SEC vs Coinbase

[zasad@]

bbc.reporter, you don't think this "tears in my eyes" news is just another circus act. I think that Gary Gensler is one of the participants of this market, who works in the interests of big manipulators.
Of course Gary Gensler has a little leeway, but when the big players need to accept Etherium spot ETF, Uncle Gary will do it again with tears in his eyes

[bbc.reporter]

@zasad@. Agreed in the argument of working for the big manipulators like the new mayor of bitcoin Larry Fink, however, this does not imply that likes working for them. He is being forced to approve certain things similar to the spot ETF for bitcoin. I reckon that it will be very much similar for the approval of the spot ETF for Ethereum hehehe. After causing months of delays he will be forced to sign the approval with tears in his eyes. We can be quite certain of this.

[zasad@]

bbc.reporter,and you think that the country's leadership appoints random people to such positions?

The richest and most successful investors in the U.S. are senators who successfully sell stocks before they fall or buy before they rise. But this is a closed club, which you can get into when a person is 70 years old or older.

It's a big circus, even if Gary Gensler is fired, there will be another clown to take his place and make the right decisions with tears in his eyes.

[bbc.reporter]

@zasad@. Agreed that the rulers appoint their people in certain positions, however, it is also reality that the rulers also do not agree on certain things. What if the rulers that had the political connections to appoint uncle Gary are a bankers from Wall Street who want to protect their corporate interests? However, there is another ruler who was a bitcoin hater but has presently become the new mayor of bitcoin and who will later become the new mayor of Ethereum, who is forcing uncle Gary to sign the spot ETF approval causing bloody tears from his eyes hehehe?

I reckon after uncle Gary retires on 2026, his replacement will be someone suggested by Larry Fink. He will approve anything in the cryptospace with a smile hehehehehe. I predict that similar to the strangeness of the new all time high that occurred before the halving, the cryptospace market will not anymore have a 4 year cycle. It will be 6 years or longer.

[zasad@]

bbc.reporter,now you're making conspiracy theories, too
If you are interested, check out my short post in Russian about the founders of Ethereum. In all the strong projects you will find the founders' connections with Goldman Sach, Blackrock and other companies. Blackrock owns all the famous companies in the world through its many funds.
https://bitcointalk.org/index.php?topic=996518.msg62899297#msg62899297

[bbc.reporter]

@zasad@. On the rulers who are using their political connections to put their people into certain government positions is not a conspiracy theory. This is reality.

On uncle Gary's retirement on 2026 as SEC chairman, this is also not a conspiracy theory. His term will end on 2026. However, on Larry Fink on suggesting his candidate for uncle Gary's replacement, this is speculation. His candidate may or may not be chosen but we can be quite certain there will be rulers who will suggest their candidates hehehehe.

[zasad@]

bbc.reporter,a conspiracy theory must remain a conspiracy theory, or conspiracy theorists will have no jobs

Sometimes it looks funny and absurd when the rulers cannot agree among themselves and a big circus begins.
Look at the behavior of the current US President, he confuses the names of people, countries, forgets what laws he recently signed, talks and greets fictitious people on camera, falls asleep at events, and yet he will run for a new term. How does it work?

[bbc.reporter]

bbc.reporter,a conspiracy theory must remain a conspiracy theory, or conspiracy theorists will have no jobs

Sometimes it looks funny and absurd when the rulers cannot agree among themselves and a big circus begins.
Look at the behavior of the current US President, he confuses the names of people, countries, forgets what laws he recently signed, talks and greets fictitious people on camera, falls asleep at events, and yet he will run for a new term. How does it work?

Joe Biden is an old man being controlled by the real rulers of America. I reckon much of the politicians are not 100% in control of what they do in government. They already have made deals and negotitations with their backers before they have been voted into office. Do not listen to their speeches and their promises.

On this only being a conspiracy theory, this is very much certainly more the reality than the conspiracy theory that the moon landings were fake.

[zasad@]

bbc.reporter,a conspiracy theory must remain a conspiracy theory, or conspiracy theorists will have no jobs

Sometimes it looks funny and absurd when the rulers cannot agree among themselves and a big circus begins.
Look at the behavior of the current US President, he confuses the names of people, countries, forgets what laws he recently signed, talks and greets fictitious people on camera, falls asleep at events, and yet he will run for a new term. How does it work?

Joe Biden is an old man being controlled by the real rulers of America. I reckon much of the politicians are not 100% in control of what they do in government. They already have made deals and negotitations with their backers before they have been voted into office. Do not listen to their speeches and their promises.

On this only being a conspiracy theory, this is very much certainly more the reality than the conspiracy theory that the moon landings were fake.

Unfortunately, there is a big paradox here, because Joe Biden, after taking many medications, sometimes cannot control himself. And then the question is, why talk about anything with this person, who, on the one hand, is controlled, and on the other hand, sometimes does not control himself?

[safar1980]

Coinbase cleared in lawsuit over crypto transactions
Coinbase crypto exchange has achieved a significant victory in an ongoing lawsuit. The United States Court of Appeals for the Second Circuit ruled in favor of Coinbase, confirming that secondary sales of cryptocurrencies on its platform do not violate the Securities Exchange Act.

The court’s decision affects a nationwide group of people who traded tokens on Coinbase from Oct. 8, 2019, to March 11, 2022. At the heart of the dispute was whether cryptocurrencies traded on Coinbase met the criteria for securities.

The plaintiffs lodged federal claims under Sections 5, 12(a)(1) and 15 of the Securities Act 1933, alongside Sections 5, 15(a)(1), 20(a) and 29(b) of the Securities Exchange Act of 1934. They also presented state law claims related to securities legislation in California, Florida and New Jersey, representing a nationwide class of individuals.

[zasad@]

https://www.theblock.co/post/292552/coinbase-faces-copycat-class-action-suit-asserting-tokens-are-securities-in-echo-of-pending-case
Coinbase faces copycat class action suit asserting tokens are securities in echo of pending case

"A class-action lawsuit against Coinbase was recently filed by a serial crypto litigator on behalf of its customers, alleging the exchange sells unregistered securities and operates as an unlicensed broker/dealer.
The lawsuit, which the company calls “legally baseless,” is similar in language to another class-action suit that was initially dismissed, but recently partially revived under appeal. "