Is Uncle Gary leaving the SEC?

[Z-tight]

This might make the cryptospace more free and very much more open for more inflows to enter.

That is a good thing, but it can also be negative if more scam services and tokens find it easier to operate and scam people, i simply want a balance, regulation shouldn't be by enforcement and the laws and regulations should be clearer for crypto firms and projects to follow. It is interesting to look forward to what the industry would look like next year, hopefully we are on for a good and progressive ride, no?

[bbc.reporter]

@Z-tight. Have uncle Gary's tactic of regulation through enforcement stopped the scammers from scamming people in the world? Are you implying that these policies of uncle Gary should be continued because you only think they were very much effective?

The rules can be enforced on a much better way without this oppression being done by uncle Gary. However yes, I will miss him heheheh.

[Z-tight]

@Z-tight. Have uncle Gary's tactic of regulation through enforcement stopped the scammers from scamming people in the world? Are you implying that these policies of uncle Gary should be continued because you only think they were very much effective?

No, that is not what i was implying, i have openly criticized Gary Gensler's regulation by enforcement, i feel it was too harsh on crypto firms and projects. However, the point i was making is that i hope we find a balance, of course scammers cannot be eradicated completely, no matter the policy in place, i just hope the new sec chair will be able to allow the network progress and still clampdown on shady services.

[zasad@]

https://truthsocial.com/@realDonaldTrump/posts/113595807734621827

"I am delighted to announce the nomination of Paul Atkins to be the next Chairman of the Securities & Exchange Commission.
 
Paul is a proven leader for common sense regulations. He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.
 
Paul is the CEO & Founder of Patomak Global Partners, a risk management consultancy. As Co-Chairman of the Digital Chamber’s Token Alliance since 2017, he has worked on & studied the digital assets industry. A former SEC Commissioner from 2002-2008, Paul strongly advocated for transparency & protecting investors. He earned a J.D. from Vanderbilt University School of Law, & his A.B. from Wofford College, summa cum laude, Phi Beta Kappa.
 
Congratulations to Paul, his wonderful wife, Sarah, & sons, Stewart, Peter, & Henry."

[bbc.reporter]

This is a shocking approval from uncle Gary's approval. Did he receive a Christmas gift? I reckon he cannot anymore use his regulation through enforcement tactic because he will certainly be investigated if he will continue to do this. There were people on social media who were shouting that this listing in the American stock market for Exodus was always being delayed by uncle Gary.



Crypto wallet company Exodus Movement (EXOD) has been approved to list on the NYSE American, the New York Stock Exchange's sibling market.

Exodus, which will be listed under its current ticker at the open of trading on Dec. 18, was originally meant to be listed on NYSE American in May, but the U.S. Securities and Exchange Commission (SEC) said it was still reviewing the company's registration.

Read in full https://www.coindesk.com/policy/2024/12/16/sec-approves-crypto-wallet-maker-exodus-to-list-on-nyse-american-after-denying-it-in-may

[zasad@]

Crypto industry awaits Trump's CFTC chair pick as Behnam announces exit
https://www.foxbusiness.com/politics/crypto-industry-awaits-trumps-cftc-chair-pick-behnam-announces-exit

6 candidates to head the CFTC:

"Brian Quintenz is head of crypto policy at Andreessen Horowitz (a16z), 
Marco Santori is the former chief legal officer of cryptocurrency exchange Kraken, 
Summer Mersinger and Caroline Pham are current members of the CFTC, 
Neil Kumar and Josh Sterling are former high-ranking commission officials. "

[zasad@]

Farewell interview.
Gensler Talks SEC Exit and Crypto's Future
https://www.youtube.com/watch?v=zO_omz8R_RM
"Securities and Exchange Commission Chair Gary Gensler comments on his tenure as SEC chair and the outlook for crypto. He speaks with David Gura on "Bloomberg Markets." Gensler will step down from the SEC on January 20, 2025."

Uncle Gary has started to speak honestly now

[bbc.reporter]

I will assume that everyone has heard of the president of Argentina, the Libra scandal and the connection to the American Hayden Davis of Keisler Ventures, Kip Protocol, Meteora cofounder and some influencers? This is a very big scandal and this has not ended.

In any case, I only want to express my apologies to uncle Gary. I want to tell him, mr. uncle Gary, you were right. If you were still the SEC chairman, you would have protected us from this scam. Thank you for your protection before. We will miss you.


Uncle Gary, SEC Chairman 2021-2025

[zasad@]

I can't help but post this news
Uncle Gary considered almost all cryptocurrencies except Bitcoin as securities
https://www.coindesk.com/policy/2025/07/31/u-s-sec-chairman-atkins-says-agency-pursuing-project-crypto-to-elevate-industry

SEC’s Atkins: 'Most Crypto Assets Are Not Securities' Under Bold New Vision
Paul Atkins, the head of the Securities and Exchange Commission, said "most crypto assets are not securities."

How quickly things change in politics. Yesterday NO, today YES, What will happen tomorrow?

[bbc.reporter]

@zasad@. Another argument that the markets in the cryptospace is being very strange and very headshaking. This news would have sent everything pumping if this market is following the normal types of bullishness from what we have witnessed before on 2017 and 2021. I know I am always repeating this argument, however, I cannot understand why the market is not pumping very much highly after much good news from the Donald and his administration.

[zasad@]

@zasad@. Another argument that the markets in the cryptospace is being very strange and very headshaking. This news would have sent everything pumping if this market is following the normal types of bullishness from what we have witnessed before on 2017 and 2021. I know I am always repeating this argument, however, I cannot understand why the market is not pumping very much highly after much good news from the Donald and his administration.

I don't see anything strange here. In my opinion, the price of most altcoins is controlled by manipulators, so there will be no pump until they buy most of the coins, and Bitcoin requires a lot of investment to grow in price. We have been waiting for the alt season for a long time.

[bbc.reporter]

@zasad@. You might be correct. Also, there is an argument that after 2017 and 2021 market bubble pops, the small minnows might have no more money to invest in the cryptospace. Their money is presently trapped in the ICOs or cryptocoins like EOS or Lisk heheehhe. I saw an influencer on social media that created a thread on why people should invest in Lisk on 2025 hehehhee. I blocked him immediately because it was very much clear that it was a paid for advertisement.

[zasad@]

@zasad@. You might be correct. Also, there is an argument that after 2017 and 2021 market bubble pops, the small minnows might have no more money to invest in the cryptospace. Their money is presently trapped in the ICOs or cryptocoins like EOS or Lisk heheehhe. I saw an influencer on social media that created a thread on why people should invest in Lisk on 2025 hehehhee. I blocked him immediately because it was very much clear that it was a paid for advertisement.

I think you are wrong to get angry at the influencer, according to coingecko the price of this coin is currently at rock bottom

Some of these coins can be bought back and show X100, but the problem is that we don't know what kind of coins they are. Therefore, I do not rule out the growth of the Lisk price

[zasad@]

https://www.sec.gov/files/sec-oig-review-587-2025.pdf
"All text messages from the former SEC chief from October 2022 to September 2023 suddenly disappeared from the SEC website." The official version - is a technical glitch
___
This period was special: the collapse of FTX, lawsuits against lawsuits against major exchanges and the Grayscale trial. Most likely, dirty laundry is being cleaned out of sight.

[Fiatless]

https://www.sec.gov/files/sec-oig-review-587-2025.pdf
"All text messages from the former SEC chief from October 2022 to September 2023 suddenly disappeared from the SEC website." The official version - is a technical glitch
___
This period was special: the collapse of FTX, lawsuits against lawsuits against major exchanges and the Grayscale trial. Most likely, dirty laundry is being cleaned out of sight.

Although any organisation can suffer technical glitches that could cause loss of important information. But the SEC is too big for this clearly avoidable mistake. Surprisingly, an important agency of the government lacks qualified manpower or good backup systems. I am suspecting that this might be a cover-up; something fishy is going on in the SEC. 

[zasad@]

https://www.sec.gov/files/sec-oig-review-587-2025.pdf
"All text messages from the former SEC chief from October 2022 to September 2023 suddenly disappeared from the SEC website." The official version - is a technical glitch
___
This period was special: the collapse of FTX, lawsuits against lawsuits against major exchanges and the Grayscale trial. Most likely, dirty laundry is being cleaned out of sight.

Although any organisation can suffer technical glitches that could cause loss of important information. But the SEC is too big for this clearly avoidable mistake. Surprisingly, an important agency of the government lacks qualified manpower or good backup systems. I am suspecting that this might be a cover-up; something fishy is going on in the SEC. 

In Russia, people say that "the Internet remembers everything ". And when something is lost, it is quickly found by other enthusiasts. It was an unforgettable time of the Wild West in the crypto market, when there was no clear control from governments. Now we have passed this phase.

[Fiatless]

In Russia, people say that "the Internet remembers everything ". And when something is lost, it is quickly found by other enthusiasts. It was an unforgettable time of the Wild West in the crypto market, when there was no clear control from governments. Now we have passed this phase.

Just like this forum, which doesn't consider some evidence from outside the forum on some issues. Information collected from the SEC's database is more valid during investigations. Some of the information lost is Gary Gensler's text messages that are not in the public domain. Such information might be difficult to recover. 

[zasad@]

In Russia, people say that "the Internet remembers everything ". And when something is lost, it is quickly found by other enthusiasts. It was an unforgettable time of the Wild West in the crypto market, when there was no clear control from governments. Now we have passed this phase.

Just like this forum, which doesn't consider some evidence from outside the forum on some issues. Information collected from the SEC's database is more valid during investigations. Some of the information lost is Gary Gensler's text messages that are not in the public domain. Such information might be difficult to recover. 

In general, everything is correct, but some messages appeared in court cases. Some messages from the correspondence were written about by well-known news media resources.
I read an opinion that there is still a lot of work for lawyers in this field. Many campaigns were processed not entirely legally.
I remember everyone when people said that the SEC is an organization that does not lose cases, but the situation has changed a lot in 5 years.