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 ...
Maxine Waters is on the banking committee....rec’d campaign bucks from FTX.....
and is seen on a Fox video blowing kisses to mop head Fried.
*************************************
FTX owned an $11.5 million stake in a tiny rural bank in
Washington state with just 3 employees, bankruptcy hearing shows
Business Insider via MSN ^ | November 24, 2022 | By Pete Syme
Posted on 11/24/2022, 9:21:19 AM by Oldeconomybuyer
* Farmington State Bank had 3 staff and was the 26th-smallest bank in America out of a total 4,800.
* Then FTX bought an $11.5 million stake in the bank, it has emerged during FTX’s bankruptcy case.
* That stake was more than twice the bank’s previous net worth.
The town of Farmington has just 146 residents, and is so small that Google Street View doesn’t cover the whole town.
For a decade, Farmington’s bank held around $10 million in deposits. In the third quarter this year, deposits jumped to $84 million – 85% of which came from just four accounts, according to FDIC data cited by the Times.
Online, the bank now appears as “Moonstone Bank,” a name which was trademarked a few days before FTX’s investment. Moonstone doesn’t mention cryptocurrency, but does say it wants to “support the evolution of next generation finance.”
Questions are being asked over how FTX got federal approval to buy its stake in Farmington. Banking veterans told the New York Times that it was hard to believe regulators would have knowingly allowed the crypto firm to do so.
(Excerpt) Read more at msn.com ...
what a total POS this Emmer is
> Republicans have become the enemy of the people. <
Yep. At least the Democrats have the decency to be open about it.
Most Republicans, however, will stand next to a flag while holding the Constitution in one hand and a stack of bribe money in the other. Please ignore the bribe money.
Oops! I shouldn’t have said “bribe money” there. I should have said ”totally legal campaign contributions” instead. I’ll try to be more careful next time.
“Rep. Tom Emmer (R-MN), whom the Republican caucus just elected as majority whip“
There you go.
FTX founder Sam Bankman-Fried donated thousands to House committee members who will investigate him
FOX Business ^ | November 19, 2022 | Timothy Nerozzi
Posted on 11/20/2022, 7:01:35 PM by george76
Nine members of House Financial Services Committee received donations from Bankman-Fried, other FTX employees
...
Members of the House Financial Services Committee have received hundreds of thousands of dollars from Sam Bankman-Fried and others at his now-bankrupt cryptocurrency company FTX.
...
Bankman-Fried was a major contributor to Democratic candidates during the midterm election cycle, funneling most of his donations through a political action committee called Protect Our Future PAC.
...
Bankman-Fried funneled an estimated $262,200 to Republicans throughout the 2021-2022 election cycle, according to FEC records. His contributions to Republicans paled in comparison to the nearly $40 million he contributed to Democratic campaigns but still represented a significant sum
...
When asked whether Democrats who received campaign cash from FTX should give it back, committee chairwoman Rep. Maxine Waters said, “Well, I don’t want to get into that. As a matter of fact, both sides, Democrats and Republicans, have received donations. So thank you.”
...
On Wednesday, Bankman-Fried was hit with a class action lawsuit filed by investors alleging that he and other high-profile celebrities – such as legendary NFL quarterback Tom Brady and NBA star Stephen Curry – violated Florida law and made consumers suffer more than $11 billion in damages.
(Excerpt) Read more at foxbusiness.com ...
Thank you for the list.
And all 8 are Deep State.
FTX founder Sam Bankman-Fried opened a “bank” (a crypto exchange), accepted deposits of real money, helped himself to customers’ deposits without their knowledge, and then distributed mountains of cash to friends and, more importantly, Democratic coffers. Indeed, Bankman-Fried ranked as the Democratic Party’s second-biggest individual donor in the 2021–2022 election cycle, pumping an estimated $40 million into various Democratic campaigns and activist groups.
ACTION Among the evidence we seek
<><>all docs and communications among employees or agents of the DNC, and FTX donor list
<><>any and all references relating to the Biden Administration’s control, transfer, storage, or other handling of documents subject to FTX donations.
MUST INCLUDE ALL OF BIDENS MEMOS, NOTES, SNAIL MAIL, EMAIL, CALENDAR NOTES, OFFICIAL ORDERS WRT FTX DONATIONS.
All communications records between BIDENS office and RELEVANT PERSONS SUCH AS OBAMA, THE CLINTONS PELOSI, in connection with FTX.
The FOIA request should seek
all calendar entries,
phone messages,
text messages,
emails,
encrypted app chats,
letter correspondence
long-distance toll records
made from relevant dates.
Office of Information Policy (OIP)
U.S. Department of Justice
441 G St, NW, 6th Floor
Washington, DC 20530
E-mail: National.FOIAPortal@usdoj.gov
I’m sure some or all got a boatload of cash from dirty sam
Lets hope that FTX guy spills the beans on them all before they silence him
The Dems and GOP are working together to bring about the collapse of the Dollar and move to digital currency, these people are working for the NWO cabal..
If these 8 had any honor they would immediately resign.
There’s definitely a movement to undermine fiat currencies. It’s not surprising the movement includes members of congress who only see dollar signs and not the bigger picture
Most in Congress are compromised and the new faces will soon be, need an example look at what happened to the Tea Party members elected to Congress, as within a year you could barely make them out..This whole currency business is bigger than the Parties and extends World wide.
The deep state is DC. Go there with good intentions and they’ll create dirt on you for control. The deep state started with Intel heads from various countries in post WWII Germany. Gen Patton didn’t get along with the Russian heads. He left there dead.
Follow the money!
Questions are being asked over how FTX got federal approval to buy its stake in Farmington. Banking veterans told the New York Times that it was hard to believe regulators would have knowingly allowed the crypto firm to do so.”
The company was designed to be a dem/leftist money generator. It worked well…until it didn’t. Right after the election. Interesting.
Feds can only destroy crypto.
Disgusting. Cryptocurrency is a CCP plot to overturn tune dollar and replace it with currencies they control secretly. They’ve been greatly aided by globalist westerners who have been creating Ponzi schemes against retail investors.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.