Nothing serious, just my own thought on the crypto crackdown.

[Broly46]

it is just animal doing the animal thing. as simple as survival of the fittest. what would a weak animal when it is facing a strong animal in the woods? not hard to make guess. or may be too hard?

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[Kakmakr]

Do not worry too much about all the fuzz that are being caused with the actions of the US Politicians. The noise that are being generated are only done for political points in the upcoming elections. 

Why do you always see bold announcements and huge political decisions being made, close to elections? It is all for show.... and to get more money for their election campaigns and also to get more support from voters. 

[DrBeer]

The idea is interesting, but most likely "far-fetched", because. there is an objective reality that is far from this "theory":
in the SEC process against Coinbase and Binance, there are quite clear accusations: these exchanges allowed securities to be traded without having the authority to do so. And they offered services like "staking", which are very similar to banking products and therefore also require authorization.

Are any of these allegations related to Bitcoin? No. The SEC has already clarified that bitcoin is not a security. So the accusations have nothing to do with bitcoin.
.....
So let's calm down. This is not against Bitcoin. This is against shady business models where companies pretend they are decentralized when they are not, and want a cheaper and less consumer-protective way to fund their business (or directly run away with your money). And it's also about crypto exchanges that pretend they're not banks, but they are, as long as they offer products like so-called "staking" (which has nothing to do with real proof of stake)."
This is an excerpt from a related thread. And it very precisely "lays down" on occurring processes. As we can see, the hype on the topic "SEC infringes on cryptocurrencies" is more like a PR campaign of exchange players who can lose a very attractive "tax-free and uncontrolled income" that they were used to and thought that they would become "untouchable", calling "toward a fair, decentralized world." At the same time, they continued to do it dishonestly, centrally and bypassing the law.

[Zlantann]

America, from the beginning of time, they have always forcefully taken everything, and if they can't, it results to war, this is America, sorry friends and families on here if you are originally a US citizen.

Not only America but every strong nation use force on weaker nations. Many other world powers are guilty of intimidation and oppression. Most of the wars in the world are supported openly and covertly by some strong nations.

Sam of the FTX have make the US politicians tasted what it feels like, to use crypto money to fund their political agenda, there is nothing anyone can tell me but with what's happening around Sam and the once proved allegation on him are being erased or pardon makes me think this is accurate.

The money that has been recovered from FTX will not be enough to pay its depositors. It will be difficult for any politicians to access FTX-recovered funds, so the issue of using it for campaigns is unlikely. The trial of SBF will start on October 2nd and he is charged with fraud, unlawful political donations, and bribes to the Chinese government which coils attract a sentence of up to 155 year's imprisonment. Nobody is erasing his crime or granting him a pardon for now.

It's like those behind him saying, damn, there is a lot of money in crypto, imagine what we can do in America if we can control crypto, there was no doubt that Sam stole money using FTX exchange, and those money are from various innocent people around the world.

If justice still reigns, investigating SAM will probably reveal some high profile figures in the America politics, nothing about SAM cases makes any sense anymore, I think the investigation already did revealed a lot, but it's the stuffs that the nightmares are made of, something that must never come to light.

I might not know many facts about the fall of the exchange, but the bottom line is that FTX led by SBF messed up. They misused customers funds and the government was right to intervene. Exchanges need to be open and transparent so that when they become the target of the SEC, the whole world will know that it is an unprovoked attack. But when these companies engage in secret illegal deals, it allows the government to attack them. It is in the public space that SBF dominated money to both Democrats and Republicans to fund elections. Some of these politicians might be mandated to refund these donations if the court gives such an order.

[Huppercase]

If justice still reigns, investigating SAM will probably reveal some high profile figures in the America politics, nothing about SAM cases makes any sense anymore, I think the investigation already did revealed a lot, but it's the stuffs that the nightmares are made of, something that must never come to light.

The reason why all this is happening with crypto is the money that crypto is capable of generating, the fear of crypto growing bigger and them America, not being the biggest benefactor scares them.

Biden will be exposed if they should go over Sam, there was a reason why he was extradited from Bahama back to America to face justice but since then, did you hear anything from them, how many times have you seen the media said anything about Sam and FTX, when was the last time court summon him, they know that Sam will exposed the politicians and exposing those men automatically put Biden power to risk, United State is very smart on how they attack people, that is why they quietly didn't hunt Sam but look at Binance today, they are hating on them, even Coinbase weren't probe as they probe CZ because he is not a US person and if we are to judge by the money laundering done by FTX, Binance is not close their scams.

[bitgolden]

These crackdowns are always going to lead to one thing and that's all about the money that's gonna flow into these cases.
Whilst in the case of Sam, it is for sure that there have been paid politicians or milked him money not knowing that the money that FTX/Sam has paid them is the money of the people that he has robbed. While those political pockets have been fat thanks to Sam, there goes those trusting and innocent people that have lost their money.

I think it is quite obvious that when you get enough rich in the USA then you could get away with a lot of things, there are some people who ended up with a bit of a trouble when the time comes and they all got away with robbery basically.

White collar crime is looked down on and frowned upon, but it is not getting as much punishment as most others, even drug dealers who sell weed, which is legal in so many states now, could still face more time in prison than someone who stole a billion dollars, not saying that's the case each time, but there are some instances that it has happened. This is why I believe that it is not going to be that easy to handle this at all, it will end up with a bad result for all the people who got scammed by these rich people.

[sunsilk]

So, in this case if CZ has got a good friend in the congress or senate and he helps him with funding then for sure there will be some protection that he'll get and that guy will surely push away whoever stands their way.

However, Binance isn't like FTX that has got the obvious of stealing people's money. There's always the reason behind these policies and crackdowns and if they're targeting a bigger entity, maybe things will change if there's an 'under the table' thing.

[Silberman]

I think it is quite obvious that when you get enough rich in the USA then you could get away with a lot of things, there are some people who ended up with a bit of a trouble when the time comes and they all got away with robbery basically.

White collar crime is looked down on and frowned upon, but it is not getting as much punishment as most others, even drug dealers who sell weed, which is legal in so many states now, could still face more time in prison than someone who stole a billion dollars, not saying that's the case each time, but there are some instances that it has happened. This is why I believe that it is not going to be that easy to handle this at all, it will end up with a bad result for all the people who got scammed by these rich people.

Not only that, the so called prisons those people get to spend their time are more like a luxurious resort compared to the conditions the rest of the inmates have to go through or even the conditions the average person has to deal with, it is because of this those crimes keep happening as there is not really a decisive punishment against it, and politicians have no reason to change this as many of them are guilty of the same crimes and they hope that if they are ever caught they can enjoy the same living conditions.

[Arenga pinnata]

I think America is actually quite crypto-friendly. it's just that the SEC is concerned about some crypto being considered securities and not the one who gives the impression that America doesn't support crypto. whereas this is only a matter of securities or commodities.

facts about crypto and america are
✓1. The most bitcoin ATMs are in America
✓2. There are about 45 million plus crypto users in the US.

this is what makes the government act more strictly on the grounds that it wants to protect its users in financial matters, especially those related to crypto and the SEC is moving for this. but America is indeed too strict and slowly it can make crypto users there hide more as crypto users.

[Texac]

this is what makes the government act more strictly on the grounds that it wants to protect its users in financial matters, especially those related to crypto and the SEC is moving for this. but America is indeed too strict and slowly it can make crypto users there hide more as crypto users.

do they really want to protect users, or are they too greedy and want to control it because they have seen its true potential? I don't think they are good enough leaders to care about people, what they are doing with crypto is self-interest.  they want taxes, they want to control the market that will be worth trillions of dollars in the future.  that is why there is competition between the SEC and the CFTC, both of which want to control the crypto market because if they wanted to protect the interests of investors, there would be no such dispute.

[rby]

So, in this case if CZ has got a good friend in the congress or senate and he helps him with funding then for sure there will be some protection that he'll get and that guy will surely push away whoever stands their way.

However, Binance isn't like FTX that has got the obvious of stealing people's money. There's always the reason behind these policies and crackdowns and if they're targeting a bigger entity, maybe things will change if there's an 'under the table' thing.

Before now I have doubted the conspiracy theory but at a time in life when I took up some projects and made financial movements and growth, I understood that there is some level of conspiracy in almost everything you can think about.
I became more convinced of this during the covid-19 when China played it on the whole world having conspired with other close allies to plunge USA into a certain degree of confusion.

Sam of FTX could not have done it alone and for Binance to be in the book of SEC, he has refused to renew his conspiracy dues. Nothing happens by chance.

[sunsilk]

So, in this case if CZ has got a good friend in the congress or senate and he helps him with funding then for sure there will be some protection that he'll get and that guy will surely push away whoever stands their way.

However, Binance isn't like FTX that has got the obvious of stealing people's money. There's always the reason behind these policies and crackdowns and if they're targeting a bigger entity, maybe things will change if there's an 'under the table' thing.

Before now I have doubted the conspiracy theory but at a time in life when I took up some projects and made financial movements and growth, I understood that there is some level of conspiracy in almost everything you can think about.
I became more convinced of this during the covid-19 when China played it on the whole world having conspired with other close allies to plunge USA into a certain degree of confusion.

Sam of FTX could not have done it alone and for Binance to be in the book of SEC, he has refused to renew his conspiracy dues. Nothing happens by chance.

That's right, I'm not also quick to believe with these conspiracies but I guess it becomes an interesting thought of those that's monitoring these situations.

Too many involved with these but those that they can't voiced out should be protected. As for these cases, they'll eventually die and won't be talked anymore or if it will be shall remain as a memory.

[DrBeer]

I think America is actually quite crypto-friendly. it's just that the SEC is concerned about some crypto being considered securities and not the one who gives the impression that America doesn't support crypto. whereas this is only a matter of securities or commodities.

facts about crypto and america are
✓1. The most bitcoin ATMs are in America
✓2. There are about 45 million plus crypto users in the US.

this is what makes the government act more strictly on the grounds that it wants to protect its users in financial matters, especially those related to crypto and the SEC is moving for this. but America is indeed too strict and slowly it can make crypto users there hide more as crypto users.

Well, that's not interesting! And where is the “bloodthirsty Uncle Sam”, “where is the enslavement of the whole world by the USA”, and it’s completely sedition - what does it mean “the USA is not to blame for all the evil in the world”? ))

Actually, you are absolutely right. The US is talking about one thing - in the financial market, the rules are the same for all players. If you provide services that generate income in liquid assets, this is a complete analogue of banking services. Please, work within the law.
But with Binance, for example, the situation is completely different. Not only do they provide services that are subject to financial regulation in the US, they also provide ILLEGAL services - money laundering (France initiated criminal proceedings), assistance in circumventing sanctions (imposed by the US), etc. Those. simple "cryptocurrency crime". And the tales about "bloodthirsty Uncle Sam" are just an attempt to justify the criminal, and shift attention from a real problem to an invented one

[davis196]

Sam of the FTX have make the US politicians tasted what it feels like, to use crypto money to fund their political agenda, there is nothing anyone can tell me but with what's happening around Sam and the once proved allegation on him are being erased or pardon makes me think this is accurate.

It's like those behind him saying, damn, there is a lot of money in crypto, imagine what we can do in America if we can control crypto, there was no doubt that Sam stole money using FTX exchange, and those money are from various innocent people around the world.

If justice still reigns, investigating SAM will probably reveal some high profile figures in the America politics, nothing about SAM cases makes any sense anymore, I think the investigation already did revealed a lot, but it's the stuffs that the nightmares are made of, something that must never come to light.

Corruption is everywhere, but USA is not some corrupt banana republic.
Sam Bankman-Fried had donated money to the Democratic party, but this doesn't mean that he is above the law or he will get out of this court case without any consequences.
You are clearly overestimating the scale and the influence of the US cryptocurrency industry. The US crypto industry is 100 times smaller than the big banks and corporations on Wall Street. I'm sure that the Wall Street giants aren't afraid of the crypto industry. Most of them probably don't even pay attention to crypto.

[so98nn]

The cover-ups are always there and in the FTX case, it's brutal. Every bit of info is traceable around the internet and through the FTX servers or system. Nothing gets deleted just like that, there are transaction histories, proofs, snaps, backups, and whatnot but the government took the slower steps to reveal everything just to create that negative buzz in the world of cryptocurrencies.

Sometimes I am feeling the USA is slowly injecting this negativity into the crypto space in a step-by-step manner and no one would ever understand this unless the whole Crypto space is halted somehow.

They always making headlines but periodically and creating that fear in investors' minds who are into cryptocurrencies. First, they did 4-5 exchanger scams and opened them showing how their books are not clean including Binance US. Then they targeted the banks which are directly involved with the crypto such as SVC.

Don't you guys think everything is fishy and most of the drama started with FTX fall!

[slapper]

The cover-ups are always there and in the FTX case, it's brutal. Every bit of info is traceable around the internet and through the FTX servers or system. Nothing gets deleted just like that, there are transaction histories, proofs, snaps, backups, and whatnot but the government took the slower steps to reveal everything just to create that negative buzz in the world of cryptocurrencies.

Sometimes I am feeling the USA is slowly injecting this negativity into the crypto space in a step-by-step manner and no one would ever understand this unless the whole Crypto space is halted somehow.

They always making headlines but periodically and creating that fear in investors' minds who are into cryptocurrencies. First, they did 4-5 exchanger scams and opened them showing how their books are not clean including Binance US. Then they targeted the banks which are directly involved with the crypto such as SVC.

Don't you guys think everything is fishy and most of the drama started with FTX fall!

Your views on FTX cover-ups and the slow drip of facts indeed have us questioning. The thick fog over blockchain data suggests that any hush-up needs a well-planned move.

Is Uncle Sam stirring up trouble in the crypto world? This theory needs strong evidence showing consistent efforts to tarnish crypto's image.

Sure, we've seen big-name scandals. But connecting them to an organized crypto attack? That's a leap without solid backup. Could these mishaps be signs of growing pains, with more eyes on the game? It's worth a thought.

[Sayeds56]

America, from the beginning of time, they have always forcefully taking everything, and if they can't, it results to war, this is America, sorry friends and families on here if you are originally a US citizen.
Sam of the FTX have make the US politicians tasted what it feels like, to use crypto money to fund their political agenda, there is nothing anyone can tell me but with what's happening around Sam and the once proved allegation on him are being erased or pardon makes me think this is accurate.
It's like those behind him saying, damn, there is a lot of money in crypto, imagine what we can do in America if we can control crypto, there was no doubt that Sam stole money using FTX exchange, and those money are from various innocent people around the world.
If justice still reigns, investigating SAM will probably reveal some high profile figures in the America politics, nothing about SAM cases makes any sense anymore, I think the investigation already did revealed a lot, but it's the stuffs that the nightmares are made of, something that must never come to light.
The reason why all this is happening with crypto is the money that crypto is capable of generating, the fear of crypto growing bigger and them America, not being the biggest benefactor scares them.

it is true that United states has been involved in many conflicts around the world throughout the history. but in my opinion it is not accurate to blaming  America for acquiring  everything by force as international politics has numerous complexities and it is a lengthy debate. The allegations against Sam and FTX should be approached with substantial evidences considering that the case is still in the court.Furthermore, concerns regarding crypto currencies should be viewed in the context of an evolving technology, and governments around the world are making efforts to regulate it in a way that ensures effective monitoring of the financial transactions to protect interests of citizens.

[Smack That Ace]

America, from the beginning of time, they have always forcefully taking everything, and if they can't, it results to war, this is America, sorry friends and families on here if you are originally a US citizen.
Sam of the FTX have make the US politicians tasted what it feels like, to use crypto money to fund their political agenda, there is nothing anyone can tell me but with what's happening around Sam and the once proved allegation on him are being erased or pardon makes me think this is accurate.
It's like those behind him saying, damn, there is a lot of money in crypto, imagine what we can do in America if we can control crypto, there was no doubt that Sam stole money using FTX exchange, and those money are from various innocent people around the world.
If justice still reigns, investigating SAM will probably reveal some high profile figures in the America politics, nothing about SAM cases makes any sense anymore, I think the investigation already did revealed a lot, but it's the stuffs that the nightmares are made of, something that must never come to light.
The reason why all this is happening with crypto is the money that crypto is capable of generating, the fear of crypto growing bigger and them America, not being the biggest benefactor scares them.

it is true that United states has been involved in many conflicts around the world throughout the history. but in my opinion it is not accurate to blaming  America for acquiring  everything by force as international politics has numerous complexities and it is a lengthy debate. The allegations against Sam and FTX should be approached with substantial evidences considering that the case is still in the court.Furthermore, concerns regarding crypto currencies should be viewed in the context of an evolving technology, and governments around the world are making efforts to regulate it in a way that ensures effective monitoring of the financial transactions to protect interests of citizens.

When it comes to politics, they are complicated, and there are many hidden things that ordinary people like us would never know. But with what happened, it can be seen that the US empire is a country that always uses force, they defy all ways to get what they need. If you live in a country that has been attacked and occupied by the US imperialists, you will understand their cruelty. They are not messengers of peace as they always claim, and that is also the dark side of politics.

Regarding the demise of FTX and Sam, I can bet you it's not going anywhere, and what they're doing is buying time because they know everything will be forgotten in time.

[flyingcarpet]

I am not a fan of conspiracy theories, but let's assume that you are correct, what is the maximum wealth that FTX can pay to US politics? According to the latest estimates, the total assets of the FTX platform had reached about 10 billion dollars at best, and if we assume that this amount was available as liquidity, even if it is completely unlikely, then it is likely that there were between one billion and 5 billion that were ready for use, even if we assume that it was Using all that money in electoral propaganda, it will not change a lot of things, it is a point in a big sea, as the debt of the United States for one year exceeds about 2 trillion and it is impossible for you to control it by 5 billion or change its political tendencies.

FTX collapsed because of depositors' blind trust in a person who tried to buy everything quickly to prove to everyone that he had enough money and that customers' money was safe, but he was misusing it and printing fake tokens in return.

Although we accept this theory as correct, as you said, this is actually a small amount. Generally a small amount. Still, that small amount is too much to say no to. So we will never know all the facts.

Considering the criticisms against the USA, most of them are right. They aim to dominate everything, but I don't think they can achieve that in crypto.

The state of SAM can reveal many things. The coins we are talking about are very small for states but very large for individuals. Of course, if we accept the theory described in the main title as correct.

[justdimin]

The cover-ups are always there and in the FTX case, it's brutal. Every bit of info is traceable around the internet and through the FTX servers or system. Nothing gets deleted just like that, there are transaction histories, proofs, snaps, backups, and whatnot but the government took the slower steps to reveal everything just to create that negative buzz in the world of cryptocurrencies.

Sometimes I am feeling the USA is slowly injecting this negativity into the crypto space in a step-by-step manner and no one would ever understand this unless the whole Crypto space is halted somehow.

They always making headlines but periodically and creating that fear in investors' minds who are into cryptocurrencies. First, they did 4-5 exchanger scams and opened them showing how their books are not clean including Binance US. Then they targeted the banks which are directly involved with the crypto such as SVC.

Don't you guys think everything is fishy and most of the drama started with FTX fall!

I do not think that it is a secret anymore, it is obvious that they are doing it because decentralized currency is putting some difficulty on the centralized fiat they have. If bitcoin keeps growing bigger and bigger, how could nations like USA or UK or China etc etc, big nations basically, could keep their population under control?

Financial freedom is one of the ways people could end up changing the system of a nation, because they have no worry anymore, and not like you can seize it neither because bitcoin could be privately owned, hence you would not be able to seize their finances. This means we are going to end up with a big deal when in fact there is nothing they could do and the best way would be to make sure they slowly and gradually make it look bad.