Posted on 11/14/2022 5:24:06 PM PST by Enlightened1
Gary Gensler’s controversial tenure as chairman of the Securities and Exchange Commission could reach peak drama over a 45-minute Zoom call with Sam Bankman-Fried, the former crypto wunderkind at the center of the largest debacle the $1 trillion digital coin industry has ever witnessed.
On March 23, some eight months before Bankman-Fried’s crypto empire collapsed and was forced into bankruptcy, Gensler granted what some crypto players are calling an unusual meeting to the then-billionaire and prolific fundraiser for Democratic candidates, including his boss, President Joe Biden.
Even before the FTX imbroglio, Gensler mounted an aggressive and, some would say, controversial regulatory assault on the crypto business. In public comments, he has stated most digital coins qualify as unregistered securities, and thus creators could face sanctions similar to those sought from executives of Ripple who face an SEC lawsuit over the unregistered issuance of their native coin XRP.
While exchanges such as Coinbase, Binance, and Bankman-Fried’s FTX process crypto trades for customers, they operate in a regulatory gray area without explicit SEC approval, thus opening management to possible sanctions.
Now some crypto players and Gensler’s critics in Congress are questioning why he missed the FTX debacle and recent bankruptcy amid his sweeping crackdown. At issue: A meeting between Bankman-Fried and Gensler where they discussed an idea for a new SEC-approved crypto trading platform. If approved, the former FTX chief would have received a jump-start on the competition with a trading platform explicitly meeting the SEC standards, people with direct knowledge of the matter told Fox Business.
(Excerpt) Read more at foxbusiness.com ...
wicked people flock together
Trump ☑️
Vs
Executive Order 12631
signed on March 18, 1988,
The President’s Working Group consists of
1. Secretary of the Treasury
2 Each chairperson of the Board of Governors of the Federal Reserve System
3. The Securities and Exchange Commission (SEC)
4. Commodity Futures Trading Commission (CFTC).Nov 11, 2021
The SEC missed on purpose.
Missed it by that much. Sorry about that, chief.
Sorry but this just looks like a CIA op designed to put Crypto monopoly in the Hans of Chase.
How can this be?
All the crypto-experts here tell us that blockchain blah blah blah is so secure?
There’s a daughter/sex connection with the SEC or Goldman.
The Democrats created a pseudo blockchain Exchange and token to lauder U.S. taxpayer money through.
The Exchange FTX used a token called the FTT that had no utility, and was printed out of thin air.
What’s scary is the SEC Chairman was protecting FTX while going after real cryto currencies they could not control that solve real world problems and empower people.
So looking forward to see Crypto collapse - along with Joe Rogan and that Barstool guy.
“real crypto currencies . . . that solve real world problems and empower people”
Yeah, keep believing that and I have some wonderful Dutch tulips to sell you.
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