ECP NetHappenings Stable Coins

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@RepMaxineWaters
Maxine Waters and McHenry are “very, very close” to reaching an agreement on stablecoins legislation. Her comments are the first real sign that talks have progressed after imploding last year.

Attributes of Maxine Waters who is in charge of writing distributed ledger technology stablecoin legislation 2025

  1. In her seat since 1991.
  2. Was born when the ballpoint pen was invented.
  3. Computers had gears
  4. Pablo Picasso was in his 50s
  5. China’s Qing Dynasty ended while China was part of Japan.
  6. Born when you could buy a brand new car for $600.
  7. Loved SBF throwing him kisses

Here’s a photo of @SBF_FTX alongside Waters & his dad Joseph Bankman, (Bankman involved in FTX pre-collapse)

It’s a big club and the SEC says you ain’t in it.

The Boodle Boys the Good old boys club.

Definition of Boodle, Boodle Boys and the Good Ole’ Boy Network

Cord-cutting hurts the Boodle Boys

Fed Chair Powell Is a Member of a Private Club with a History of Racism and Sexism

@SenWarren asks Why They didn’t Prosecute those #Banksters

The SEC total-power-grab

They protect stability by protecting the old guard and status quo. That’s the only way their actions make any sense. They refuse to regulate trillions in dark money derivatives but step in when regular people build their own derivatives and call it crypto.

Gensler, Yellen, Warren, all under pressure from their campaign contributors, i.e. big banks and finance… Gensler Ex-Goldman protects Wall Street, at the cost of this crypto witch hunt! The SEC has no authority over pure commodities or their trading venues, whether those commodities are wheat, gold, oil….or #crypto assets.

Did you know it’s a crime if you “know an offense against the United States has been committed” and you “assist the offender in order to prevent” his “apprehension or punishment.” Trump committed crimes against the United States . . . 18 USC section 3: Accessory After the Fact

Biden is reportedly nominating a former judge, Keva Landrum, to be U.S. Atty in New Orleans. The history of this judge’s illegal behavior and violent crimes will shock you to the core.

WHERE IS THE SEC?

The guy who was treasury secretary just a few months ago raises $2.5 billion for fund while other high-level officials join v.c. firms in typical revolving door fashion but, sure, set your sights on DeFi.

Gensler saying basically “We thank crypto for showing us that we need to create our own versions of what you created, now we will proceed to burn yours down”.

Dallas Fed President Traded S&P 500 Futures. Dallas Fed Will Not Say If He Shorted the Market During Pandemic Crisis in 2020.

Wall Street Watchdog, Better Markets, Calls Fed Presidents’ Trading Binge “Pandemic Profiteering” or, Possibly, “Illegal Insider Trading” https://wallstreetonparade.com/2021/09/wall-street-watchdog-better-markets-calls-fed-presidents-trading-binge-pandemic-profiteering-or-possibly-illegal-insider-trading/

US Spent up to $7 Trillion on for-Profit Defense Contractors Post 9/11

Maybe, just maybe, if the deck wasn’t stacked in favor of the rich there would be more concern about systemic inequality and legalized corruption built into the system than about people trading magic beans on websites.

The @SEC_Enforcement case again @Ripple will likely determine just how much stroke @SECGov has in regulating crypto, legal experts tell @FoxBusiness.

The SEC is currently litigating an enforcement action against @LBRYcom (formally LBRY, Inc.) in federal court in New Hampshire, alleging that LBRY’s native digital asset, LBC, was sold as an unregistered security.

SEC Chair Gary Gensler says almost all crypto trading platforms will need to register with the SEC in a testimony before the Senate committee.

Gensler calls #stablecoins “stable value coins.” Stable value funds are SEC-regulated. What is extraordinary with all this regulatory hype is the the clear bias language around it as though it’s gambling. If the US puts out a digital dollar, is that not also a “stable value coin” that would fall under purview of the SEC?

Future is in decentralized algorythmic stablecoins. Good luck with regulating them Face with tears of joy I hope people in crypto finally remember we are in war with government. Satoshi didn’t make #bitcoin to knee before regulators. It was developed as ultimate weapon agains governments and banks.

The world will move on and embrace new technologies, innovation, cryptos.. While USA becomes the AOL of the world.