Tag: Wanxiang

ECP NetHappenings Historic Moments, Security, and Liars

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HISTORIC MOMENTS

2024 the first year when wind and solar generated more electricity than coal in the US

Seniority Sucks vs. Merit

Moscow Mitch falls and face plants.
Pelosi falls breaks a hip.
The longer they stay the more power they have till they are demented.

Report of ‘Missing’  Representative Kay Granger, a Texas Republican GOP Congresswoman in Senior Facility Sparks Backlash
Is there a non congress job where you can not show up for 6 months and still get paid?  I want to know what did @SpeakerJohnson know about her absence and her condition and when did he know it?

Handmade quilts blanketed Independence Mall for a temporary homeless memorial
The blankets, collected by a volunteer initiative called the Homeless Memorial Blanket Project, were then turned over to local service providers to distribute to Philly youth with unstable housing.

Wtf is coffee badging? Badge in. Get coffee. Go home.
What’s really annoying is spending hours a day in heavy traffic to subsidize office real estate prices They love making up these terms instead of just calling it “micromanaged slavery” when they force return to office mandates despite OVERWHELMING evidence that it’s not only un-necessary but actually lowers productivity. Gotta keep that corporate real estate propped up. Corporate drills the mantra of increased productivity and lowering operating costs into everything it does, but when an obvious solution is presented i.e., WFH; it’s so entrenched in tradition that it can’t wrap its head around it. “I work at a mutual insurance company that has existed for 100+years, our best performance on record was during the pandemic when everyone was at home. There were less claims, and they were less severe on average (fires were more likely to be partial vs total loss, flood damage localized to a room vs the entire floor, etc). Our peers saw the same thing. Our suspicions are it was just people being around to notice things, and not being in such a rush all the time.”

After being jailed in 1961 for using a “white” restroom in segregated Mississippi, John Lewis grinned as his mugshot was taken.

Black Student Enrollment at Harvard Law Drops by More Than Half
After a Supreme Court decision ended race-based admissions, some law schools saw a decline in Black and Hispanic students entering this fall. Harvard appeared to have the steepest drop.

For Gen Alpha, learning to read is becoming a privilege

Mark Zuckerberg Dispatches an Update From His Kauai ‘Bunker’

‘If Poor People Knew How Rich Rich People Are, There Would Be Riots’ Chris Rock

Trump proposals cut taxes for the richest 5%, raises taxes for the other groups.

Michael Saylor⚡️ @saylor
We’re now offering a free MBA degree to international students and Floridians. Once @saylordotorg achieves full university accreditation, this offer will extend to all US students.
https://learn.saylor.org/ search MBA

Donald Trump is still Donald Trump. With a 41 percent favorability rating, he remains unpopular. #PresidentMusk is an agent of chaos he can’t control and he loves Musk’s money. The House Ethics Committee report on Matt Gaetz is expected to be released on Monday, concluding a years-long probe into numerous serious allegations.

Scenes from President Musk’s shutdown-that-wasn’t
welcome to a perfectly normal weekend in the good old US of A

Where’s President Musk’s Birth Certificate?
Donald Trump handed the presidency to an African oligarch.

Trump on Elon Musk: “No, he’s not gonna be president, that I can tell you. And I’m safe — you know why? He can’t be, he wasn’t born in this country. Haha.”

‘Complacent and lazy’: New focus groups spell big problems for Democrats
Even voters who previously backed Democrats cast the party as weak and overly focused on diversity and elites.

United States President-Elect Elon Musk was definitely one of those kids who woke up early on Christmas morning, ran downstairs, grabbed his presents from under the tree, frantically ripped the wrapping off — and immediately smashed the shit out of each and every one of his new toys.
you know this is a fact, because when handed the biggest toy of his life — the entire country of America — the very first thing President-Elect Musk tried to do was break it.

Trump’s pick to lead NASA is Jared Isaacman, friend of Elon Musk, whose online payment company has extensive financial ties to SpaceX.
If confirmed, Isaacman would oversee billions of dollars in government contracts awarded to SpaceX.

@SpaceX uses stablecoins to handle Starlink payments in remote areas, avoiding FX risks and wire transfer hassles. Funds are converted to stablecoins, sent to the U.S., and then back to USD.
https://x.com/BankXRP/status/1870898546528154076

Trump taps billionaire Houston Rockets owner Tilman Fertitta as Italy ambassador

Did Elon want to shut the government down because of his business deals with China? A thread.
https://threadreaderapp.com/thread/1870529608488984968.html

ACCORDING TO GROK
Who is still responsible for spreading the most lies on X?

The spread of misinformation on X (formerly Twitter) involves a complex interplay of individuals, organizations, and systemic issues. From the web search results and sentiments on X:

Elon Musk has been identified in several sources as a significant contributor to misinformation on X. His posts have been noted for their potential to spread misinformation due to his large following and influence. A study mentioned in the sources suggests that his false or misleading claims about the U.S. election received over 1.2 billion views between January and July 2024, indicating his significant reach.
Other public figures like Donald Trump, Robert F. Kennedy Jr., and Joe Rogan have also been mentioned in discussions about misinformation on social platforms, not just X. However, the focus often falls back on Musk due to his ownership of X and his active role in promoting or engaging with controversial content.
Systemic and Platform Issues: Beyond individuals, the platform itself, through its algorithms and moderation policies, plays a role in how misinformation spreads. The design of X, which favors engagement, can inadvertently boost misleading content. The reduction in content moderation teams has also been noted as contributing to an increase in misinformation.
General Public and Influencers: While high-profile individuals like Musk or Trump get much attention, the web results also indicate that misinformation often spreads through networks of less-known influencers and the general public, especially when sensational content is shared for views or engagement.
In conclusion, while Elon Musk is frequently cited for his role in spreading misinformation on X due to his unique position and actions, the issue is broader, involving a mix of influential figures, the platform’s design, and broader societal dynamics.
Give 5 examples of posts from Elon musk that are misinformation
15 web pages
Here are five examples of posts from Elon Musk that have been identified as misinformation based on the provided web search results:

Election Misinformation: Musk has posted numerous times about undocumented immigrants voting en masse in U.S. elections for Democrats, which is a debunked conspiracy theory. One specific example cited was his claim that Democrats are “importing voters” by “flying millions” of undocumented immigrants into the U.S. to vote for Kamala Harris in the 2024 election, making swing states permanently blue. This was reported to have been viewed over 1.2 billion times on X in 2024 (Source: CNN Business, November 4, 2024).
False Claims About Detainment Camps: Musk shared a fake news headline from a far-right user on X suggesting that UK Labour leader Keir Starmer was considering building “emergency detainment camps” on the Falkland Islands. This was not true and was part of a broader pattern of Musk amplifying misleading or outright false information (Source: Mashable, August 8, 2024).
Misleading Election Fraud Claims: He has made various posts suggesting widespread election fraud via mail-in ballots and non-citizens voting, including the false claim that “illegals are not prevented from voting in federal elections.” This was specifically mentioned in January 2024 (Source: Rolling Stone, August 9, 2024).
Misinformation on Immigration: Musk has spread misinformation about immigration, notably claiming that the Democratic Party’s goal is to “import as many illegal voters as possible.” This assertion has been refuted by fact-checkers as there’s no evidence supporting widespread non-citizen voting (Source: NBC News, August 8, 2024).
COVID-19 Misinformation: Back in 2020, Musk falsely claimed that children were “essentially immune” to Covid-19, which was incorrect and misleading since children can indeed contract and spread the virus, though generally with less severe outcomes than adults. This tweet was not removed and remained on X (Source: Rolling Stone, August 9, 2024).
These examples illustrate how Musk’s posts have contributed to the spread of misinformation on various topics, particularly around elections, immigration, and health issues, according to the sources provided.

SECURITY

Nebraska AG sues UnitedHealth for data breach affecting 575,000 residents, disrupting healthcare services.

[The L.A. Times owner is destroying the paper] LA Times staffers say
billionaire owner’s pro-Trump meddling worse than previously reported

Cowboy.X @cowboycrypto313 copyright
Aaron Kaplan’s daddy, Martin Kaplan, is the listed majority owner of Prometheum on Finra’s website. Get a load of who Martin Kaplan is now that Prometheum has been partnered with Wanxiang on this deal. Aaron also worked at his dad’s law firm prior to starting Prometheum.
“Martin Kaplan is a well-known securities lawyer based in New York, NY. He is the Managing Partner of Gusrae Kaplan Nusbaum PLLC, a firm he co-founded in 1975. Kaplan has nearly four decades of experience in handling highly sophisticated securities litigation matters before various courts, administrative forums, and regulatory bodies, including the SEC, CFTC, FINRA, and various exchanges. He’s recognized for his expertise in white-collar and regulatory issues within the financial services industry.”
Turns out, the CCO for Prometheum is an ex SEC Enforcement Director. Joseph Zangri is listed as part owner of Prometheum. Wanxiang Blockchain, who funded Ethereum prior to MainNet launch and was also intimately involved with the Biden’s, has their chairman, Xiao
https://x.com/cowboycrypto313/status/1870621714796679317
Turns out, the CCO for Prometheum is an ex SEC Enforcement Director. Joseph Zangri is listed as part owner of Prometheum. Wanxiang Blockchain, who funded Ethereum prior to MainNet launch and was also intimately involved with the Biden’s, has their chairman, Xiao Feng, on Prometheum’s Board. SEC is teamed up with China on this whole deal. https://x.com/cowboycrypto313/status/1870589827676250567
ust so everyone knows, the COO of Prometheum is Joseph Zangri who is ex Global Head of Compliance and CCO for Bloomberg as well as…Senior Enforcement Attorney at the SEC.

D++ @D_plus__plus
Four ways to spot someone who DOESN’T understand quantum computing or bitcoin:
1. Thinks QC breaks bitcoin’s “encryption” (bitcoin doesn’t use encryption…)
2. Obsessively talks about “Satoshi’s coins”
3. Thinks QC can break mining/SHA256
4. Claims QC is an urgent threat
Cypherpunks write code
Hashpunks balance load

yubikeys are superior and support both TOTP secrets and passkeys.
@jamesobI use yubikey with the ‘pass’ password manager, no trusted third party.
This is becoming increasingly important.
Social engineers are targeting Google accounts since they know they’re likely to find TOTP 2FA secrets there. By controlling your email account they can reset passwords. Compromise 2FA and it’s game over. If you install Google Authenticator from the app store and follow the suggested instructions, your 2FA codes are by default saved to the cloud. I recommend not linking the Authenticator to your Google account, in which case you should see this “no cloud” icon in the upper right.
Yubico – YubiKey 5C NFC – Two-Factor authentication (2FA) Security Key, Connect via USB-C or NFC, FIDO Certified – Protect Your Online Accounts
Listen to this amazing piece of gonzo journalism the legendary @verysmallclaims did in order to understand the mindset and tactics of the social engineers trying to steal your bitcoin.
Ladies and Gentlemen, I present to you Demetri the scammer, unedited, uncut, and preserved for posterity. May many of you listen, laugh, and learn.

BREAKING: NSO Group liable for #Pegasus hacking of @WhatsApp users.
Big win for spyware victims.
Big loss for NSO.
Bad time to be a spyware company.
Landmark case. Huge implications.
https://threadreaderapp.com/thread/1870271177584963627.html

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ECP NetHappenings Newsletter The Trails

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The Trails leading down the rabbit hole.
ALL the talent belongs to @BoringSleuth with thousands dollars, hours of time to build amazing databases and research all these connections, and John E Deaton. Much Power!

Explainer:
This post gives the reader an opportunity to go deep into the corrupt relationships of insiders. The SEC, Think Tanks, Academia, Venture Capital, and China that will never get investigated by the “news” because there is so much money involved, they do not want to known.

@BoringSleuth

This 🧵will be all-inclusive. I will demonstrate how blockchain data (public ledger) can be used to validate/ 🙂 🙁 invalidate information released off-chain into the public domain, like PR’s. This is critical as it holds companies and their employees accountable to telling the truth.

This Protocol Labs & Filecoin 🧵 goes Deep.
It may end up being the deepest, most intimate look into how the Wanxiang, Ethereum Foundation, Consensys has ran their ecosystem to date: One token sale at a time capitalized on marketed lies, storytelling, Ponzinomics, & KPI farming.
https://twitter.com/BoringSleuth/status/1652880895748218880
The MIT & Wanxiang relationship goes back to at least 2012

WANXIANG and MIT FORM STATEGIC PARTNERSHIP 2018 Article at http://GOVT.CHINADAILY.COM
https://govt.chinadaily.com.cn/s/201803/28/WS5b788025498e855160e8f2cc/wanxiang-group-mit-develop-strategic-cooperation.html

Jeffrey Epstein & Bill Gates funded MIT’s Media Lab developing CBDC “Project Hamilton”.
SEC Chair Gensler was the Labs senior advisor & taught economics with Glenn Ellison, the father of SBF’s girlfriend and co-CEO of Alameda Caroline Ellison. Plus THIEL taught by SBF’s Dad.

The second known Musk-Epstein dinner:
“Hoffman had invited Epstein, along with former MIT Media Lab director Joi Ito, to an August 2015 dinner in Palo Alto, CA, where Elon Musk, Mark Zuckerberg and Peter Thiel were also in attendance, Axios reported.”
https://nypost.com/2019/09/13/linkedin-founder-reid-hoffman-says-he-regrets-interactions-with-jeffrey-epstein/

Many people don’t know the impact Thiel Fellows have made in Crypto over the last 9 years. This years class of Thiel Fellows, on paper, is the least involved in Blockchain since the Fellowships inception. Below is a 🧵 the Most Notable Fellow and their impact in Blockchain today: https://twitter.com/BoringSleuth/status/1667216838323851265/photo/1

Paxos was also a part of the Silvergate Exchange Network, from underwater Silvergate Bank. Paxos’ largest VC investor, Peter Thiel, has been dubbed as the one who started the bankrun on Silicon Valley, which led to its collapse. Silicon Valley is..was..a member of the Silvergate Exchange Network.

Paxos’ directors were previously linked to and sued for their connections to fraud, including LEHMAN BROS (Madoff) Fortis Prime Fund Solutions – Cayman Bank (Madoff) and a $1.4B Ponzi – Platinum Partners. I included in the image below the members of the Board, the Directors of the company that own Paxos, and the early funders of PAXOS.

Also, for some strange reason, Microsoft is also part of bankchain… a private blockchain, for Banks of course.

[ECP NetHappenings Comment:
This is probably how Microsoft was involved.

Cryptographer Wei Dai worked for Microsoft who was thinking about this topic at the same time Satoshi Nakamoto was going to release his white paper in 2008.
b-money https://en.bitcoin.it/wiki/Wei_Dai
In 1998, Dai helped to spark interest in cryptocurrencies with the publication of “b-money, an anonymous, distributed electronic cash system”. In the paper, Dai outlines the basic properties of all modern day cryptocurrency systems: “…a scheme for a group of untraceable digital pseudonyms to pay each other with money and to enforce contracts amongst themselves without outside help”.

Influence on the development of Bitcoin
Described as “money which is impossible to regulate”, Dai’s b-money described the core concepts later implemented in Bitcoin and other cryptocurrencies:

Requires a specified amount of computational work (aka Proof of work).
The work done is verified by the community who update a collective ledger book.
The worker is awarded funds for their effort.
Exchange of funds is accomplished by collective bookkeeping and authenticated with cryptographic hashes.
Contracts are enforced through the broadcast and signing of transactions with digital signatures (i.e., public key cryptography).

Relationship with Satoshi Nakamoto
Wei Dai and Adam Back were the first two people contacted by Satoshi Nakamoto as he was developing Bitcoin in 2008 and the b-money paper was referenced in the subsequent Bitcoin whitepaper.

In a May 2011 article, noted cryptographer Nick Szabo states:

Myself, Wei Dai, and Hal Finney were the only people I know of who liked the idea (or in Dai’s case his related idea) enough to pursue it to any significant extent until Nakamoto (assuming Nakamoto is not really Finney or Dai).

“Efficient cooperation requires a medium of exchange (money) and a way to enforce contracts,” Dai explained when he introduced b-money in November of 1998.

So, how much risk is there in the banking system?
How could we possibly know with the Privatized Bankchain, directly linked/ran by ex-Madoff participants?

Wanxing – Prometheum

Wanxiang has a history with the Biden’s and others:
https://twitter.com/BoringSleuth/status/1670203365794496514/photo/1

https://wanxiang.com/

SEC Chair Gary Gensler
Gary Gensler is testifying in front of the @GOPoversight+. Let’s hope Prometheum and Wanxiang are two of the main points of questioning.
In Prometheum’s filings to the SEC, they state:

“The company (Prometheum) uses Wanxiang (CCP) as their SOLE project developer and relies on Wanxiang’s ability to create and maintain a successful platform.”

“The loss of the services of Wanxiang could have a material adverse effect on the ability of the Company to Develop, Operate, or maintain the Prometheum Network”

“If the Company were to lose the services of Wanxiang, it could be difficult or impossible to replace them”

tldr: Prometheum is shell of Wanxiang used to get approval and access to US markets and US consumers most private and sensitive information.

This opens up Prometheum, Wanxiang, and the CCP have legal, direct access to Americans Social Security numbers, drivers licenses, passport numbers, and Banking information.

SUMMARY:

@garygensler
@FINRA
@SECGov
gave the lone special dealer broker license to a company that is”

1. Heavily backed financially by deeply connected w/CCP Wanxiang
2. 100%, entirely dependent upon CCP Wanxiang creating, managing, and running the product for Prometheum.
3. controlled by Wanxiang who is involved in Billions of dollars of fraud and theft.
4. Who owns the domain KillTrump.eth and KillTrump.crypto, where today, you could send money to, and Prometheum would receive it.

Yet, we sit here today, and still, squadoosh has changed outside of Meetings being held and games being played.

While Gary Gensler was under oath yesterday, not one person from the
@committeeonccp was in attendance to drill him. While @JDVance1 did a great job, he should have been 1 of 50 pressing Gary Gensler, bit by bit. Instead, the @committeeonccp held their own meeting, and bit by bit learned about how to handle the CCP’s invasive nature by fielding responses from Jay Clayton.

What is Regulatory Capture

John E Deaton deserves all the credit for his outstanding research.

@JohnEDeaton1
WHAT IS REGULATORY CAPTURE: regulatory capture, a form of government failure in which a regulatory agency, which is supposed to represent the needs of the greater public, advances the commercial concerns of a special interest group w/in the sector the agency is supposed to be regulating.”

Wojtas gives more details on that secret meeting with the SEC
https://x.com/JohnEDeaton1/status/1705745501591654693

Clayton told @a16z to put together a small group and then tell Hinman what they wanted. March 26, 2018, a16z’s lawyer, Lowell Ness, sent Hinman the and Safe Harbor. Two days later they met with Hinman. ETH was the only token referenced in the Safe Harbor. Hinman’s law firm was a member of the EEA and Hinman was not retired, but instead, was a profit sharing partner with his law firm, when he declared ETH a non-security 10 weeks later.

Clayton’s law firm represented ETH’s co-founder @ethereumJoseph & @Consensys, the single largest holder and promoter of ETH and Clayton’s firm also brokered the merger between Quorum and Consensys using the JPMCoin, a direct competitor to @Ripple and XRP.

Joe Grundfest was part of this working group as you can hear below. Btw, Grundfest had spoken to @StevenNerayoff  back in 2014/2015 when Nerayoff was working with Joe Lubin & @VitalikButerin (despite what they have said publicly). In sum, Grundfest helped the ETH founders and the small working group.

Clayton, despite his law firm representing Consensys and ETH’s co-founder, arguably Ripple’s biggest competitor, voted to bring a lawsuit against Ripple – as he was walking out  of th@SECGov. He then immediately went to One River which made a $1 Billion bet on Bitcoin & ETH (beneficiaries of the Hinman Speech), 2 Months before the Ripple lawsuit was filed.

Yet, the guy that was part of the small group and helped ETH – Joe Grundfest – PLEADED WITH CLAYTON – not to bring the suit. He said XRP should not be treated any differently than ETH. Grundfest pointed out that the mass exodus of Clayton, Hinman, Berger etc was suspicious. He said there was no reason to bring the suit considering XRP had traded publicly for SEVEN YEARS and that innocent people with no connection to Ripple would suffer the most. It all fell on deaf ears.

Hinman retuned to his EEA law firm $15 Million richer after less than 3 years at the SEC and then later BECAME PARTNERS at A16Z WITH THE SAME PEOPLE WHO HELPED PUT THAT TOGETHER ASKING FOR THE SAFE HARBOR FOR ETH.

Btw, Hinman was sternly directed – in writing – to STOP meeting his EEA partners at Simpson Thacher because every single time he had contact with them he violated 18 USC 208. His own SEC emails PROVE Hinman IGNORED that instruction and violated 18 USC 208 THREE MORE times by meeting them, including meeting his partner from the Chinese Office regarding the Canaan IPO. What do they make you ask? BTC & ETH mining equipment!!

Yep, nothing for the IG to investigate here. Oh, to have subpoena power!

@SECGov regulatory capture caught on tape back in 2015.
This is the culture.
Former #SEC Director of Office of Compliance – Andrew Bowden.
This is what you get with the revolving door
https://x.com/NerdNationUnbox/status/1552799954082603008

This is what you get with the revolving door If anyone wants to see the actual memo
https://d16yj43vx3i1f6.cloudfront.net/uploads/2018/04/perkins_memo_final.pdf
TO: William Hinman
Director, Division of Corporation Finance
Amy Starr, Chief Office of Capital Markets Trends
Valerie Szczepanik, Assistant Director
Head of the SEC Distributed Ledger Technology Working Group
FROM: Perkins Coie LLP
RE: Investment Contract Analysis of Utility Tokens
This memorandum discusses whether and under what circumstances so-called “utility tokens” would be securities as defined under the Securities Act of 1933, as amended (the “Securities Act”).1

The CCP is involved in everything to do with Ethereum

@BoringSleuth is the Best!

“One of my most interesting finds this week, was how connected Wanxiang, Cumberland (publicly traded Market Maker), and Shapeshift Dev was On-Chain.
https://twitter.com/BoringSleuth/status/1690101942108688384/photo/3

There connection was all the way back at the Genesis block.

This is a look at the wallet that setup Shapeshift. Their original wallet, from the Genesis, only interacted with Shapeshift and Cumberland’s Dev.

When we look at one of Cumberland’s Genesis wallets, we can see that they interact with more address’, as you would expect a MM to do. What suprised me was that Wanxiang was connected to them from the very first day. I’ve shown you before that Wanxiang setup the ETH Foundation, and Vitaliks wallets. I haven’t shown you that they were connected to one of the largest Market Makers, Cumberland, who happens to be based out of Chicago just like Wanxiang.

What do we take from this? Major proof that the CCP is involved in everything to do with Ethereum. When I say they have a 66.6% share of ETH’s Supply, I mean it.

Always stay curious my friends.”

Wanxiang America Corp

https://www.wanxiang.com/
Wanxiang America Corporation / Contact Info:
Pin Ni, President
Gary E. Wetzel, COO/CFO

88 Airport Road
Elgin, IL 60123
Phone: 847-622-8838
Fax: 847-931-4838
E-Mail: pn*@******ng.com (Pin Ni)
E-Mail: gw*****@******ng.com (Gary E. Wetzel)

Two exchanges have gone thru a rush of promotions lately by Influencers on X. Both offer insane leverage, and have their own exchange token. Rollbit $RLB Bybit I decided to look into Rollbit’s Dev’s On-Chain history to get an idea of what groups are connected to it. See for yourself  I shared who was behind Bybit a week ago….

Stay curious my friends.

ECP NetHappenings Newsletter Headlines contain Crypto, Banksters, K12Education

EDUCATIONAL CYBERPLAYGROUND NETHAPPENINGS NEWSLETTER 7/13/23

©1998*Educational CyberPlayGround®
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#NetHappenings Newsletter Headlines contain #Crypto, #Banksters, #K12Education

CRYPTO

From fiat to crypto explained.

The major difference between an ETN and an ETF is that the ETF shareholder owns a portion of the fund’s underlying assets, while ETN investors own debt security. ETFs, unlike ETNs, cannot be leveraged or use derivatives, which could otherwise lead to market manipulation risks. The United States Securities and Exchange Commission (SEC) has rejected all spot Bitcoin ETFs to date. However, in 2023 alone, nearly half a dozen institutional giants, including the likes of BlackRock and Fidelity, have filed fresh spot Bitcoin ETF applications in hopes of becoming the first U.S approved spot BTC ETF.

Fidelity’s Spot bitcoin ETF FBTC is trading in Canada, while its US fund is still waiting for the SEC’s green light.

The SEC officially acknowledges Bitwise’s spot #Bitcoin ETF application.

Gensler Admits THE SEC DOES NOT HAVE AUTHORITY FROM CONGRESS TO REGULATE CRYPTO EXCHANGES.

@MetaLawMan
After Gary was confirmed to his post as Chairman of the SEC, Gensler testified to Congress, on May 6, 2021, that: THE SEC DOES NOT HAVE AUTHORITY FROM CONGRESS TO REGULATE CRYPTO EXCHANGES.
He will lose his case against Coinbase.
The problem for the SEC is, of course, that Gensler’s testimony was entirely correct.
Which agency may be given authority to regulate crypto exchanges is a Major Question that can only be answered by Congress–the SEC can’t simply wish its own legal authority into existence. If the SEC follows through on its threat to sue Coinbase, the Coinbase legal team will surely zero in on the communications within the SEC leading up to Gensler’s May 6, 2021 testimony.
All testimony of an SEC Chairman is thoroughly vetted internally before they testify.
So there will be emails, meeting notes, memos, text messages, chats and deposition testimony showing that: There was a consensus within the SEC that it lacked legal authority from Congress to regulate crypto exchanges.
How do I know this? Because no Chairman in their right mind would testify before Congress that the SEC does NOT have authority to do something unless they were absolutely sure that there was no legal basis at all to claim that authority. If they sue Coinbase, the SEC’s lawyers will have the unenviable task of trying to explain away their own Chairman’s testimony to Congress and all the documents and discussion that preceded it internally within the SEC. It’s a highly embarrassing prospect for the SEC. Even more damaging will be all the discovery Coinbase will conduct around Gensler’s decision to pull a 180 degree reversal and suddenly claim that the SEC DOES have the authority to regulate crypto exchanges in the absence of any Congressional authorization. Imagine the emails, meeting notes, texts and testimony from SEC staff saying essentially–
What is he talking about? We suddenly claim this authority that we told Congress and the American public we Do Not Have? Where did he get his law license? (Gensler is not a lawyer)
His unequivocal testimony before Congress and his bizarre 180 degree reversal make Gary Gensler himself the star witness at trial–for Coinbase. I can only imagine this is why @brian_armstrong & @iampaulgrewalhave been so clear publicly that they will fight, if necessary.

Telegram Lets Users Pay Merchants in Bitcoin – Here’s How it Works
TON, which stands for The Open Network, is a layer-1 blockchain network based on the proof-of-stake consensus mechanism, originally developed by the Telegram team. Toncoin (TON) is the native gas-paying token of The Open Network.
Merchants must apply Wallet Pay Website Users need to add @wallet on Telegram as a new contact and create a new crypto wallet instantly linked to their Telegram account. There’s no need for saving seed phrases or private keys. This can be created using a regular phone number, or an anonymous tokenized phone number built by Telegram on the TON blockchain
A new third-party chatbot powered by the TON blockchain allows instant Bitcoin, USDT, and TON payments via Telegram. Users can now directly pay merchants in crypto on Telegram via an independent chatbot called Wallet. Built on TON blockchain and Telegram, the Wallet chatbot provides a way to store, trade, and transfer three cryptocurrencies: Toncoin (TON), Tether’s USDT on Tron, and Bitcoin (BTC).

According to Kaiko, currently, 74% of cryptocurrency trades on CEXs involve stablecoins. Tether/USDT holds a market share as high as 70%, while TUSD, supported by Binance, has seen its market share rise from below 1% to 19% in just three months. BUSD, on the other hand, has faced regulatory challenges and dropped from its peak of 30% to the current 6%.

Its critical that you understand two points:
1. CCP is $ETH’s biggest whale, masked behind Wanxiang and others.
Is ETH a Security or Not
2. Wanxiang was perfectly positioned to wear the Mask.
I just want you to know, that you idolize and adopt the men who developed the Social Credit System built for China (first) & the rest of the Globe. Are you too late? Do your bags even matter then? They don’t. The CCP will take what they want, like they do with DEX/CEX‘s

Ex-Celsius CEO Mashinsky Arrested
This crypto bro CEO, Alexander Mashinsky, just got arrested by the Feds.
These people were warned and given options. They chose prison.
Mashinsky who has been out walking around free as a bird for the past year! defrauded hundreds of thousands of investors out of billions of dollars at the now-bankrupt Celsius cryptocurrency exchange.
New York AG accuses Celsius ex-CEO Alex Mashinsky of defrauding hundreds of thousands of crypto investors in $20 billion collapse. The suit was brought under the Martin Act, which gives state prosecutors widespread authority to investigate securities fraud and potentially build a criminal case. @TheJusticeDept charged @Mashinsky and others on seven counts including securities fraud, commodities fraud, wire fraud and conspiracy to manipulate the price of $CEL.
*FTC: EX-CEO ALEXANDER MASHINSKY HAS NOT AGREED TO SETTLEMENT

Binance has appointed Eleanor Hughes as its new general counsel. She joined Binance’s legal team in November 2021 and will lead Binance’s legal affairs with a team of 85 lawyers. Former general counsel Han Ng has recently departed, along with a number of other senior executives. TheBlock reported.
85 lawyers. Eighty Five. CZ of Binance requires a lot of protection.

According to Kaiko, currently, 74% of cryptocurrency trades on CEXs involve stablecoins. Tether/USDT holds a market share as high as 70%, while TUSD, supported by Binance, has seen its market share rise from below 1% to 19% in just three months. BUSD, on the other hand, has faced regulatory challenges and dropped from its peak of 30% to the current 6%.

@JohnEDeaton1
The SEC sued Alex AFTER investors were defrauded and lost money. The SEC sued FTX AFTER investors were defrauded and lost money. The SEC can’t catch every thing, I understand that. But the point here is look at the level of resources, energy and time spent focusing and suing good actors who may or may not have violated Section 5 – in essence, failure to make disclosures. The SEC has spent all this time and energy on @Ripple
@coinbase @dragonchain and the list goes on. All non-fraud cases.

Where are the meeting notes, emails and correspondence between Gensler/SEC and SBFraud/FTX? Was there a deal being cut as the rumors suggest?

BANKSTERS

Confidence in U.S. Banks Stood at 60 Percent in 1979. Today, It
Stands at 26 Percent. The polling organization, Gallup, conducted a survey between June 1-22 to update its annual poll that measures the confidence that Americans have in key U.S. institutions. Banks, as might be expected, continued their downward trend, registering an abysmal 26 percent of Americans who have “a great deal”…..

Lawsuit Bombshell: Sex Trafficker Jeffrey Epstein Was “a Business Partner”
with Members of JPMorgan’s Board of Directors
Jamie Dimon Being Sworn In at House Financial Services Committee Hearing, May 27, 2021 For months now, the largest federally-insured bank in the United States, JPMorgan Chase, represented by WilmerHale, a law firm with more than 1,000 attorneys, has been attempting to bamboozle the American people with the …..

Large Banks Have Bled $921 Billion in Deposits Since April 2022 — the Fastest Pace in 40 Years — and a Much Larger Decline than Small Banks
You may recall reading a burst of headlines during the banking crisis in March of this year about depositors fleeing small banks for the perceived comfort of the largest banks. Unfortunately, those headlines were never put in context or updated to reflect a broader picture. In fact, using ….

These Charts Show Why the Fed Is Terrified to Stop Raising Interest Rates and Why Nasdaq Is Ripping Higher
The top chart above shows one of the most erratic eras in Federal Reserve
policy-making history. In the 70s and early 80s, the Fed would slam on the
brakes to bring down inflation by raising its benchmark rate (known as the Fed Funds rate), then slam its ….

Apple Hits $3 Trillion Market Cap After Spending More than Half a Trillion
Dollars on Stock Buybacks Since 2013
According to S&P Dow Jones Indices, component companies of the Standard & Poor’s 500 spent $922.7 billion in 2022 buying back their own stock. That
was $41 billion more than the S&P 500 companies spent in 2021, which came in at a lofty $881.7 billion. One of the …..

CRIMINAL BANK OF AMERICA  NO ONE IS ARRESTED ROHIT AND MISS.
A PUNY 190 MILLION IS A SLAP ON THE PINKY JUST THE COST OF DOING BUSINSESS AND NO ONE GOES TO JAIL
By opening fake accounts and overcharging junk fees, Bank of America broke the law. Vital action by Rohit Chopra @chopracfpb to start holding this Wall Street bank accountable and put money back in Americans’ pockets. We need to end these abuses in the banking system.
Official account of @CFPB Director Rohit Chopra. Member of @FDICgov Board. Former @FTC Commissioner.
@chopracfpb @CFPB @FDICgov fuck you! Bank of America broke the law. Nobody charged, arrested or jailed. We need to end these abuses in the banking system. What the hell are you doing about it? Bank of America to pay over $250 million over junk fees, other issues.
 @CFPB is ordering @BankofAmerica to pay more than $100 million to harmed customers and $90 million in penalties for wrongfully withholding credit card rewards, double-dipping on fees, and opening accounts without consent. $BAC 

BANK OF AMERICA FREEZING COINBASE LINKED ACCOUNTS

“Chainlink could accelerate the adoption of next-generation blockchain use across finance, insurance, supply chain, gaming and gambling, Bank of America said in a research report”

Bank of America says Coinbase’s stock is due for a 40% drop even if bitcoin ETFs are approved, Bank of America says. The decentralized oracle network has secured more than $60 billion deposited into smart contracts.

K12 EDUCATION

Cyril Mychalejko @cmychalejko
Right-wing political operative Jordan Adams used Moms for Liberty conference not only to instruct the audience on how to sow chaos in their school districts, but undoubtedly to sell his “consulting” company Vermilion Education to potential clients @rweingarten @DianeRavitch @PSEA