Posted on 11/21/2024 1:35:08 PM PST by george76
Let's all be clear on one thing. Gary Gensler is evil. He should never again have a position of influence, power, or consequence.
Any company, university, or organization that hires or works with him post-SEC is betraying the crypto industry and should be boycotted aggressively. This the only way to prevent this kind of misuse of government power from happening again in the future.
Gensler’s behavior can't be explained away as a good faith mistakes. It was entirely thought out, intentional, and purposeful to fulfill his personal, political agenda at any cost. Even if this meant nuking an industry, tens of thousands of jobs, people’s livelihoods, billions of invested capital, and more. Ironically, his sociopathic ambition ended up torching his own political party.
No amount of apology can undo the damage he has done to our industry and our country. This type of person has no place at any institution, big or small. Americans have had enough of their tax dollars going towards a government that is supposed to protect them, but instead is wielded against them by politicians looking to advance their careers. It's time for this pathology to be stopped once and for all. Onward!
...
Let’s not let Elizabeth Warren off the hook.
...
Gary Gensler is a puppet.
The corrupt SEC is the 4th shadow wing-arm of the US Fed.
Gary Gensler was told to follow orders and he followed them well.
He will get hired at a big place later on, because he played ball for the Dark side.
The Deep State underestimated the civilian population this time.
They’ll continue their evil in the next presidential term.
“Betraying the crypto industry” is hardly a crime.
Gary S. Gensler is an American government official and former Goldman Sachs investment banker serving as the chair of the U.S. Securities and Exchange Commission.
Crypto-currency seems to have a lot of supporters here on FR. To me though, something about the entire setup looks shady. It looks like it’s being set up for an old-fashioned pump-and-dump.
His resignation notice was the best news of the day.
The guy is a world class d-bag.
Yeh, shut up all you muppets. He’s totally legit.
I appreciate your opinion on this. But it’s been pumping and dumping for ten years. I don’t think the people who started this are waiting for the big opportunity to screw a lot of people! That would have happened by now.
Yes, there are a lot of crypto currencies that are sketchy. But there are thousands of penny stocks that suck too.
The buyer needs to be aware. I don’t need the SEC, Gensler, and Liz Warren “protecting” me.
I wonder how much he was involved in structuring SBF’s FTX crypto scam that pumped millions of UKE aid funds back to US pols??
neither SBF, nor his girl friend, caroline eddison had the brains, experience or skill sets to pull this off by them selves.
Thanks.
I had never heard of him.
Correct
I hate him and have a bunch in BTC, SOL and ETH among a few others and I agree.
It was/is an industry rife with thieves and fraud of every kind.
The house and senate wouldn’t pass regulations or even decide if crypto is a security or commodity.
That doesn’t mean gary should have made up his own rules as he went along.
But I dont want a new SEC head that is going to be blind to the crimes committed.
That just makes me lose money in the long run
“Crypto-currency seems to have a lot of supporters here on FR. To me though, something about the entire setup looks shady. It looks like it’s being set up for an old-fashioned pump-and-dump.”
It’s just another fiat currency, just like the dollar. It has no value, other than scarcity and peoples’ mutual agreement that it has value.
In a way, it’s more valuable than the dollar, in that the Democrats can’t print more of it at will. It’s supply in inherently limited.
All cryptos should be 100% backed by and tied to a hard currency, or illegal.
“It’s supply in inherently limited.”
Famous last words...
Lol.
I guess.
But, by it’s very design, BiCoin has a finite number of “tokens” that can be made, and each iteration requires more effort to make.
BitCoin wasn’t supposed to be a currency. The article and it’s creation was more of a commentary of the meaningless nature of fiat currency than anything.
How many of you would sell your paid-up house for a small quantity of Bitcoins?
You could say the same thing about the stock market...
I know it is the theory.
I just don’t believe it.
In a future world of AI the system can and will be beaten.
“the dollar”
“THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE”
“Gary Gensler is evil.”
Yeah, and he’s ugly too.
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