Gary Gensler's SEC sues Crypto Influncers and posts on his Twitter as propaganda

[rdbase]

Gensler won't matter anymore, I am so sure of this, he didn't know what is coming for him, Binance exchange has the best lawyers like I've heard, they will go all lent to come out with flying colors, and if Binance win this fight, it's over for SEC and Gensler.

There was a quote and the owner of Binance CZ who is very active on twitter who stated they are spending $1 billion usd in lawyers fees just to fight these lawsuits.
So you know they will have better lawyers than even the U.S government is willing to afford to fight their exchange.
Because they also have Coinbase to fight against at the same time.
At this point I am thinking Gary Gensler is just relying on fear right now because there are other exchanges that want to fight the what his organization is doing aswell with news of Kucoin starting to delist several of the coins listed on their securities tab.

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[Mr. Magkaisa]

Great news for all of cryptocurrencies about now, huh, wouldn't you agree?
This is going to drive away mainstream investors and have an affect for the rest of the Crypto Winter that we are all in right now.

Not sure if this is great news for Bitcoin, they could easily turn their guns towards Bitcoin in the same way with a slight story change.
I don't trust anything that government does, they don't care about people and they don't want people to have any freedom, especially with the money.
Just wait until they switch into fifth gear with their CBDC crap soon, and than you will see similar twitter posts about Bitoin.  
Shame (for them) they can't find, arrest and prosecute the real Satoshi Nakamoto  

     -  In a different angle, that's actually what I'm thinking, Just that there's only one thing playing in my mind and that's whatever the government is doing there in the US against cryptocurrency or Bitcoin for me, it's not good to be honest.

Why is the US government so afraid of their citizens using cryptocurrency or bitcoin? If these famous influencers have violated something, they will charge a fine, but if the former will defame cryptocurrency or Bitcoin, for me it is not really good.

[tygeade]

SEC's strangest IMO, it says unregistered exchange. Shouldn't an IPO go through SEC due diligence first? If it's unregistered, why is it allowed for an IPO on the NASDAQ? Here you can see where the SEC is headed.
- In the end, the SEC will ask that the Coinbase account be blocked. Even though Coinbase users are 99% from America. This is not protecting, but troubling its own people.
- This SEC lawsuit has a bigger impact on Coinbase than it does on Binance. Because the Binance market is global.
- COIN share price fell 12%
- 2 Days ago Binance, Yesterday Coinbase, Maybe tonight Crypto(com), or Gemini

BinanceUS assets will be frozen by the SEC. Binance US & Binance are different entities. The trade volume is only 2% from Binance Global.

First of all, if every company that is listed ended up being the same as they were listed then we would have no crimes and SEC would never look into any company with a stock on the market. Obviously some companies do get listed because they are legit at the time and then they do something that is against the law and they end up getting checked.

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.

[Wind_FURY]

Gensler won't matter anymore, I am so sure of this, he didn't know what is coming for him, Binance exchange has the best lawyers like I've heard, they will go all lent to come out with flying colors, and if Binance win this fight, it's over for SEC and Gensler.

There was a quote and the owner of Binance CZ who is very active on twitter who stated they are spending $1 billion usd in lawyers fees just to fight these lawsuits.

So you know they will have better lawyers than even the U.S government is willing to afford to fight their exchange.
Because they also have Coinbase to fight against at the same time.

At this point I am thinking Gary Gensler is just relying on fear right now because there are other exchanges that want to fight the what his organization is doing aswell with news of Kucoin starting to delist several of the coins listed on their securities tab.

Shower thought. The U.S. government might not stop with shitcoins, where Bitcoin-only HODLers want it to. Because if they're successful in stopping shitcoins, won't it encourage them to start going after Bitcoin as well?

I'm starting to believe shitcoins have their own uses, such as distracting the SEC to keep investigating on them instead of Bitcoin. Hahaha.

 

[rdbase]

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.

[rdbase]

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

[rdbase]

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.

[thecodebear]

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

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.

[Wimex]

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.

[rdbase]

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.

[Wind_FURY]

https://twitter.com/WatcherGuru/status/1674775113126772742

This crap makes bitcoin dump from a sharp rise in price this morning from surging past $31,380 all the way down to $29,800 as soon this tweet went out.

Thanks to Gary Gensler the head of the SEC. For how much longer, lets hope not for much longer or until the next court case filing against another exchange.

If that's Gensler's strategy, then long term investors who are currently bidding should place their bids lower and encourage him to keep going with his FUD.

Furthermore, Bitcoin doesn't need the ETF, it's BlackRock and the other legacy funds that need the ETF. Why? Because they'll earn investment-management fees from investors.

[rdbase]

https://twitter.com/WatcherGuru/status/1674775113126772742

This crap makes bitcoin dump from a sharp rise in price this morning from surging past $31,380 all the way down to $29,800 as soon this tweet went out.

Thanks to Gary Gensler the head of the SEC. For how much longer, lets hope not for much longer or until the next court case filing against another exchange.

If that's Gensler's strategy, then long term investors who are currently bidding should place their bids lower and encourage him to keep going with his FUD.

Furthermore, Bitcoin doesn't need the ETF, it's BlackRock and the other legacy funds that need the ETF. Why? Because they'll earn investment-management fees from investors.

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.

[darkangel11]

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?

[Wind_FURY]

https://twitter.com/WatcherGuru/status/1674775113126772742

This crap makes bitcoin dump from a sharp rise in price this morning from surging past $31,380 all the way down to $29,800 as soon this tweet went out.

Thanks to Gary Gensler the head of the SEC. For how much longer, lets hope not for much longer or until the next court case filing against another exchange.

If that's Gensler's strategy, then long term investors who are currently bidding should place their bids lower and encourage him to keep going with his FUD.

Furthermore, Bitcoin doesn't need the ETF, it's BlackRock and the other legacy funds that need the ETF. Why? Because they'll earn investment-management fees from investors.

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.

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.

[rdbase]

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

[dansus021]

why hasnt the SEC gone after all the BSV influencers

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

https://twitter.com/WatcherGuru/status/1674775113126772742

here is the update

[rdbase]

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

[FinneysTrueVision]

why hasnt the SEC gone after all the BSV influencers

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

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.

[rdbase]

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?

[ChiBitCTy]

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.