Tag: Bill Hinman

ECP NetHappenings Covid Health Politics Technology

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COVID / HEALTH

1 in 4 American adults have developed some type of long term health issues from their COVID infections

When people talk about the devastation from COVID, they usually cite the number of people who died (7 million, 20 million, 30 million) or the economic cost ($14 trillion, $35 trillion, etc) but this pales in comparison to the true cost, something most people do not understand or talk about:
About 1 in 4 American adults have developed some type of long term health issues from their COVID infections.
Data is limited, but it seems reasonable to assume this ratio is similar in other countries.
https://threadreaderapp.com/thread/1858258383461290345.html

36-year-old can’t breathe, rushed to ER. Lungs full of blood clots. Doc asks how many times he’s had covid. Doesn’t know, hasn’t been testing. Doc guesses 3-4. Prescribes blood thinners for the rest of his life.

New pandemic loading. I sure hope the new administration has a plan to deal with H5N1. With 30% of herds infected in CA, this isn’t just a health imperative (as we see human cases and evidence of human to human transmission) – it’s a looming economic catastrophe due to impacts on our food supply…
BREAKING: California reports 41 new dairy herds infected with H5N1 bird flu, bringing the statewide total to 335.
Over 30% of the state’s dairy herds have been confirmed to be infected, according to USDA.

Michael Olesen @maolesen
1-9 The resistance to evidence about COVID and Trump has puzzled me until now.
KGB agent Yuri Alexandrovich Bezmenov defected to Canada in 1970 and stated 85% of KGB work was “a slow process which we call either ideological subversion, active measures, or psychological warfare.”
https://threadreaderapp.com/thread/1858273963551715333.html

Fat ‘remembering’ past obesity drives yo-yo diet effect, say experts
https://www.theguardian.com/society/2024/nov/18/ability-fat-remember-obesity-drives-yo-yo-diet-effect

POLITICS

Morning Joe and Mika Brzezinski disgrace their entire profession and so does Dana Bash
have I mentioned lately that Morning Joe and Indeterminate Time Of Day Mika can fuck all the way off?
the co-hosts of MSNBC’s Morning Pantload Show debased themselves last Friday by heading down to Donny’s vermin-infested Florida golf motel and groveling at Dear Leader’s feet.

ChatGPT’s First Victim + The Department of Government Efficiency (DOGE) …

Wyoming Abortion Bans Overturned by State Judge
Teton County District Court Judge Melissa Owens blocked Wyoming’s two abortion bans Monday, saying abortion is health care and the Wyoming Constitution protects a woman’s right to the procedure.
Get this: Judge invoked a constitutional amendment codifying a right to make health care decisions… that was passed in 2012 by conservatives who thought it’d screw Obamacare! Just backfired.

Jackie Singh @HackingButLegal
I am a “full blooded” American. I was born here. Citizenship is my birthright.
Meanwhile, two South African billionaires are currently usurping the Vice Presidency.
Thoughts on President Elon Musk’s pending tech takeover of US government “They believe their destiny is to hoard infinite wealth, rewrite the code of civilization, establish themselves as the supreme leaders of the universe and – as crazy as this may sound – defeat even death itself.”
The big problem with the US political system is that billionaires are allowed to buy the elections. That is usually called corruption, but in the US infamous John Roberts’s SCOTUS legalized such purchases in 2010 (Citizen United verdict).

IS MITCH SAVING US?
That’s not gridlock. That’s our system of checks and balances working as it should. Sorry you don’t get your monarchy that easily. Or at all.
@allenanalysis
BREAKING: Mitch McConnell just shut it down. No recess appointments, no cabinet approvals—Trump’s team is officially locked out.
This isn’t just a casual move; the Supreme Court has made it clear that the Senate must recess or adjourn for at least 10 days before a president can make unilateral appointments.
But here’s the catch: pro-forma sessions keep the Senate technically “open” during long breaks, with a lone senator showing up to open and close the chamber—no real business, just optics. And the House plays its part too, blocking any chance for the Senate to fully adjourn.
McConnell’s maneuver leverages these rules to maximum effect, ensuring Trump’s team is stalled at every turn.
Tactical genius or just petty politics? Either way, the gridlock is real.
Sorry, Trump has the power. Article II Section 2 Paragraph 3.
in the courts of law, or in the heads of departments.
The President shall have power to fill up all vacancies that may hanen during the recess of the Senate, by granting ammisions which shall expire at the end of their next Session.
Expulsion by the Senate:
Constitutional Provision: Article I, Section 5, Clause 2 of the U.S. Constitution grants each house of Congress the power to “punish its members for disorderly behavior, and, with the concurrence of two-thirds, expel a member.” This means that if two-thirds of the Senate votes in favor, a Senator can be expelled for any reason deemed appropriate by the Senate, typically for misconduct, corruption, or disloyalty.

Former federal prosecutor Randall Eliason says Trump’s New York hush money case sentencing should still move forward.
He argues the election did not wipe the slate clean, and the state jury’s decision stands.

Cleta Mitchell is an informal advisor to Donald Trump, and she’s already threatening civil servants. HER WORDS >> “Every lawyer in the voting section and likely the Civil Rights Division needs to be terminated.” UPDATE: The bill to let Trump “crush dissent” (HR 9495) will see a floor vote Wednesday. Call your reps.

Republicans have rescinded or frozen 92% of the funding for the IRS to crack down on rich tax cheats.
The IRS has recovered $1.3 BILLION from wealthy tax cheats with the funding it DOES have access to.
We can’t let special interests defund tax enforcement in the lame duck.

@BillKristol
“Trump is constructing a kind of anti-government—in the sense of being government’s evil twin. Every appointee is selected as a deliberate negation, even a mockery, of the function of government he or she will be in charge of.”

Today, attorneys for SpaceX and Amazon are arguing before the Fifth Circuit Court of Appeals that the National Labor Relations Board is unconstitutional.
Both companies had been found in violation of workers’ rights by the NLRB.

Ladies and gentlemen – the next Attorney General of the southern district of New York!
“If someone bought 1 ,OOO tickets for $10 and told their family they would be able to resell those tickets for $100, then it’s a security. But if you just buy the ticket 10 years later, it’s a ticket.”
Former SEC chairman Jay Clayton Bloomberg 2023
@NerdNationUnbox The word is that Robert Stebbins is taking Genslers place as Chair of the @SECGov. Stebbins is GC of the #SEC and was one of the attorneys involved in Hinman’s infamous speech.
He comes from Wilke Farr & Gallagher same place Kristina Littman, who was key in the Ripple lawsuit, went to after her SEC tenure.

TECHNOLOGY

@BoringSleuth
https://x.com/BoringSleuth/status/1858737746216415345
https://x.com/BoringSleuth/status/1812999695918375009
https://x.com/BoringSleuth/status/1812282146159043006
https://x.com/BoringSleuth/status/1681819123234242565
https://x.com/BoringSleuth/status/1681822734668513282
The fact that @PrometheumInc’s ENS On-chain is linked to the same entities that they are linked to Off-Chain, like Deng Chao, HashKey, Wanxiang is why I 100% believe these are wallets owned by them, despite owning a bunch of other random ens names. I find that the Chinese companies own the majority of the mass ENS name wallets.
Has anyone noticed that @Prometheuminc has YET TO DENY my allegation that they Minted/hold ownership of KillTrump.Crypto? @realDonaldTrump Crickets as usual. Its almost impossible to argue against the Truth when its minted forever on the blockchain.

Trump Media and Technology Group is in discussions to purchase Crypto platform Bakkt: The same company who was a main topic of the missing MIT class taught by SEC Chair Gensler. Also linked to the domain KillTrump.Crypto
One of the 3 topics to be discussed in @MIT’s missing session 18 taught by @GaryGensler, which has been scrubbed from digital existence, was Bakkt. Guess who minted (purchased and owned) Bakkt.eth? Prometheum, the same company Gensler granted the only ever Special Purpose Broker Dealer license for Digital Assets. Also the same company who minted KillTrump.Crypto Prometheum is the same company who minted KillTrump.Crypto I refuse to speculate but it sure does leave lots of room for Speculation.

@cowboycrypto313
Robert Stebbins who was on the “Ether Speech” email chain with Bill Hinman was a partner at Willkie Farr for 13 years before going to the SEC and resumed his position at Willkie in Jan 2021 immediately following the @Ripple lawsuit.
Willkie and Bill Hinman’s Simpson Thacher have worked hand in hand on numerous high profile mergers and acquisitions such as: $1.4B sale of Snap One as recent as April of 2024 and going back as far as 2003 where they were both advising Lehman Brothers on their purchase of asset manager Neuberger Berman for $2.625 billion.
This relationship goes way back and to have had both Bill Hinman and Robert Stebbins involved with the Ethereum Free Pass is a ridiculous step in the wrong direction for all of crypto. The agency needs to wash their hands clean of all involved with this regulatory capture that has been going on for over half a decade in crypto.. https://x.com/cowboycrypto313/status/1858903013361917955/photo/1

@cowboycrypto313
Some labeled it “Speech” but not Bill Hinman. He labeled it “Ether Speech”
Hinman stated, “Attached please find a final draft of the speech I had mentioned, which suggests that WE do not need to see a need to regulate Ether, as it is currently offered, as a security. That language is in brackets and would be used if WE all are in agreement. WE also have a call with Buterin later this week to confirm our understanding of how the Ethereum Foundation operates.”
https://x.com/cowboycrypto313/status/1687231870193307649

“We do not see a need to see a need to regulate Ether, as it is currently offered, as a security.”
Wow! There it is. I don’t see a need to see a need to think of the SEC as anything other than completely corrupt. No surprises, but it’s good to see we weren’t wrong. https://x.com/xrpmemeguy/status/1687286180847529984/photo/1

BlackRock BTC ETF Go Live on NASDAQ Today

Michael J. Saylor on Bitcoin: “Maxwell gave us electricity, Newton gave us Newtonian physics, Einstein gave us relativity, Satoshi gave us money.”

iPhone Reset Feature (watch this) check out the 2 min story starting around 2:50.
iPhone resets after 72hrs if not unlocked. This helps prevent thieves and law enforcement open the phone. https://youtu.be/m-kWbohsJJo

BREAKING: The submarine fiber communications cable C-Lion-1 between Finland and Germany has been cut. The C-Lion-1 underwater fiber optic communication cable, which links Finland to Germany, has been interrupted. This cable is the sole connection between Finland and Central Europe. It’s the only cable connecting Finland with Central Europe. A vessel has set out to investigate the cause. Germany and Finland have said they are “deeply concerned” about a severed undersea communications cable between the two countries, saying that it raised suspicions of possible Russian sabotage.

1963: Bell System introduced Dual-Tone Multi-Frequency technology (DTMF) as Touch-Tone, leading to a second wave of phreaking.
14 years ago yesterday, you could buy 4 #Bitcoin for $1
For the 1st time ever 1 #Bitcoin is now worth MORE than the average US retirement savings.

Very bad ideas: Government wants Google to sell off Chrome, etc.
While this may not end up mattering in its current form given the
results of the election, word is that the (current) federal government
wants Google to sell off the Chrome browser, decouple Android,
license search results and other data, and a number of other mostly
terrible ideas with deep and dangerous security and negative user
experience implications. While the logic of these kinds of “remedies”
may seem to make sense from a competitive landscape viewpoint, their
potential for causing users enormous security problems and confusion
is nearly boundless, and suggests that these aspects have not figured
prominently (or at all?) in the decision-making processes involved. ~Lauren Weinstein

This is super important. It’s an area  @DCNorg (premium publishers) are intensely interested and concerned they get right around ability to restrict. The Court and trial made it clear they understood its importance during trial.The agency and the states have settled on recommending that Google be required to license the results and data from its popular search engine and give websites more options to prevent their content from being used by Google’s artificial intelligence products, said the people.
https://www.bloomberg.com/news/articles/2024-11-18/doj-will-push-google-to-sell-off-chrome-to-break-search-monopoly

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William Hinman’s Speech on Digital Asset Securities

BILL HINMAN VIDEO SEC William Hinman’s Speech on Digital Asset Securities

Five years after Bill Hinman delivered his speech on cryptocurrencies, Chief Legal Officer (CLO) at Ripple, Stuart Alderoty, has called for an investigation into the former Securities and Exchange Commission (SEC) official’s actions.

The @SECGov is being pressured to remove Gary Gensler as chairman due to promoting an unregistered security Algorand when he was a professor at MIT. Not a good look for @POTUS and the U.S government.

Stuart Alderoty @s_alderoty
Chief Legal Officer @Ripple
Over 35 years of legal experience with expertise in regulatory affairs and complex litigation.

WATCH THIS VIDEO 1ST
https://twitter.com/s_alderoty/status/1668601225418543109

1/ It’s been 5 years since Bill Hinman gave his infamous speech – and through the SEC’s lawsuit against @Ripple (and 7 court orders), we can finally share what happened behind the scenes through the now public emails / drafts of the speech.
2/ We now can all see Hinman ignored multiple warnings that his speech contained made-up analysis with no basis in law, was divorced from the Howey factors, exposed regulatory gaps, and would create not just confusion, but “greater confusion” in the market.
3/A refresher: Hinman, as Head of the SEC’s Corp Fin, gave a speech in June 2018 declaring that a token is not a security once it becomes “sufficiently decentralized” and he invented factors to consider when making a “sufficiently decentralized” determination.
4/Although Hinman claimed that the speech was his personal view, he and the SEC touted it as guidance. Then SEC Chair Jay Clayton publicly pointed to it. Despite the SEC repeatedly flip-flopping on the significance of the speech in litigation, it remains on the agency’s website.
5/ Now let’s look at what senior SEC officials directly said to Hinman about his speech as he was drafting it.
6/Head of Trading and Markets (T&M) said, “because the list of factors is so extensive – and appears to include things that go beyond the typical Howey analysis – we have concerns this might lead to greater confusion on what is a security.” Hinman ignored those concerns.
7/ T&M directly asked Hinman to tie his newly invented factors “more closely and explicitly to the Howey analysis.” Again, Hinman ignored the suggestion.
8/Office of General Counsel (OGC) and T&M called this factor legally irrelevant “Has this person or group retained a stake or other interest in the digital asset such that it would be motivated to expend efforts to cause an increase in value in the digital asset?” Hinman kept it.
9/T&M and OGC noted Hinman skipped over the threshold jurisdictional question of “whether a digital asset meets the legal standards of a security.” He jumped to asking whether SEC oversight could (in Hinman’s view) be beneficial. Hinman ignored this “regulatory gap.”
10/ On June 4, Hinman wrote that he didn’t see a “need to regulate ETH as a security” and would call Buterin later that week to confirm “our understanding.”
11/On June 12, OGC expressed its “reservations about including a statement directly about Ether in the speech … because it would make it difficult for the agency to take a different position on ETH in the future.” ETH remained as a cited example.
12/So what should happen now? First, remove the speech immediately from the SEC’s website…
13/An investigation must be conducted to understand what or who influenced Hinman, why conflicts (or, at the very least, appearances of conflicts) were ignored, and why the SEC touted the speech knowing that it would create “greater confusion.”
14/ And finally, Hinman’s speech should never again be invoked in any serious discussion about whether a token is or is not a security. Unelected bureaucrats must faithfully apply the law within the constraints of their jurisdiction. They can’t – as Hinman tried – create new law.

YELLEN SAYS WE SHOULD EXPECT SLOW DECLINE IN DOLLAR AS RESERVE CURRENCY
What happens to the Bitcoin price if the fed comes out and just says you know what guys? We’re totally screwed here and it’s time to buy Bitcoin.

The Fed should not exist; it’s basically a private NGO that robs America of its wealth, has no government oversight, and is one of the main tools of tyranny used by the Parasite Class. Listen to Alan Greenspan admitting that it is above the law.

Banks are earning more from the Fed and depositors are earning less from banks.
A new analysis suggests it’s a $290 billion gap.Meanwhile, bank lobbyists have barred citizens from accessing any alternatives.

The Great Bank Robbery Of 2023
Jun 12, 2023
David Sirota
How the government pays banks big money while letting them rip off

 

CUSTODIA BANK WANTS TO MEET THE OBLIGATIONS NECESSARY TO OVER CLIENTS FUNDS BUT DENIED.

A federal judge just denied the Fed’s motion to dismiss Custodia’s case.
So the case now proceeds to discovery where we just might learn new details of the government’s “Operation Chokepoint 2.0” effort to eliminate on/off ramps between crypto and the banking system.
Anyone who cares about government overreach in this area should pay attention as this important case progresses.