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

[rdbase]

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 he 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://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.

[rdbase]

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

[Reid]

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

“The timing of the approval raises concerns that it was aimed at demonstrating that legislation is not needed because there is a workable regulatory framework for the custody of digital asset securities,” the letter said. The lawmakers also sent a letter to the head of the Financial Industry Regulatory Authority (FINRA) – an industry-funded group that sets and enforces securities standards under the SEC’s watch.

The letters raise “serious questions” about whether the SEC championed Prometheum as a poster firm to represent Gensler’s position that no new laws are needed to regulate and police crypto in the U.S.

Ooh. That is quite a serious question indeed.

[rohang]

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://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/

[Reid]

^CZ. I remember when he posted something about BitBoy too.

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

Crypto influencer Ben Armstrong, ex-host of the Bitboy Crypto YouTube channel, was arrested last night by Gwinnett County police while livestreaming outside his former business partner's house—who he alleges has his Lamborghini.

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.

Crypto influencer Ben Armstrong has been released on bail after he was arrested during the late hours of Monday after an apparent confrontation with his former business partner, part of which was live-streamed on X, formerly Twitter.

https://www.coindesk.com/policy/2023/09/26/ben-token-plunges-30-as-crypto-influencer-ben-armstrong-apparently-arrested/

[rohang]

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



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+

[rdbase]

^^
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.

[rdbase]

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

[rohang]

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...

[target]

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.

[Marvelman]

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

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.

[rohang]

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

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.. 

[rdbase]

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

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.

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

[Ben Barubal]

  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.

[rdbase]

Binance and CZ were investigated into money laundering and the selling of securities by the SEC:

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

[rdbase]

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

[dzungmobile]

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.

[rohang]

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 

[thecodebear]

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.

[rdbase]

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.

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.

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.

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.