Jump to content

Kevin O'Leary has lost the plot...


HAL1000
 Share

Recommended Posts

No Mr Wonderful, SBF and GG where trying to setup yet another monopoly attempt, just like JC and Bill Hinman did, with ETH gate.

The SEC, the regulator that likes to say yes to bribery and corruption...

TRYING TO PIN THIS ON CZ AND BINANCE, IS A VERY SLEAZY MOVE KEVIN.

Fj4DaWuXkAAJUMZ?format=jpg&name=medium

I think the USA needs a reality check, GG and his kind of friends are the problem, not the solution.

ETH GATE / SBF / FTX - THE SINISTER ENFORCEMENT CARTEL IS THE COMMON CRIMINAL ENTERPRISE.

It's a sad day for America, if GG doesn't join his pal in jail

Edited by HAL1000
Link to comment
Share on other sites

41 minutes ago, HAL1000 said:

No Mr Wonderful, SBF and GG where trying to setup yet another monopoly attempt, just like JC and Bill Hinman did, with ETH gate.

The SEC, the regulator that likes to say yes to bribery and corruption...

TRYING TO PIN THIS ON CZ AND BINANCE, IS A VERY SLEAZY MOVE KEVIN.

Fj4DaWuXkAAJUMZ?format=jpg&name=medium

I think the USA needs a reality check, GG and his kind of friends are the problem, not the solution.

ETH GATE / SBF / FTX - THE SINISTER ENFORCEMENT CARTEL IS THE COMMON CRIMINAL ENTERPRISE.

It's a sad day for America, if GG doesn't join his pal in jail

We are judged by the company we keep. Hopefully judged, found guilty and jailed.

Link to comment
Share on other sites

Emmer says

"We know that chair Gensler had more meetings with FTX than anyone else in the crypto industry. We understand that what was being negotiated was a framework for digital asset exchange registration and token registration with the SEC that would benefit both parties. It would expand the SECs jurisdiction in exchange for the SECs preferential treatment of FTX over other industry participants."

Is this true? It sounds true.

 

Link to comment
Share on other sites

41 minutes ago, elias said:

Emmer says

"We know that chair Gensler had more meetings with FTX than anyone else in the crypto industry. We understand that what was being negotiated was a framework for digital asset exchange registration and token registration with the SEC that would benefit both parties. It would expand the SECs jurisdiction in exchange for the SECs preferential treatment of FTX over other industry participants."

Is this true? It sounds true.

 

My understanding is that this is the other way. SBF was trying to make this happen. Gensler has been resisting. Emmer is playing politics.

Link to comment
Share on other sites

1 hour ago, elias said:

Emmer says

"We know that chair Gensler had more meetings with FTX than anyone else in the crypto industry. We understand that what was being negotiated was a framework for digital asset exchange registration and token registration with the SEC that would benefit both parties. It would expand the SECs jurisdiction in exchange for the SECs preferential treatment of FTX over other industry participants."

Is this true? It sounds true.

Play vids in the first post, the truth is that these people in DC loved SBF, he was their chosen one, they even blew him kisses...

GG would not meet with the CEO of Coinbase Brian Armstrong, despite several requests, but SBF

Fj3QN5pXgAAh-St?format=jpg&name=small

WHY?

I CAN THINK OF MILLIONS OF REASONS, HOW ABOUT YOU?

LIKE I SAID, WHO DO YOU HAVE TO BRIBE, TO GET ANYWHERE WITH THE SEC AND FRIENDS?

I'M SURE GG / BILL HINMAN / JC AND OTHERS KNOW THE ANSWER.

Link to comment
Share on other sites

FTX caught depositing 8 billion dollars of customer money into secret accounts

In a move to protect SBFs hedge fund from losing billions software code was altered.

Sam Bankman-Fried owned Alameda Research, a hedge fund heavily invested in FTX. In move to make sure the hedge fund assets were never sold off, when FTX began to have issues, an engineer secretly changed software code in the FTX system. The software would have sold off all Alameda Research assets, just like any other companies that were owned, in the case of FTX filing for bankruptcy.

https://interestingengineering.com/culture/ftx-caught-8-billion-dollars-secret-accounts

Link to comment
Share on other sites

10 hours ago, Ripley said:

My understanding is that this is the other way. SBF was trying to make this happen. Gensler has been resisting. Emmer is playing politics.

It does look like FTX was getting preferential treatment.

But I would have thought negotiating for preferential treatment was illegal, why would Gensler need to resist?

Link to comment
Share on other sites

3 hours ago, elias said:

It does look like FTX was getting preferential treatment.

But I would have thought negotiating for preferential treatment was illegal, why would Gensler need to resist?

Because almost all regulation starts with an industry player reaching out to the regulators first. Regulatory support is the biggest moat for any enterprise. 

We get good regulatory outcomes when both parties have the greater good in mind. Well defined regulations dramatically expand the user base of any market, and it makes that market highly viable for profitable ventures.

However, bad regulatory outcomes happen all the time. Just a couple of examples:

  1. GDPR (those "accept cookies warnings that you get") is a bad regulatory outcome from Europe. The goal was to protect privacy. But the outcome was to make it so strict that only the richest companies can adhere, thereby reducing competition and making it much harder for small companies to enter into Social Media or online publishing. This is almost definitely a result of negotiations between Google/Facebook/Twitter/Apple/Amazon etc. It is also bad user experience that we are all stuck with. 
  2. Preferential Ethereum Treatment is a bad outcome from the U.S. a16z and Consensys went beyond trying to get regulatory clarity for the industry. Instead, they got clarity for themselves and closed the door on everyone else. The SEC, instead of promulgating the typical rule formation process, just hid behind a quasi-speech that was not binding but at the same time gave significant advantage to Ethereum.

Most companies that you know of, including Ripple, Coinbase, Kraken, etc. definitely must reached out to the SEC for clarity, for no-action letters etc. The SEC works for the public and for the industry, to help support fair markets. They will meet people. They will have meetings. That doesn't mean that the private parties are successful.

Btw, how many times do you think CFTC met with SBF? People seem to be okay with that because right now, they think the SEC/Gensler is against them and CFTC is for them. 

Edited by Ripley
Link to comment
Share on other sites

3 minutes ago, Ripley said:

Most companies that you know of, including Ripple, Coinbase, Kraken, etc. definitely must reached out to the SEC for clarity, for no-action letters etc. The SEC works for the public and for the industry, to help support fair markets. They will meet people. They will have meetings. That doesn't mean that the private parties are successful.

Really, when you stop be that naive?

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.