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

[Reid]

The first bitcoiners were cyberpunks.
So I don't know what you are trying to prove on a forum that the very foundation was built on their rhetoric.

So luckily the rumor about Old Gary being part of office if the democrats win was debunked a few hours after mentioning about it:

https://cryptoslate.com/senate-insiders-claim-harris-eyeing-gensler-for-treasury-as-dnc-skips-adding-crypto-to-platform

Great news just to clear things out. Not that I am against him but I think this will do good for Harris if he is eyeing for the support of the cryptocurrency fans. Gary Gensler has a bad reputation for them and if he is going to continue punishing crypto companies then I think many crypto fans would not vote for that politician. What Trump said at firing him once he is elected is the better choice. 

Here's a fact that will blow the minds of many in the crypto community: most people actually like their government, and they definitely don't want to fight it.

Proof? I don't think that's how it goes. Isn't it the other way around?

Not all regulations are good, and some can be terrible, but that's not the conversation anybody wants to have. Gensler--and anybody who replaces him--is simply demonized as "evil" because he's part of "the government".

Do you want to be part of the 10x future of digital currency? Stop thinking like a cyberpunk and start thinking like a business person...

Ever since Gensler sat as the Chairman of SEC, so many things happened in the crypto industry that are truly questionable. And about the part where someone replaces him. What if the next one is a cryptocurrency supporter? I think that will change everything.
I think you are contradicting yourself here. You say most people "likes" their government and then demonized as "evil"?

It's because there's no transparency at what they are doing which is why there's always doubt lingering in their people. For Gary Gensler it's different, he have some kind of personal feud against cryptocurrencies and not about keeping it straight.

[Sonia_123]

On August 22, the manager of Grayscale Asset launched a new investment fund for a native token known as Avalanche's native token, AVAX, which will give investors opportunity to be exposed to AVAX , which is a three-chain smart contract platform.

Grayscale has a suite of more than 20 investment products. Source: Grayscale.

https://cointelegraph.com/news/grayscale-launches-investment-fund-avax-token.

[mindrust]

Democratic party announces they will make Gensler their Treasury Secretary if elected into office:

https://www.thecoinrepublic.com/2024/08/20/sec-chair-gary-gensler-may-be-the-next-treasury-secretary-report

Defend them more if you want Harris and her politics against crypto dictate of how you handle it next year.

What a shame. Demonr… I mean the democrats are pressing all the buttons at the same time. Sorry Kabala you can’t win that way. You will get effed by Liu Kang at stage 2. You are either pro-crypto or anti-crypto and you made your decision pretty clear. You are the enemy of bitcoin.



Didn’t Trump say that he would fire Gary Gensler once he gets elected? I think the decision is clear if you are a crypto supporter.

[rdbase]

Donald Trump is getting into the crypto business himself, personally. That means everybody in the industry could be competing with the President of the United States in their business. Go ask somebody in Russia if they want to compete with Putin, or in China if they want to compete with Xi. That's what it will be like under Trump.

Advocating for Trump is advocating for massive change in the USA, for instance deporting 5% of our workforce and getting into a trade war with China. The kind of radical change that could completely wreck the conditions where Bitcoin went up 500%.

You are the Andrew Tate of bctalk forums you realize that right?

Andrew Tate Furious After Getting released - posted 14 hours ago
https://www.youtube.com/watch?v=0SYvFe_OhJ8

Everything you say on here is just as twisting of facts to your own delusional world.
No matter what anybody else says it will be the same utter fallacies.
Just like a broken record and pointless to argue with such an individual.
This is not a political thread that is why it is not in the political topic.
It is about a member of the SEC Gary Gensler and how he should be fired once a new party is sworn into office just as Mindrust had said one above.
Completely clear topic and I suggest you stay on it or any further ones will be moderated.

Back to the subject at hand:

The ETFs were approved, the US remained the largest hashrate nation, crypto apps became ubiquitous in the USA, and Bitcoin went up 500%.

The SEC are a paid organization to whomever funds them.

https://cryptodaily.co.uk/2024/08/sec-blocks-cboes-solana-etf-filings-amid-regulatory-concerns

[rdbase]

The ETFs were approved, the US remained the largest hashrate nation, crypto apps became ubiquitous in the USA, and Bitcoin went up 500%.

The SEC are a paid organization to whomever funds them.
https://cryptodaily.co.uk/2024/08/sec-blocks-cboes-solana-etf-filings-amid-regulatory-concerns

If the SEC just do whatever they do based on who pays them, then why do you so desperately want Donald Trump to win?

As I keep saying, Trump supporters here are Trump supporters who want abortion to be illegal in the USA for religious reasons, and it
has nothing to do with crypto.

Also, when you strongly and constantly advocate for a political party to win the next election, your thread is absolutely, positively political.

If you are advocating for Trump to win, you are advocating for everything he stands for, including raping women, which he was found in a court of law to have done... for instance.

Told you the next instance to try make this one of your political rants your post will be removed.
keep it to your own threads.

This thread is about Gary Gensler and not solely about politics.

Read the forum rules as it is posted on all self-moderated threads if you want to post on them!
That is what they are there for. idiot

[Reid]

What a shame. Demonr… I mean the democrats are pressing all the buttons at the same time. Sorry Kabala you can’t win that way. You will get effed by Liu Kang at stage 2. You are either pro-crypto or anti-crypto and you made your decision pretty clear. You are the enemy of bitcoin.



Didn’t Trump say that he would fire Gary Gensler once he gets elected? I think the decision is clear if you are a crypto supporter.

That was hilarious. Finish him!!! Old school.

Yes Trump said that and it was crystal clear. Gensler should try siding with other political players because there's no way Trump will help him out and in fact he want him out and I don't care if this is for the PR of getting more votes but it is definitely working.
And another big company is going to be tried.

SEC’s Case Against Kraken Will Proceed to Trial, California Judge Rules
https://www.coindesk.com/policy/2024/08/26/secs-case-against-kraken-will-proceed-to-trial-california-judge-rules/

A federal judge ruled that the Securities and Exchange Commission had brought plausible allegations against crypto exchange Kraken, meaning its lawsuit will proceed to trial.
The SEC sued Kraken last year, alleging the exchange failed to register as a broker, exchange or clearinghouse.

Prepare your popcorns. This is going to be a long battle again and it probably end up as a not desirable result and impact to the cryptocurrency industry.
This guy Gensler is really something. I don't know how is doing it but I think he likes adding more fuel to the fire. Well, I hope he won't burn himself in the process.

[rdbase]

Old Man Gary is hurrying it up with these lawsuits against everything to do with crypto lately.
He knows the end is nigh for him come November as it has been vowed he will not be in that position once the heads change in the presidential office. And drunk Old woman can not save him.

Here is another long running case against another well known cryptocurrency with a huge following.

Hex Founder Richard Heart’s Bid to Dismiss SEC Fraud Lawsuit Fails

source: https://www.cryptomak.co.uk/hex-founder-richard-hearts-bid-to-dismiss-sec-fraud-lawsuit-fails

This lawsuit was a billion dollar securities fraud lawsuit against the owner of HEX Richard Heart who had a movie called The Highest Of Stakes released last year revolving around his lavish lifestyle.
So this got Mad Dog Gary after him showing off all that money in the movie wearing Gucci and driving crypto bros in lambos across the world sailing in Super Yachts.
So of course Greedy Gensler would want to sue him at any means necessary so to confiscate those funds and assets for his agency.

[MeGold666]

Anyone following "influencers" without doing any real^[1] research of their own because of laziness deserve to get robbed by this scams.

I can only shed a tear of laugh to all the people who lost money because of influencers.

So many people say "DYOR", but not many know HOW to do proper research.

1. People are just listening for days on youtube what other "analytics" have to say and call it a research

[rohang]

Anyone following "influencers" without doing any real^[1] research of their own because of laziness deserve to get robbed by this scams.

I can only shed a tear of laugh to all the people who lost money because of influencers.

So many people say "DYOR", but not many know HOW to do proper research.

1. People are just listening for days on youtube what other "analytics" have to say and call it a research

So called influencers are scum of the earth pulling off scams one after another.
Never trust a yt or tiktok video



https://insidebitcoins.com/news/crypto-leaders-slam-sec-and-gary-gensler-for-targeting-nft-marketplace-opensea-with-wells-notice

News of (SEC) and its Chair Gary Gensler for issuing non-fungible token (NFT) marketplace OpenSea with a Wells Notice has not been taken well with crypto leaders

[Reid]

Have you guys read about this?

Kamala Harris’ Donors Privately Urge Firing of FTC’s Khan, SEC’s Gensler
https://finance.yahoo.com/news/kamala-harris-donors-privately-urge-184515866.html

Major Democratic donors on Wall Street are increasingly pushing Kamala Harris’ team to replace top regulators Lina Khan and Gary Gensler if the vice president wins in November.

Meanwhile, Gensler, whose term as head of the Securities and Exchange Commission is up in 2026, is disliked privately by both Democratic and Republican donors, some of the people said. Gensler has pushed for tougher regulations, but donors have particularly bristled at what they perceive as him talking down to Wall Street, the people said.

Ouch!
But there are also rumors that Kamala Harris wants to keep Gary Gensler in his position which is against what Donald Trump is pushing. The problem is, this are donors who might have a say about how the new president should run things. Without their support the winning chance might get lower and I bet both presidential candidate needs every possible vote they can get as the fight is too close that it's hard to predict which will win this political battle.

[rdbase]

^^
True!

source: https://en.bitcoinsistemi.com/breaking-kamala-harris-is-allegedly-considering-sec-chairman-gary-gensler-as-us-treasury-secretary-if-she-wins-the-election

Then get ready for more red towards your bitcoin and all of cryptocurrenies if she does.

[Reid]

You are right about that @rdbase.

Bitcoin Could Sink to $30,000 If Kamala Harris Wins Election, Says Bernstein

https://decrypt.co/248493/bitcoin-could-sink-to-30000-if-kamala-harris-wins-election-says-bernstein

In a stark assessment of the upcoming U.S. presidential election’s potential impact on the crypto market, analysts at Bernstein have forecast that Bitcoin could test the $30,000-$40,000 range if Vice-President Kamala Harris emerges victorious.

The report suggests that a Harris victory could lead to a continuation of the challenging regulatory environment that has plagued the crypto sector in recent years.

Way different than how they are predicting it if Trump wins.
Gary Gensler's name was not surfaced on the article but I bet that's one of the reason why many crypto analyst are predicting it the other way around since he is one of the main reason why regulations are slowed down.

[rdbase]

https://x.com/bitcoinlfgo/status/1832780457013846334

Yeah let those who don't want Gary Gensler out of the SEC keep crying about it and those who choose the right candidate will be drinking those tears!

[rdbase]

source: https://cryptoslate.com/record-4-68-billion-fines-mark-secs-toughest-year-on-crypto

Any this was under which administration again? Repeated for the next four years is what all crypto users want right?

[Reid]

In just a year? Damn! That a huge amount of money for just a year of being seated in SEC and I think it's obvious because he was targeting most of the big companies out there.

SEC Under Scrutiny: House Republicans Investigate Gensler’s Political Hiring Practices
https://blockonomi.com/sec-under-scrutiny-house-republicans-investigate-genslers-political-hiring-practices/

The investigation stems from concerns that SEC Chair Gary Gensler, a Democrat, may be prioritizing candidates from left-leaning organizations for key roles within the agency. In a letter dated September 10, 2023, the lawmakers requested that Gensler provide extensive documentation related to the SEC’s hiring processes since April 2021.

The letter states, “As this correspondence suggests, the SEC appears to be unlawfully considering an applicant’s political ideology when hiring bureaucrats.”

If proven, this will be a problem for the SEC chairman and maybe some others who helped him do it.

It's kind of awkward now.
They will be the one being investigated now unlike the way they did in the past years where they are the one investigating different cryptocurrency companies.

[shield132]

^^
True!

source: https://en.bitcoinsistemi.com/breaking-kamala-harris-is-allegedly-considering-sec-chairman-gary-gensler-as-us-treasury-secretary-if-she-wins-the-election

Then get ready for more red towards your bitcoin and all of cryptocurrenies if she does.

Why should we get ready for more red towards Bitcoin? Gary Gensler didn't want to approve Bitcoin ETFs but what did he finally do? He was forced to approve because big guys like BlackRock wanted to get it approved. Gary was talking about how he dislikes crypto and Bitcoin ETF approval and the next month he approved Ethereum ETFs and I bet more ETF applications are coming soon. I think that it doesn't matter whether Gary works as an SEC chairman or US Treasury Secretary, everything will be as the big boys want. In fact, if I were Gary, I would never show my face to the public because of how much shame he ate during ETF approval.

[rdbase]

SEC has to be more careful with what they deem as a security now that BlackRock are pulling the strings behind the scenes at the top of their organization:

https://cryptoslate.com/the-sec-regrets-confusion-it-may-have-invited-stating-some-tokens-are-securities

Binance seems to have taken the brunt of all the hate from the SEC when it came to cryptocurrencies and regulation:
https://www.coindesk.com/policy/2024/09/16/sec-places-heavier-scrutiny-on-binances-token-listing-trading-process-in-proposed-amended-complaint

Also the SEC and Gary Gensler seem to have some differences after all when they leaked his draft speech:



https://protos.com/sec-accidentally-uploads-gary-genslers-draft-speech

Comments on this leak are quite something else and worth the read:
https://www.theverge.com/2024/9/10/24241063/oops-the-sec-posted-a-draft-of-a-gary-gensler-speech

[Reid]

^Damn! That's long @rdbase. I went directly to the link you provided with some good comments indeed. I think the last guy in the comment section was right. It's a long document of suggestions and changing of the script which for me is just to make the explanation plain and could be easily understood by those who are non in the financial industry.

Why should we get ready for more red towards Bitcoin? Gary Gensler didn't want to approve Bitcoin ETFs but what did he finally do? He was forced to approve because big guys like BlackRock wanted to get it approved. Gary was talking about how he dislikes crypto and Bitcoin ETF approval and the next month he approved Ethereum ETFs and I bet more ETF applications are coming soon. I think that it doesn't matter whether Gary works as an SEC chairman or US Treasury Secretary, everything will be as the big boys want. In fact, if I were Gary, I would never show my face to the public because of how much shame he ate during ETF approval.

Honestly, he became the face of being hated by cryptocurrency supporters. He have done so much to drag the battle of Bitcoin ETF as long as he can and he still lost. The same with other ETF's. While the truth is, if the big boys comes knocking on him, he will have to open the door without even asking who they are.
I do not hate the guy but like I said, he became the face that should be hated because of all his statements. Like a NBA franchise player that cannot get a championship so your own fans will make you the face to be hated even after you are traded.
Whatever Kamala decides, she is just hurting her vote numbers.

[shield132]

Honestly, he became the face of being hated by cryptocurrency supporters. He have done so much to drag the battle of Bitcoin ETF as long as he can and he still lost. The same with other ETF's. While the truth is, if the big boys comes knocking on him, he will have to open the door without even asking who they are.
I do not hate the guy but like I said, he became the face that should be hated because of all his statements. Like a NBA franchise player that cannot get a championship so your own fans will make you the face to be hated even after you are traded.
Whatever Kamala decides, she is just hurting her vote numbers.

Yeah, he tried everything to postpone Bitcoin ETF approval but that's not the reason why I'm angry at him. I'm angry at him because he was saying he wouldn't accept Bitcoin ETFs because Bitcoin is volatile, easily manipulated and etc but the next day we see that the SEC confirms Bitcoin ETFs. Even during this approval, he said that he hated it but very soon after Bitcoin ETF approval, the SEC approved Ethereum ETFs. Gary is a liar, immoral, disloyal and traitor. It's a shame that such a man is the chair of something important.

[rdbase]

Honestly, he became the face of being hated by cryptocurrency supporters. He have done so much to drag the battle of Bitcoin ETF as long as he can and he still lost. The same with other ETF's. While the truth is, if the big boys comes knocking on him, he will have to open the door without even asking who they are.
I do not hate the guy but like I said, he became the face that should be hated because of all his statements. Like a NBA franchise player that cannot get a championship so your own fans will make you the face to be hated even after you are traded.
Whatever Kamala decides, she is just hurting her vote numbers.

Yeah, he tried everything to postpone Bitcoin ETF approval but that's not the reason why I'm angry at him. I'm angry at him because he was saying he wouldn't accept Bitcoin ETFs because Bitcoin is volatile, easily manipulated and etc but the next day we see that the SEC confirms Bitcoin ETFs. Even during this approval, he said that he hated it but very soon after Bitcoin ETF approval, the SEC approved Ethereum ETFs. Gary is a liar, immoral, disloyal and traitor. It's a shame that such a man is the chair of something important.

Didn't you see the leak of Gensler's speech by the SEC with all the edits put in so to make him look good than he truly is?
They hate him and want him out as head of the organization.
This would be the only reason why they leaked it, so to expose just how incompetent he really is and just how bad he is for their commission's reputation as a whole.