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Flywheel of Corruption with G Gensler at it centre?


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Flywheel of Corruption

(Apologies to Hal1000 who is posting these video on a thread of their own)

For those not following the SEC case closely (most of us) time to sit up and catch up.  The new information about Gary Gensler's role in advising SEC just as the Hinamn speech was about to go out is casting new nastier complexation on what lies behind his appointment as Chairman, his character and his objectives.

The stuff that DAI is putting together on a time line (to be seen on John Deaton's Crypto Law website) is now making a huge story with Gary Gensler right at the centre of it all.  The brown nose of JP Morgan and Wall Street with a task to exculpate what cryptologists and retail investors have put together over the years and give it all back into the hands of Wall Street.  It is a big long complex chain of events with many actors - principally we have worked out the probable roles of Lubin, Hinman, SEC, Goldman Sacha & JP Morgan, Clayton and Gensler - all working on what looks like the same long term plan to give everything back to the big boys who control their careers (and enriching themselves in the process).  This is the latest video of many.  Every day the story of what was probably behind SECs attack on Ripple/XRP gets clearer and more obvious.

Fortunately timelines with all this information is being put together by John Deaton, and the media is beginning to smell a juicy corruption narrative (if only they had the wit to work out how to explain it in simple terms).

 

 

link to @HAL1000 thread - The smoking gun videos

 

Edited by Julian_Williams
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14 hours ago, Julian_Williams said:

The stuff that DAI is putting together on a time line (to be seen on John Deaton's Crypto Law website) is now making a huge story with Gary Gensler right at the centre of it all.

Seriously though, never liked DAI much before, but props to him for the investigative work! 

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How different from Ripple's approach

  • Trying o work with the authorities
  • Trying to be regulatory compliant

Eth played it both ends 

  • evading regulatory authorities
  • nobbling the regulatory authorities for a free pass.

 

Yet SEC attack ripple and work with ETH

 

 

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This is very far out, but I can't help but notice some "coincidences" again...

1/ Nexo signed a deal with Fireblocks who control some of the underlying custodial infrastructure.

2/ Jay Clayton worked at Fireblocks since July.

3/ Cassie Craddock just left Ripple for Fireblocks.

4/ Nexo has been one of the last major exchanges to hold back Songbird token release to XRP holders (who had claimed Spark via Nexo), despite recently adding a new token (Solana). They have been oddly vague about the holdup, and hinted that infrastructure (i.e. Fireblocks?) is a blocker... 

TAKE THIS WITH A HUGE PINCH OF SALT! This is completely speculative nonsense and 99% likely to be empty dot connecting. But it's fun! 

Edited by thinlyspread
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59 minutes ago, thinlyspread said:

This is very far out, but I can't help but notice some "coincidences" again...

1/ Nexo signed a deal with Fireblocks who control some of the underlying custodial infrastructure.

2/ Jay Clayton worked at Fireblocks since July.

3/ Cassie Craddock just left Ripple for Fireblocks.

4/ Nexo has been one of the last major exchanges to hold back Songbird release to XRP holders, despite recently adding a new token (Solana). They have been oddly vague about why, and hinted that infrastructure (i.e. Fireblocks) is a potential blocker... why?!

TKAE THIS WITH A PINCH OF SALT! This is completely speculative and 99% likely to be total BS dot connecting. 

I don't quite understand his - but I will try and message DAI on Twitter to let him know.  The labyrinth of insider relationships like a private club  

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23 minutes ago, Julian_Williams said:

I don't quite understand his - but I will try and message DAI on Twitter to let him know.  The labyrinth of insider relationships like a private club  

Like I said, probably nothing. But you never know, maybe Clayton advised Nexo to be careful with Flare/Songbird knowing it was a benefit for holding XRP. Maybe he even thinks they're part of a securities offering... :D 

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22 minutes ago, RipMcGillicuddy said:

It's the same case with Coinbase and Binance among a few other I'm sure too. I'm not even holding my breath that they are going to distribute the FLR that was promised at this point...let alone the Songbird that never came. 

I think they will have class actions against them if they fail to pass on to their customers what is rightfully and lawfully theirs.  And the bad publicity would be very bad for their businesses.

 

eToro are passing on both coins which is a clever bit of brand marketing, but I have to transfer out of eToro to stake or farm them.  eToro automatically stake or farm all ADA investments on their books.

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The other point I wanted to make was that I can't figure out if it is just the SEC case or if there is some deeper reason that Ripple seem to have very little support among American industry peers. Like you pointed out to start this thread, ethereum was very open about skirting the rules, organizing overseas, avoiding regulators...while Ripple was the exact opposite...and yet VISA, JPM and other heavy hitters are happy to stand with ethereum. 

There is just so so little vocal support for Ripple among the crypto/blockchain community, and it's something I have not quite figured out. But it frustrates me. 

Outside of America though, we see new partnerships on a seemingly weekly basis throughout the Middle East and Asia. Today, they officially announced their involvement with the Digital Pound Foundation. So it's great to see this type of support overseas. 

But still absolutely bewildering to me that we see none of it here in America. 

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2 hours ago, thinlyspread said:

This is very far out, but I can't help but notice some "coincidences" again...

1/ Nexo signed a deal with Fireblocks who control some of the underlying custodial infrastructure.

2/ Jay Clayton worked at Fireblocks since July.

3/ Cassie Craddock just left Ripple for Fireblocks.

4/ Nexo has been one of the last major exchanges to hold back Songbird token release to XRP holders (who had claimed Spark via Nexo), despite recently adding a new token (Solana). They have been oddly vague about the holdup, and hinted that infrastructure (i.e. Fireblocks?) is a blocker... 

TAKE THIS WITH A HUGE PINCH OF SALT! This is completely speculative nonsense and 99% likely to be empty dot connecting. But it's fun! 

You’ll probably find that Lending platforms like Nexo probably didn’t have that much XRP on the books for the snapshot as they lend out customer deposits.

Now they have to acquire SGB on the secondary market to satisfy their customers.

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46 minutes ago, Julian_Williams said:

I think they will have class actions against them if they fail to pass on to their customers what is rightfully and lawfully theirs.

That only works in markets where regulators actually make rules and people abide by them. Crypto is not part of that yet. Why not ask the SEC to sue those exchanges that are not handing out free tokens? And whilst you're at it, why not ask the flare finance team to disclose their identities since the exchanges will be wanting to not hand out free tokens from them soon as well.

 

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3 hours ago, thinlyspread said:

This is very far out, but I can't help but notice some "coincidences" again...

1/ Nexo signed a deal with Fireblocks who control some of the underlying custodial infrastructure.

2/ Jay Clayton worked at Fireblocks since July.

3/ Cassie Craddock just left Ripple for Fireblocks.

4/ Nexo has been one of the last major exchanges to hold back Songbird token release to XRP holders (who had claimed Spark via Nexo), despite recently adding a new token (Solana). They have been oddly vague about the holdup, and hinted that infrastructure (i.e. Fireblocks?) is a blocker... 

TAKE THIS WITH A HUGE PINCH OF SALT! This is completely speculative nonsense and 99% likely to be empty dot connecting. But it's fun! 

Nexo is notoriously slow at everything. They only added SOL internally. You can't deposit or withdraw it. They added DOT and ADA months ago and only recently enabled deposits and withdrawals.

Edited by brianwalden
So what I'm saying is it's probably just incompetence, not malice.
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5 hours ago, RipMcGillicuddy said:

There is just so so little vocal support for Ripple among the crypto/blockchain community, and it's something I have not quite figured out. But it frustrates me.

It is my opinion that peers are reluctant to support because Ripple is a threat to supplant their power. They want to retain control, not a level playing field.

Ethereum, besides greasing palms, with its move to POS will allow for the largest holders that run validators to have more control over the network. The exorbitant fees are right up their alley as well.

I wouldn't be surprised one bit if the BTC/ETH community has actively tried to disparage Ripple/XRP throughout the years by any means possible (bots, misinformation, blatant FUD, censorship of ideas, cutting deals with government officials, etc). Lubin chastising Ripple/XRP whilst in bed with the SEC... it all reeks of subterfuge.

 

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