ECP NetHappenings: SEC Gary Gensler Gets Grilled

SEC GARY GENSLER GETS GRILLED

Blockchain isn’t a thing outside of #Bitcoin.
There will only be one for the same reason there’s only one internet, only one document protocol, and only one email protocol.

If you can send an email, you can very easily send a Bitcoin transaction to any Lightning Address.
https://twitter.com/getAlby/status/1648355404546551808

US Congressman introduces legislation to REMOVE the Chairman of the SEC, citing an abuse of power and failures regulating the #Bitcoin & crypto market

#Bitcoin is the world’s most secure computer network.
#Bitcoin is the first monetary asset to experience hyper-disinflation.
#Bitcoin outperforms Gold when there is massive monetary debasement – Bernstein Wealth Management

Exposing the fraud Gary Gensler! The court case should be crystal clear make the decision Judge Torres! #FireGaryGensler

@brucefenton
In case anyone is curious — not only is the SEC all over the place on what even is a security — their claims you can “just register” are also false.
There is absolutely no mechanism existing today that a crypto exchange can “simply register” with the SEC.
It’s a lie/ fairy tale.

US congressman Warren Davidson to introduce legislation to fire SEC Chair Gary Gensler.
#firegarygensler
He will never be fired.

The Gensler catch 22 for US crypto intermediaries:
here it is… cold hard proof that either the SEC qualified an unregistered investment company or its current arguments are wrong see #7.
Token LLC does Not meet the definition of an investment ….. https://drive.google.com/file/d/1s7oRGwK2TsSa74Y6mjmxnH4REw_374DK/view

VIDEO MIT Sloan Finance Beyond Crisis
– Fintech Beyond Crisis, Gary Gensler
See Show Transcript

If you bought $100 of Algorand when Gensler told you they could build Uber on it you would now have $5
VIDEO SEC Chairman Gary Gensler has been shilling Algorand for years, and now he’s trying to call it a security.
You promoted an unregistered security to me sir. You should go to jail.
At 45:40 Gary Gensler, head of Biden’s SEC mentions Silvio Micali as someone he works with & $ALGO as a blockchain u could build Uber on.

Gary Gensler has been promoting Algorand for years

Now that the SEC ruled Algorand a security, is he going to get hit with the same $1.26 million dollar fine he gave Kim Kardashian?

Gary Gensler has been promoting Algorand for years

Now that the SEC ruled Algorand a security, is he going to get hit with the same $1.26 million dollar fine he gave Kim Kardashian?pic.twitter.com/ucuOOVxqPS

— LilMoonLambo (@LilMoonLambo) April 17, 2023

“Silvio Micali’s Alogrand, he’s a Turing Award winner at MIT I work with.. Silvio’s got a great technology, it has performance, you could create Uber on top of it” ~ @Algorand promoter and @SECGov Chairman @GaryGensler
https://twitter.com/mdudas/status/1647989739910209536

Gary Gensler, the Chair of the SEC, attributes the collapse of Silicon Valley Bank $SIVB to crypto, Not True.
https://twitter.com/BecauseBitcoin/status/1648357611828396034

The SEC has lost 5 of its last 6 cases in the Supreme Court. SEC v Cochran (4/14/23)

June 20, 2018- six days after the Hinman speech. @TimDraper was prophetic about what was coming, and what @GaryGensler, sitting next to him, would be complicit in
https://twitter.com/CryptoLawUS/status/1440032542313246726
It is the exact play book we were told was going to play out. Of course the banks and finance houses don’t want crypto to succeed, they all lose their jobs. Shows that JP Morgan had a hand in this. This will never get old because he’s exposing Gary Gensler’s plan right in front of the guy and he doesn’t know how to react.

– GOP Financial Hearing @GaryGensler says if a ‘crypto’ has a group of entrepreneurs in the middle working on, promoting & upgrading a project that the public relies on in anticipation of a profit it’s a security, BRINGS LAWYERS WITH THEM TO SPEAK WITH GARY.

Right off the bat @PatrickMcHenry asks whether @GaryGensler thinks #ETH is a security…”Is Ether a commodity or a security?”
After several minutes of back and forth, Gensler REFUSES to answer and keeps talking around the question.

GARY GENSLER LITERALLY SHAKING when asked if #eth is a security or a commodity and refusing to answer the question
VIDEO https://twitter.com/TylerSCrypto/status/1648332815220523009

Palley on Twitter: “It’s hard to look at ChatGPT & similar systems & not realize that we are at an historical moment as significant as the invention of the printing press or the use of fire to cook meat. This may seem like hyperbole but if you’ve spent anytime using the technology … 1/19”

John E Deaton @JohnEDeaton1
In Ripple, the Judge said the SEC “lacks faithful allegiance to the law.” In LBRY, the Judge shamed the SEC over the lack of clarity. In Grayscale, the Court said the SEC’s arguments made no sense. In Voyager, the Judge BLASTED the SEC’s ethics and behavior.
The SEC will lose.
Happy thought of the day: @GaryGensler will not be at the @SECGov two years from now. He is awful and he is corrupt, but he is also temporary.

The Russian central bank is considering the idea of ​​using #cryptocurrencies for international settlements.

US Government Seized Bitcoin Sales Tracker

– Hong Kong court recognizes #cryptocurrencies as property.

– UAE regulator to accept license applications from #crypto firms seeking to provide services in the country.

Gary Gensler never owned any #bitcoin or #crypto but enforces regulations on it.

Why are spot #Bitcoin ETFs safe in Germany, Brazil, Singapore, and not in the US?

THE ‘RIGHT TO MINE’ #BITCOIN IS NOW LAW IN THE STATE OF ARKANSAS!

US Congressmen demand SEC Chair Gensler to approve spot #Bitcoin exchange traded products
The SEC’s approach to Bitcoin regulation “has been unacceptable”
All Committee Republicans—led by Chairman @PatrickMcHenry
—sent a letter to @SECGov Chair Gensler blasting him for trying to force digital asset trading platforms to “come in and register” under his non-existent registration process.

@JohnReedStark
Newsflash: An SEC crypto-exchange crackdown has begun – and the SEC is apparently taking no prisoners. 4 recent SEC events indicate that crypto-exchanges, platforms, etc. will have to stop doing business in the US, at least in their current form.

Bittrex Receives Wells Notice From SEC for Alleged Investor-Protection Law Violations
According to a recent report, the cryptocurrency exchange Bittrex received a Wells notice from the U.S. Securities and Exchange Commission (SEC) in March, signaling a potential lawsuit. The SEC’s enforcement division sent the Wells notice prior to Bittrex deciding to wind down its operations in the United States.

AS LONG AS THE BIG BANKS GET A CUT OF THE TRANSACTION FEES THE SEC GENSLER PUPPET IS ALRIGHT WITH THEM MAKING MONEY.

The markets and dissenters inside the @SECGov are waking up to
THE WHITE HOUSE, @GaryGensler and @SenWarren are now the best friends the Big Banks ever had.

Ugh Oh

“The US just admits debanking Russia backfired & now threatens USD as a blank reserve.  Quite an admission as the administration seems more adamant at fighting a war with crypto rather than securing commodity settlements in petrodollars”
The US (Yellen) just admits debanking Russia backfired & now threatens USD as a blank reserve. Quite an admission as the administration seems more adamant at fighting a war with crypto rather than securing commodity settlements in petrodollars.

Gary Gensler has a net worth of $119,000,000.000 ($119 million dollars) From working at JP Morgan. Gary is a Government employee with a salary of roughly $32k per month or $384,000 per year. Someone worth $119m DOES NOT GIVE A DAMN about peasant retail investors

The SEC approved of @coinbase going public 2014. Now they want to back track, and say all the crypto that went on the exchange after 2014 is  illegal.

US Representative Warren Davidson plans to file legislation to dismiss SEC Chairman Gary Gensler

Here is @GaryGensler himself before he took over the @SECGov telling fintech disrupters to be ready to bow down to incumbents. He is now the lead regulatory goon making sure it happens to crypto.
https://www.youtube.com/watch?v=COXzKB6tLBg

Here’s Gensler at MIT talking about how any potential “disruptor” of the legacy financial system must be prepared to give up HALF of their share to the incumbents in power?
Watch how cavalier, if not proud, of the system that made him wealthy.
check out the juicy stuff In MIT class #18…..ohhh wait wiped clean of any records on internet after being elected head of SEC.

“Decentralized exchanges… trust me, they’re harder for the official sector. Decentralized exchanges are basically– think of an algorithm that is decentralized, no central intermediary. But through an algorithm… I could trade Bitcoin versus Ether” – Gensler 2018″

Top 10 Decentralized Exchanges 2021

1. Uniswap
2. MDEX
3. SushiSwap
4. BurgerSwap
5. PancakeSwap
6. JustSwap
7. Bisq
8. OpenOcean
9. 1inch Exchange
10. HoneySwap

The Fall of Medici Bank: Lessons on Fractional Reserve Banking From 15th Century Italy

The SEC to ban crypto. But this isn’t Russia or China!
That’s the Democrat Whitehouse, Warren, Gensler @garygensler strategy and everything he and @senwarren do is aimed at that goal.

Nakamoto Portfolio Theory
https://nakamotoportfolio.com/nakamoto/start
A set of tools, research and open source code to explore the ground breaking effects that Bitcoin has on the financial world.