Good video about SEC vs crypto

[djdhrubs]

 

Apologies if posted here before.

[HAL1000]

Everybody in the USA will have to register with the SEC so as to trade in crypto, if GG gets his way, asshat indeed.

This is why the SEC must be put back in its box.

Edited September 3, 2021 by HAL1000

[HAL1000]

Un F'ing real - I had no idea, did you:-

Shana Diane Madoff, sometimes referred to as Shana Madoff Skoller Swanson, is an American former attorney who is now a yoga teacher. She is the daughter of Peter Madoff, and a niece of Bernie Madoff, who employed her as a compliance officer and attorney at Bernard L. Madoff Investment Securities from 1995 until 2008.

https://en.wikipedia.org/wiki/Shana_Madoff

In 2007, she married Eric Swanson, a former Assistant Director of the Office of Compliance Investigations and Examinations at the U.S. Securities and Exchange Commission (SEC). She and Swanson met originally in April 2003 when the SEC performed an inadequate examination as to whether Bernie Madoff was front running customer orders—completely missing the multibillion-dollar Ponzi scheme that her own cousins (Bernie's sons) would expose in December 2008.

No criminal charges have ever been filed against her for her potential role in the Madoff investment scandal. In 2015, U.S. Marshals auctioned 420 lots of assets belonging to Shana Madoff and her father Peter, pursuant to a court order.

For those who don't know or not old enough to be familiar with the story:-

https://en.wikipedia.org/wiki/Bernie_Madoff

WOW, no wonder the SEC couldn't catch him!

 

Edited September 3, 2021 by HAL1000

[Julian_Williams]

I do not follow Guy because in the past he has failed to do teh research on XRP and in the past has shown his ignorance - but by jumbo this is good summary of SEC and SEC politics.  Well done Guy for putting this out.

SEC is all about protecting the banks, rather than serving the public.  SEC will lose because the world are against SEC.  But SEC has, and will continue to hamper the US chances of being a leading crypto nation.

Edited September 3, 2021 by Julian_Williams

[HAL1000]

Yet another delicious SEC / JC factoid:-

https://www.rollingstone.com/politics/politics-features/trump-sec-pick-jay-clayton-connected-to-mysterious-firm-128508/