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Congressmembers Tried to Stop the SEC’s Inquiry Into FTX - The ‘Blockchain Eight’ wrote a bipartisan letter in March attempting to chill the SEC’s information requests to crypto firms. FTX was one of those firms.
Prospect.org ^ | 11-23-22 | DAVID DAYEN

Posted on 11/25/2022 7:51:40 AM PST by dynachrome

The Securities and Exchange Commission was seeking information from collapsed cryptocurrency exchange FTX earlier this year, the Prospect has confirmed, bringing a new perspective to an effort by a bipartisan group of congressmembers to slow down that investigation.

The March letter from eight House members—four Democrats and four Republicans—questioned the SEC’s authority to make informal inquiries to crypto and blockchain companies, and intimated that the requests violated federal law.

Rep. Tom Emmer (R-MN), whom the Republican caucus just elected as majority whip, the number three position in the House GOP leadership, led the letter. In a contemporaneous Twitter thread, Emmer wrote: “My office has received numerous tips from crypto and blockchain firms that SEC Chair @GaryGensler’s information reporting ‘requests’ to the crypto community are overburdensome, don’t feel particularly … voluntary … and are stifling innovation.”

(Excerpt) Read more at prospect.org ...


TOPICS: Business/Economy; Chit/Chat; Conspiracy
KEYWORDS: auchincloss; bitcoin; bribe; budd; congress; corruption; crypto; cryptocurrency; davidson; emmer; farmingtonstatebank; ftx; gottheimer; money; sambankmanfried; swamp; tomemmer; torres
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Money talks.
1 posted on 11/25/2022 7:51:40 AM PST by dynachrome
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To: dynachrome

4 ‘pubs, 4 rats


2 posted on 11/25/2022 7:52:05 AM PST by dynachrome (“We cannot save Ukraine by dooming the US economy.” Rand Paul)
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To: dynachrome

Republicans have become the enemy of the people.


3 posted on 11/25/2022 7:55:24 AM PST by JonPreston
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To: dynachrome

To quote/paraphrase Lewis Black:

Republicans “We’ve got a really shitty idea!...”
Democrats “...and we can make it shittier!...”


4 posted on 11/25/2022 7:56:22 AM PST by EEGator
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To: JonPreston

This reminds me of the infamous “Keating Five” incident—where John McCain was exposed as a foul crook.

Scratch a RINO and there is always corruption to be found...


5 posted on 11/25/2022 7:57:14 AM PST by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: cgbg

Better that Ds get elected than RINOs.


6 posted on 11/25/2022 7:58:02 AM PST by JonPreston
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To: dynachrome

7 posted on 11/25/2022 7:58:11 AM PST by Pollard ( )
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To: dynachrome

FTA——— House Financial Services Committee has announced hearings during the lame-duck session into the FTX collapse.

Signers Emmer, Torres, Gottheimer, Auchincloss, Davidson, and Budd are all members of that committee.

Unfortunately, they won’t be the ones forced to answer the questions.


8 posted on 11/25/2022 7:58:31 AM PST by Liz (Vox Populi, Vox Dei (voice of the people is the voice of God))
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To: JonPreston
Republicans have become the enemy of the people.

Pretty much. The promised investigations in the Republican House will be nothing more than a dog and pony show to expose nothing.

9 posted on 11/25/2022 7:59:30 AM PST by buckalfa (Kilroy was there, but who was he?)
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To: dynachrome

Congress can’t afford to have the method of their bribes exposed.


10 posted on 11/25/2022 7:59:39 AM PST by T.B. Yoits
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To: Liz

The signers should recuse themselves from the hearings.

They are a part of the problem—no way they can be part of the solution.


11 posted on 11/25/2022 8:00:02 AM PST by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: dynachrome

Sickening, disgusting behavior for Republicans. There can never be true reform until these types are ruthlessly purged from the Republican Party. Soory but there is no other viable political vehicle available if America is to be saved from the globalists and their FTX type nation destroying lures.


12 posted on 11/25/2022 8:01:33 AM PST by allendale
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To: JonPreston

Yes. The actual “RINO’s” are the oddballs who want to put the country and people first. The real Republicans are the establishment Republicans.


13 posted on 11/25/2022 8:01:50 AM PST by Tea Party Terrorist (Eat the Rich)
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To: dynachrome

nine paragraphs til you get a dem name

this was a hit on pubs


14 posted on 11/25/2022 8:02:16 AM PST by joshua c (to disrupt the system, we must disrupt our lives, cut the cable tv)
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To: dynachrome

Being a congresscrtter is easy. (1) Vote the party line, (2) Enrich yourself.

It’s so easy John Fetterman can do it.


15 posted on 11/25/2022 8:02:37 AM PST by Fido969 (45 is Superman! )
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To: cgbg

No question.


16 posted on 11/25/2022 8:03:46 AM PST by Liz (Vox Populi, Vox Dei (voice of the people is the voice of God))
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To: dynachrome
4 ‘pubs, 4 rats

= 8 pubrats

17 posted on 11/25/2022 8:08:08 AM PST by cpdiii (CANE CUTTER-DECKHAND-ROUGHNECK-OILFIELD CONSULTANT-GEOLOGIST-PILOT-PHARMACIST)
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To: dynachrome

Yes, but it was bipartisan.


18 posted on 11/25/2022 8:08:59 AM PST by Tommy Revolts
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To: dynachrome

Look at who is funding them. Guaranteed you’ll find the money trail.


19 posted on 11/25/2022 8:11:36 AM PST by FLT-bird
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To: dynachrome

The problems were visible in April when they went to the Bahamas and the fleecing began.


20 posted on 11/25/2022 8:11:54 AM PST by ImJustAnotherOkie
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