Jungle Inc - covering GG's, you can trust the SEC BS

[HAL1000]

There are zero legal experts who will tell a crypto company, to engage with the SEC in any way shape or form, hey GG NOBODY BUYS YOUR BS.

I will always refer to this clip:-

when it comes to showing just how two faced the SEC is. This clip should be handed to the judges in the case and Gary f'ing Gensler, any normal human would say case closed, but two faced narcissistic Gensler would argue that 72,500+ INVESTORS and this video evidence is meaningless, because HE and his string pullers say so. CRIMINALS come in many forms, but the biggest criminals are always at the top. From Putin, Hitler, Stalin, I'm adding GG to the list, just because the above clip shows, he's full of BS, sorry I'm having a bad day and need to rant. GG you're a scumbag and a puppet, protecting investors is the last thing on your mind.

ALWAYS KEEP IN MIND, THAT THE SEC COMMISIONER IN THE ABOVE CLIP, WAS TALKING TO RIPPLES CHEIF LEGAL OFFICER, I THINK STU SUMS UP THE CURRENT SITUATION PERFECTLY...

Edited September 9, 2022 by HAL1000

[JASCoder]

JFYI, Matt Levine's newsletter today covered Gary pretty well

An excerpt... 

Quote

On the other hand I also wonder what Gensler thinks he is doing here. From that same speech:

Quote

 

Joseph Kennedy, the first Chairman of the SEC, had a saying: “No honest business need fear the SEC.” …

I’ve asked the SEC staff to work directly with entrepreneurs to get their tokens registered and regulated, where appropriate, as securities. ...

Given the nature of crypto investments, I recognize that it may be appropriate to be flexible in applying existing disclosure requirements. Tailored disclosures exist elsewhere — for example, asset-backed securities disclosure differs from that for equities.

 

Really? I think that this understates the difficulty in “applying existing disclosure requirements” to crypto, and overstates how helpful and nonthreatening the SEC is to honest crypto businesses. The SEC has been suing crypto projects for illegally issuing securities for about five years now, but in that time it has not issued any rules, or proposed any rules, or put anything on its rulemaking agenda, about adapting the securities disclosure rules to crypto projects.

 

Edited September 9, 2022 by JASCoder

[HAL1000]

https://www.bloomberg.com/opinion/articles/2022-09-08/gary-gensler-wants-to-regulate-crypto

I see an entire industry screaming in GG's face, Investors screaming in his face, legal experts screaming in his face and an entire planet full of crypto developers scared to develop anything that interacts with Americans when it comes to blockchain, GG is a menace to everyone, and needs to go. He is a power mad bastard who will be seen in history, as one of the most corrupt officials the world has ever seen. Can't wait for the movies Gary, you will be portrayed as the Evil character you really are.

[JASCoder]

43 minutes ago, HAL1000 said:

Can't wait for the movies Gary, you will be portrayed as the Evil character you really are.

And Jay. We can’t forget Jay. 

[Benchmark]

3 hours ago, JASCoder said:

And Jay. We can’t forget Jay. 

Jay will be played by Dwayne 'The Rock' Johnson.

[PlanK]

I can see them re-animating the Gollum character for GG.

Jail Clayton could be played by an actual rock, with lipstick and a wig on it.

 

[WarChest]

12 hours ago, HAL1000 said:

.He is a power mad bastard who will be seen in history, as one of the most corrupt officials the world has ever seen. Can't wait for the movies Gary, you will be portrayed as the Evil character you really are.

Those that hold Positions of that ilk are not given free reign. 
The incumbents are appointed with a brief, a set of goals.

The money men that give out these jobs are pulling the strings. If this SEC chair didn’t carry out orders, the role would be given to another.

 

[HAL1000]

1 hour ago, WarChest said:

Those that hold Positions of that ilk are not given free reign. 
The incumbents are appointed with a brief, a set of goals.

The money men that give out these jobs are pulling the strings. If this SEC chair didn’t carry out orders, the role would be given to another.

 

Without a doubt, but he was also seen as pushing for power beyond his remit at the CFTC, Gary is a climber and does not seem to care about the little people, he is paid to protect, no matter what role he is appointed to.

I think JH sums him up:-

 

Edited September 9, 2022 by HAL1000

[WarChest]

If that was the brief, if not, there would be intervention from above, Otherwise the position would be re-advertised.