to-fire-sec-boss-gensler-for-crypto-overreach

FTX and his involvement in the now well known defunct cryptocurrency exchange and him knowing Bankman Fried and his parents with their past encounters and relations. This most definitely will be a talked about subject during his defense.

@rdbase. There is also a video of Gary Gensler promoting Algorand. The link to the video is included in the article. Uncle Gary should sue himself and also pay for the fine himself hehehheheh. The is head scratching. The cryptospace has created clowns and hustlers out of many people.

https://i.ibb.co/Jyqh15f/C6-D21177-2-D22-4-C78-A0-ED-3-E9-F6280020-D.jpg

The head of the Securities and Exchange Commission, Gary Gensler, has been caught promoting Algorand. Critics are calling him a hypocrite.

Footage has emerged of Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), promoting the cryptocurrency Algorand (ALGO). Gensler, SEC chair since 2021, is spearheading a regulatory crackdown on Bitcoin and other cryptocurrencies.

At one point in the clip, Gensler speaks highly of Italian computer scientist Silvio Micali, the project’s founder. “Silvio Micali’s Alogrand, he’s a Turing Award winner at MIT I work with… Silvio’s got a great technology, it has performance, you could create Uber on top of it.”

Source https://beincrypto.com/sec-chairman-gary-gensler-caught-shilling-algorand-now-deems-it-a-security/

We should all observe one downside of this news, they are targeting crypto ads only. God only knows how many ads she might have done in the past which were not published publicly. That’s already insane to hear that they need info on advertisements also.

I am still wondering why Google is not behind the bars considering they kee running millions of such ads directly or indirectly?

You do not know if the project is scam or not until it’s exposed to scams.

Moreover, is it about the money? Imagine why Elon is still free and without charges. Lolz

Musk has gotten away with alot of things related to the shilling of doge coin on a publicly broadcasted show called Saturday night live in New York City last year to promoting it on his own globally used platform twitter.
So he will not be charged with any violations to do with them and it's use if he hadn't been so far in his past entangles with any cryptocurrencies.
On the other thread dedicated to Elon Musk's dealings into bitcoin with his Tesla Corporation, there is a two-day interview he did on Fox Business news released yesterday on youtube here:
https://bitcointalk.org/index.php?topic=5336007.msg62110887#msg62110887

@bbc.reporter Yes, I have seen that video along with someone stating since he promoted that coin he should be charged under his own law because they had invested into Algorand and lost a massive amount under that advice.
It was $2 and now it is $0.20 so a 10x loss while taking Gensler's own advisement into the project.

@rdbase. I speculate that uncle Gary might also be one of those who invested in Algorand and has lost 90% of his investment hehehe. This might be why he is cracking down on everything in the cryptospace, this might be personal for him hehehehe!

What a hypocrite. On the one hand he attacks the cryptospace, but on the other hand he promotes crypto projects. He was like spitting and licking his spit back, so disgusting.

Alot of representatives during the hearing against what GG has done during his term as head of the SEC.
You can go to several media sites and view all the drilling they had put this gary guy through.
Eventually he will crack and say he doesn't know what he is doing.
You can clearly see with the questioning by Emmer had him rattled to the point his hands were shaking.
https://cryptoslate.com/us-congressman-emmer-says-sec-chair-gensler-is-incompetent

@rdbase. I am not arguing that there are no scams in the cryptospace but I very much agree. The rules and regulations they use are based on traditional finance and they try to use what the think might apply on the cryptospace. However, in reality, there is not any clear regulatory guidance on the cryptospace. Uncle Gary and the SEC only get the old rules and go on a witchhunt hehehe.

It would appear the SEC isn't interested in going after Proof of Work currencies, at least for the time being. First and foremost tho is the question of whether or not there is an "expectation of profit" one can assume when purchasing a cryptocurrency. Musk never promised anything regarding Dogecoin. Second is whether or not there is a specific governing body that steers the direction of a coin's development -- neither BTC or DOGE have such things.

As someone who's been following his DOGE-related moves rather closely, Elon did say he was going to accept DOGE for SpaceX merch payments. That's the one thing he said that he hasn't followed through with yet.

SEC are in their own little hell right now so they either don't have the time or the resources while the entire senate are grilling them during testimony which hasn't ended just yet.
You are correct, Musk never did promise anything. He is no fool to do so with everything that is widely seen in the public eye regarding to cryptocurreny regulations and with him owning several businesses he does not want to jeopardize them in anyway possible just for the memes, so to speak.

He is currently in a lawsuit which is why he changed the twitter logo a couple of weeks ago to the doge coin just so to show his defiance to the SEC & the ones who are involved in the suit.
But I digress, there is a thread dedicated to his farces located here for any further discussions about Mr. Musk:
https://bitcointalk.org/index.php?topic=5336007.msg62126720#msg62126720

I said it in another thread: the SEC is only interested in making a show as if they're doing something and going after the easiest targets. They'll either go after perpetrators who are clearly guilty, trying to flee, shutting down the business, cleaning accounts, or they go after people with money who the SEC know can pay the fine.

I don't like XRP but the SEC was so eager to shut them down and move on to another target, but Ripple lawyered up good and defended and now when Gensler was asked if it's a security he didn't answer.
Now he doesn't even know what is and what isn't a security. He's too scared of being sued by everyone.

Gensler said Coinbase allowed for trading of unregistered securities but he didn't sue Coinbase. He allowed FTX to scam people, but rejected Ark Investment and Grayscale bitcoin ETFs, that had all the proper paperwork. What a clown world this is.

@darkangel11
Because Gary of the SEC is picking and choosing who this mob is going to hustle and since he was buddies with The Bankman Frieds Gensler turned a blind eye to the entire FTX maelstrom which resulted in an atom bomb to the cryptocurrency market.
With Coinbase, I am not entirely sure what his end game was with them. Maybe he likes a fellow bald guy in Brian Armstrong.
Thats the only thing I can see in why he let the whole security case go with insider trading.
https://www.bloomberg.com/news/articles/2022-07-21/ex-coinbase-manager-arrested-in-us-crypto-insider-trading-case
https://www.washingtonpost.com/business/2022/07/21/coinbase-insider-trading-arrest

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:
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/

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://studio.glassnode.com/metrics?a=BTC&category=Exchanges&m=distribution.BalanceExchanges

They are in a rush to get all the crypto exchanges to comply with the suit raised against Coinbase a day after.
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

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.

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.  

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.

     -  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.

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.

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.

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.

 8)

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.

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

https://talkimg.com/images/2023/06/30/S5s53.jpeg
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.

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.

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.

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.

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. 8)

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.

This is so very true @Wind_FURY: Bitcoin does not need the Spot Bitcoin ETF. They are a corporation so of course they only consider choices that benefit their own entity and nothing more.
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.

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?

Another possible cause for drama are the proposals they included in their registration statement for the SEC. They were letting everyone know that they have the lone right to choose which chain they consider Bitcoin in case of a fork.

I talked about it in these posts.

https://bitcointalk.org/index.php?topic=5456494.msg62452869#msg62452869

https://bitcointalk.org/index.php?topic=5456494.msg62417885#msg62417885

Tin-foil hats on, but it could be dangerous because if five other ETF filings are approved with the same "proposals/arrangement", BlackRock and the other ETF issuers could cause a hash war, then together be the Cabal that could have enough influence to persuade everyone which side of the fork is Bitcoin.

Interesting article I found while looking for some insight of why the bitcoin price broke $31,230 earlier from $30,436 today on news about the SEC pursue of anything to stop it's progress any further.
This is speculation but it just might be closer to what is actually going on with the SEC and dirty gary is trying to play around with the recent filings of BlackRock Capital:
Gensler May Be Working For The interest of TradFi
"Industry veterans are now calling on SEC Chair Gary Gensler to step away from crypto enforcement actions.
There have been allegations of the top cop favoring TradFi players."
source: https://www.crypto-news-flash.com/blockchain-association-after-sec-chair-gary-gensler-sued-ripple-xrp-binance-and-coinbase-chair-has-to-step-back

They will not ever come to BSV influencers because BSV is not a security  ;D and besides that, the BSV is the original of Bitcoin the satoshi vision they will not ever get chase by the government  ;D


here is the update

https://www.talkimg.com/images/2023/07/04/SOsPf.md.jpeg (https://www.talkimg.com/image/SOsPf)

So that's why it is pumping along with Bitcoin Cash (BCH), since as you have stated they are the "real bitcoin".
The government won't chase it solely because it hasn't gone over what their target for buying it all up is yet.
If you get what I mean.

Maybe Goober Gary can help them both out:
Lil Bubble - Gary Gensler - Smells Like Securities (Eminem - Without Me - Crypto Version)
https://www.youtube.com/watch?v=xfwpAhlVALQ

BSV is a fork of Bcash. It is not, nor will it ever be the original Bitcoin. I didn't even know there was such a thing as BSV influencers. Who is there to influence? Only idiots would fall for this scam fork. It is not a security because it has lost so much value that no reasonable person should expect to make a profit from investing in this joke coin. There are much bigger scams for the SEC to worry about and collect bigger fines from.

With the recent announcement of the ripple (xrp) court case coming near a close let's look what the one who filed it had to say about it before today's verdict in the cryptocurreny's favor:
These are interesting Ripple vs. SEC court case timeframes by Gary Gensler.
https://twitter.com/MrManXRP/status/1679507336749101056

What are your thoughts?

I haven't looked real deep in to the situation but I can say that I'm glad he put all of these scumbags on blast.  There's nothing more sickening to me than rich "influencers" (which the term makes me want to puke) who either knowingly or unknowingly promote these ponzi schemes.  Floyd Mayweather is probably the best example.  What a scumbag pos human being his it.  I can't stand any of these people you listed, and it's unfortunate that they didn't get more severe punishments.

You mean like what Carlson told Andrew Tate he should of done to get away with billions such as SBF did with the FTX crypto exchange?
https://talkimg.com/images/2023/07/14/ZVRJm.jpeg
https://twitter.com/VentureCoinist/status/1678891376468176899

Unfortunately that happened on Bad Old Gary's watch at ivory tower of the SEC.
Which seem to be crumbling now with one of the biggest cases against cryptocurrency evaporating before his eyes.

SEC goes after another crypto influencer but this one had created their own blockchain to rival ethereum for the go to for smart contracts called HEX:
https://nationworldnews.com/sec-sues-influencer-who-promised-to-outperform-bitcoin-and-ethereum
https://ihodl.com/topnews/2023-08-01/sec-sues-hex-founder
https://www.ccn.com/news/sec-sues-hex-founder-unregistered-securities

Funny thing is, Gary Gensler and the SEC chose to have this court case filed on the same day as a film about the HEX founder came out:
The Highest of Stakes: The new crypto king or billion dollar conman trailer: https://www.youtube.com/watch?v=KtfjEg_ou6c

It's been a long time since I heard the ICO (Initial Coin Offering) and it comes out again. I heard the PulseX project before, but I never had the chance to check it out.

It looks like SEC or should I say Gary Gensler won't stop at this point and there may be more projects that will come out being filtered out by them. He may be busy with checking out the AI technology injected in cryptocurrencies, but he won't stop suing more.

I found some recent news about SEC and Gensler.
https://www.coindesk.com/policy/2023/08/15/republican-lawmakers-demand-gensler-tell-them-how-prometheum-got-sec-approval/
Republican Lawmakers Demand Gensler Tell Them How Prometheum Got SEC Approval

Ooh. That is quite a serious question indeed.

After all the bad news with the SEC attacking Binance it didn't look too good for the US half of the site. Especially with two of the last CEOs resigning and one being investigated recently, this FUD seemed to be at the right time.
But now the judge has thrown out the case against CZ and this is a live shot of what he has to say to Gary Gensler and the SEC

https://twitter.com/valueandtime/status/1703916149677740375

https://talkimg.com/images/2023/09/19/6rmo5.png

https://cointelegraph.com/news/evidence-in-sec-suit-includes-2022-testimony-of-binance-us-long-silent-ex-ceo

https://fortune.com/crypto/2023/09/13/binance-us-ceo-departs-100-employees-laid-off/

^CZ. I remember when he posted something about BitBoy too.
https://i.ibb.co/HXPsHx3/bitboy1.png (https://imgbb.com/)
https://x.com/DevKhabib/status/1704875945612505445?s=20

And now, BitBoy is in the hot zone.
https://decrypt.co/198741/ben-bitboy-armstrong-reportedly-arrested-after-livestream-rant

A crypto influencer who was also cornered because of supporting or promoting FTX.
I don't know what happened to this guy. IMO, he ain't thinking straight anymore. He livestreamed someone else property, he brought a gun, and to make it worse his woman who he is having an affair with.
Now the donation thing stream that he did is getting worse feedback and I doubt he will get any penny now.

He is already released on bail but he put some scar on his reputation.
https://www.coindesk.com/policy/2023/09/26/ben-token-plunges-30-as-crypto-influencer-ben-armstrong-apparently-arrested/

Just saw on a youtube live stream that SEC has dropped its case against XRP/Ripple's Leaders

As a result today XRP Registered Biggest Single-Day Gain in 3 Months.
This is a huge win for XRP backers and other crypto in general as well ;D

https://talkimg.com/images/2023/10/20/TUpRo.png

https://www.businesswire.com/news/home/20231019165876/en/In-Landmark-SEC-Surrender-Ripple-CEO-Brad-Garlinghouse-and-Executive-Chairman-Chris-Larsen-Are-Cleared-Of-All-Baseless-Allegations

https://www.coindesk.com/markets/2023/10/20/xrp-registers-biggest-single-day-gain-in-3-months-after-sec-drops-charges-against-ripples-leaders/

Its been 3 years since the SEC accused Ripple Labs of violating security laws to raise billion+

^^
That is some huge news to drop from a case that the whole entire cryptocurrency space has been waiting to hear about the result too.
SEC dropped the legal case against the founders of ripple but there has been news that Gary Gensler can still appeal at a later date. So it is sort of a mute point since it doesn't mean much if SEC decides to go this route.
The cryptocurrency markets did respond to it when it initially was released a couple of days ago but has recessed a bit now of hearing such an appeal can still be in the works.
It is stalling tactic that the SEC and Gary is known for so don't be fooled.

FTX founder Sam Bankman-Fried was sentenced today and found guilty on all charges of committing fraud.

In other crypto-related celebrity news there was a case of a rather well known superstar in the NBA who had to flee from his mansion from the so called Crypto King:
"Shai Gilgeous-Alexander says he was forced to flee his $8.4 million mansion after a threatening visit from a stranger looking for Ontario’s self-proclaimed Crypto King Aiden Pleterski."
source: https://protos.com/nba-star-flees-8m-mansion-amid-threats-from-crypto-king-victims

Another possible hit to crypto world today as binance agrees to pay 4 BILLION $ fine to end the US legal action against them

Sadly, this also means CZ will be resigning as the CEO
 ;(

All this just when btc was on the rise...

One by one they are targeted. $4B is a penny to CZ,, he probably has 100B in his account but paying means admitting his criminal charges without litigation which is like this settlement will be the pay for the DOJ to stop harassing CZ. But I think CZ will also pay to make this stop and he can move on. Probably doesn't want the CCP to come join grilling him and ask another $4B from him.

This has nothing to do with Bitcoin, so hopefully it won't affect the price much. As far as I can see, not even the BNB price has been significantly affected yet, and is currently back to the values before today's pump.

Directly yes it has nothing to do with bitcoin, but huge news like this that may appear to affect one particular crypto in general always has ripple effect for most other cryptos as well.
However yes, its gonna be a day since the news broke soon and i am glad it didnt affect the prices as it protentially could have..  ;D

Neither has moved on the news which hit cryptocurrency related users like a sledgehammer late yesterday.
Don't believe anybody saw these charges coming all at once towards his company during the briefing and prior to him needing to step down as CEO due to the nature of the crimes he was accused of.

Here is a news report from ABC News which runs down what occurred with the SEC on this matter:
https://www.msn.com/en-us/video/news/is-the-largest-global-cryptocurrency-exchange-binance-a-fraudulent-front

@target CZ also had to pay $50 million that was not part of the $4.3 billion settlement towards Binance yesterday. People have also mentioned he was paying the CCP since his family is from there and still has ties to China even though he has citizenship elsewhere.

Funny thing is the SEC was suing Jesse Powell the CEO of Kraken exchange yesterday. Then news broke about CZ and Binance resulting with all the focus on them instead.
https://cryptonews.com/news/kraken-exchange-ceo-jesse-powell-slams-sec-for-assault-on-america.htm

  Kardashian has a very large number of followers in the world of social media platforms. There are around 331 million followers; maybe only 1/4 of them will get to invest in the crypto that they are promoting. For sure, the one who paid the influencer is very generous.

  Then the influencer who promoted it also for sure made a million dollars from what he did, but honestly, I don't know if I will be happy with what Gary Geisler is doing because it is the number one opposition of decentralized cryptos in this field. Everything they can earn that they can control, they will do. It's okay if the influencer did a trick for which they paid a fine.

Binance and CZ were investigated into money laundering and the selling of securities by the SEC:
https://talkimg.com/images/2023/11/30/NNw22.jpeg
The above was posted up just a day before another law suit against the company were released from others involved.

Ever since there has been a target put on the crypto exchanges back for more law suits to be filed with the latest one happening to Ronaldo:
https://www.forbes.com/sites/zacharyfolk/2023/11/29/cristiano-ronaldo-faces-1-billion-class-action-lawsuit-for-promoting-binance/?sh=34d341964d1d
It seems the same lawyers from a Miami law firm are representing the cases against the celebrity sport stars who were promoting these crypto exchanges:
https://www.marketwatch.com/story/why-do-people-keep-suing-celebrities-like-ronaldo-and-tom-brady-over-their-crypto-losses-2b0624af

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

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

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

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

Gary Gensler: Bitcoin Leads Market Share of Ransomware

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

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

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

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

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

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

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

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

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

Gary Gensler clarifies crypto stance post-Bitcoin ETF approval
https://www.cryptonewsz.com/gary-gensler-clarifies-crypto-stance-post-bitcoin-etf-approval/
https://i.ibb.co/JHC1rxQ/Screenshot-2024-02-22-074315.png
Yes, he is really against Bitcoin. :D

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

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

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

https://talkimg.com/images/2024/03/25/JWzq5.jpeg
https://coinedition.com/solana-surpasses-ethereum-in-daily-stablecoin-volume

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

Chief Legal Officer of Coinbase Paul Grewal also shared this in his X account.
https://x.com/iampaulgrewal/status/1772993916146479193?s=20
https://i.ibb.co/hyZKBnb/Screenshot-2024-03-28-141621.png

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

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

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

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

SEC gets sued by cryptocurrency firm Consensys citing on the long debate on whether ethereum should be viewed as a security.
https://talkimg.com/images/2024/04/29/rG83c.jpeg
https://www.dlnews.com/articles/regulation/consensys-sues-sec-to-block-action-on-ethereum-and-metamask

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

US lawmakers urge SEC to approve Bitcoin options trading
https://i.ibb.co/pyMhG8P/Screenshot-2024-05-03-143523.png


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


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

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

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