Are you hungry? Because we have a perfect roast for you. Gary Gensler roast.
Interested in Crypto Retirement Accounts? Check out iTrust Capital!➡️
💱 Use this link to trade with us on BitGet, an exchange that puts users and security first. ➡️
₿ Join The BitBoy & BitSqud @ Bitcoin Miami 2023, May 18-20! Receive 10% off your tickets by clicking on this link & using code BITBOY ➡️
Join The BitBoy & BitSqud August 24-26th in Denver, CO! Receive 10% off your tickets by clicking on this link, creating an account & using code BITBOY10: ➡️
NEW to crypto or NEW to the channel, join the BitSquad:
📚 Grab My Book ➡️
📚 Learn more about crypto ➡️
📈 BitLab Trading Suite | Get access to the best trading indicators ➡️
Protect Your Crypto in Cold Storage:
💳 BC Vault Cold Wallet ➡️
💳 Ledger Cold Wallet ➡️
💳 Trezor Cold Wallet ➡️https://bitboycrypto.com/deal/trezor
BitSquad Tools:
🧾 Need crypto tax help? GET 10% off CoinLedger tax tracking services with code: BITBOY ➡️
🔬 Research with Token Metrics ➡️
⚙️Lux Algo Trading Tool ➡️
🛠 Market Cipher Trading Tool ➡️https://bitboycrypto.com/deal/marketcipher
Represent Your Crypto Squad:
👕 Best Crypto MERCH ➡️
Come Stake On-Chain with The BitSquad:
🧐 How to join Cardano (ADA) BitPool ➡️
●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
Connect with Me & the BitSquad!
Join Me on Twitter ➡️
Join Me on Instagram ➡️
Join Me on TikTok ➡️
Join Me on Rumble ➡️
Join Me on Minds ➡️
●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. Never keep your entire portfolio on an exchange.
#bitcoin #ethereum #crypto #news #nft #economy #money #blockchain #invest #inflation #cardano #cryptocurrency #xrp #litecoin #dogecoin #shibainucoin #world #asia #americas #europe #middleeast #africa #southafrica #unitedkingdom #france #brazil #argintina #mexico #spain #korea #india #germany
Welcome to Big Boy crypto my name is Ben And today we're roasting Gary Gensler [Music] [Music] [Music] All right guys so we're gonna be Roasting gear against our today which It's not very difficult to do to be Honest with you Um I don't know my wife told me to to Roast a moose it takes like 10 to 12 Hours to roast a deer it's like eight Hours to Rose Gary ginsler it's only Going to take us like 10 minutes so Let's get into it this is uh John Kennedy I followed your career you've Had a lot of career in public service Uh you've made a lot of money on Wall Street I respect that Prospective Banker who's made a lot of Money on Wall Street who's now regulator Hmm Honor that But as to the to the people and the Companies that you regulate As chairman of the SEC do you consider Yourself to be their daddy no this Question is hilarious because it is the Way that Gary ginsler comes off that He's everybody's Daddy but we all know There's only one person out there in Politics who he is called daddy by and That's of course Pocahontas Elizabeth Warren no no then why do you act like it
I try to uh take the oath of office uh Seriously that the SEC is set up to such A fraud promote investor protection and Facilitate Capital formation and that Which is in the middle but but why do You impose Your personal preferences About cultural issues and social issues On companies and they're cut and Therefore their their customers and Their workers like like climate change In the second did you see the way Gary Gilbert was already he was already like Like what like what like like John Kennedy didn't come prepared with the Receipts we always come with receipts Gary you left too many thrown around I Mean I'm sure you have you have personal Feelings about abortion Do you have plans to implement or or Impose those values on companies so I Want to thank you for the compliment you Gave me and I followed your career and Have the deepest respect for you too sir I think that I am not doing that I think What I've I've been you see how he Butters him up before he says you're Wrong If investors want information about Climate risk and it looks like tens of Trillions of dollars of assets under Management of asking we at the SEC have A role to put something out to notice And comment do the economic analysis
And really see what investors are saying Um uh it's really in that narrow set of Chalk lines interesting he says chalk Lines because everything he does is foul Not fair of course but if you really Look at what he's saying here he's Talking about Investors Gary Gilbert Doesn't stand for investors at all he Only stands for the banks nothing he Does is to protect investors he thinks You're an idiot and when he says Investors he means AKA retail investors AKA done money AKA You AKA idiots that's What he's talking about now that of Course was famous because it was where He asked you know why are you trying to Be everybody's daddy now let's go to the Hearings the other day uh from the Hearing for the house finance committee So let's go and see what McHenry had to Say to is about ethereum of course is Anticipating a profit based on the I'm Asking a specific question chair Gensler I said this in private when a man with a Bow tie comes at you like this and you Can't stand up to him you're weak AF This should be no shock to you I'm Asking this question is it an is ether a Commodity Or security and again it depends on the Facts and the law and if there's a group Of it I'm asking about the facts in a Law sitting in your seat and the Judgment you are making and so uh Mr
Chair I think you you would not want me To prejudge because you have prejudged On this you've taken you've taken 50 Enforcement actions we're finding out as We go as you file suit as people get Wells notices on what is a security in Your view and your agency's view I'm Asking you a very simple question about The second largest digital asset what is Your view and my view is if there's a Group of individuals in them he can't Answer the question look guys this is The first of many Gary gims or videos We're going to do I'm sick of this guy I'm about to squash this lizard with my Boot a hundred percent I want the gut Spewing everywhere you guys know that You stepped on a lizard on accident you See the guts we probably won't see Anything but uh sacrificial children's Blood running out of Gary ginzer of Course that's the way he stays young but The point here is is that he can't Answer the most simple simple question He says there's so much Clarity Everybody knows what ethereum is the Security laws clearly laid it out but he Can't answer the question and in a later Video we're going to be taking a look at What he said at the MIT blockchain Course that he specifically said that Ethereum was too decentralized to be Considered a security he's already said It now he says there's Clarity it
Doesn't make any sense in the middle That the public isn't all right so let Me just ask a second question do you Think it serves the market for an object To be to be viewed by the Commodities Regulator as a commodity and this jury's Regulator to be viewed as a security do You think that provides uh safety and Soundness for for for the product do you Think it provides consumer protection do You see do you think it serves the value Of innovation I think no should be a very simple Answer for you here duh I think that Uncertainty is bad is it not and I think That Congress has said that there's one Agency that secured as an Exchange Commission under this committee you Won't answer my question and you're the Head of that agency so give me a break Come on what a joke he can he can't Answer the most simple of all questions Uh it's so ridiculous that this is the Guy that's in charge of this agency and When he says well you know who should be Making the decisions he says obviously The agency why don't you just say me me Me me me Gary why don't you say it just Say it I'm answering it in the generic Because you would not want me to speak About any one set of facts and Circumstance okay no he's literally Asking you about one set of facts and Circumstances he's literally asking you
That it's ridiculous but you've already Spoken have you said anything about Bitcoin Uh if my predecessors and the agency Itself has spoken to them okay but You're not willing to do this his Predecessors have already spoken about Ethereum as well William himman spoke About Bitcoin and ethereum that's why It's so ridiculous that's why you can't Trust anything that this guy has to say Foreign [Music] [Music] Whip Um uh has to say here Tom emmer to Gary Gizzler I think my public record shows Too you met it with FTX at least twice And arguably the second biggest crypto Failure in history was Terra Luna who Was the chairman of the SEC when Terra Luna collapsed sir we had brought Andrew Reclaiming my time you were boom there Are five members on the commission do You believe your speeches and interviews Are to serve as the official position of The SEC There I can only speak for myself when I'm speaking again sir that's what he Freaking Cul-de-sac In a statement on the SEC website you Are quoted saying the Kraken staking as A service enforcement action should make
Clear to the marketplace that staking as A service providers must register but Again you haven't provided any rules for How that can be done I must remind you Your public statements are not Regulations it's not responsible to Expect the American people to assume Your statements are a substitute for Rules do you agree with this statement Regarding the digital asset industry the SEC needs additional Congressional Authorities to prevent transactions Products and platforms from falling Between the regulatory crafts I think that it's a non-com largely Non-compliant field sure again it's Weird because he says in the MIT course Three-fourths of all crypto are already Considered by the SEC to not be Securities and now he says the majority Are absolutely makes no sense I asked You to comply with my uh questions and I'm asking you if you agree with that Quote and I I'm going to tell you I'm Quoting you from an August 3rd 2021 Article where you uh and I believe you Told uh Congressman Hill earlier that You need Congressional authority to Regulate stable coins and stable coins Happen to be a significant percentage of The crypto market so the question is When were you telling you look like Gary Ginsburg Mr Hill or to me you've got to Start answering these questions in a
More uh transparent manner sir does it Concern you by the way that Evia was Transparent you'd have to tell the truth Which this man is not capable of Your approach to the digital asset Industry is actually driving this Industry out of the United States we're Trying to drive it to compliance and if They're not complying with the laws then They shouldn't be offering their Products reclaiming my time uh Madam Chair I would like to enter into the Record this Wall Street Journal article From April 14 2023 detailing China's Ploy to open its banking system to Crypto firms in an effort to seize an Opportunity created by our hostile Regulatory environment which uh Mr chair You're a big part of without a rejection Chair Gensler FTX was domiciled abroad And so is binance he had American Consumers still had access to both you Can't really think that pushing this Industry abroad is going to protect American consumers when it hasn't Several times in the past on your watch Boom you say the crypto Market is Incompetent there's no question about it Either a crook or incompetent there's Nothing in the middle with Non-compliance however existing SEC Rules make no sense for blockchain-based Companies and following them but Actually kill these businesses your
Regulatory style lacks flexibility and Nuance and as a result you've been an Incompetent cop on the beat boom there You go that's all that needs to be said Incompetent cop on the beat all right Let's move on let's check out the very Last one this is Byron Donald's and Probably my favorite one critiquing Gary Ganzor as the CFO Of Hillary Clinton's 2016 campaign so This is Byron Donald this is my very Favorite politician in Washington I love This guy he's phenomenal he's out of Florida might be a great vice president Pick for the Sanchez or for Trump he's Already said he supports Trump but let's See what he had to say to Gary ginsler About Gary gizzard usurping Authority he Also had some great comments on his role As CFO for the Hillary Clinton campaign Back in 2016 you can go check out those Two we might do those on another video You said earlier in another line of Questioning uh that the players in the Digital asset space don't have a choice Um that they have to comply with the Rules but once again Congress has never Given you a framework for regulating Digital assets where are you pulling That one from with all respect sir we Disagree on this oh I can see we Disagree a lot chairman because we're Not giving you Authority you're just Taking it I think that's that's part of
The issue right now with all respect Congress paying you with it you see he's Usurping Authority that's what he's Doing he's taking whatever he wants Claiming it for his that's not the way The system works and Byron Donald's Calls him out for it Rod brush when they Set up the SEC and I or Thurgood Marshall which is one of the great Congress painted with a broad brush in 1933 in 1934 not in 2023 we've not Touched that it's a new industry one Last quick question Because I'm concerned about your agency You have some of the highest turnover Amongst the agencies do you think you Have the manpower to actually regulate Digital assets considering all the other Rulemaking you're engaged to we actually Have six to seven percent turnover which Is consistent with the other Federal Finance I would disagree OPM would say Otherwise chairman real quick last Question I think it might have came up You were Hillary Clinton oh he mentioned It look at this It's part of my history were you yes or No let's go and do this in 2016. did you Facilitate the payment for the steel Dossier since you were CFO of the Hillary Clinton campaign Yes Or no That that was that was not that's a 16
Year old kid that just got caught Smoking pot by his mom and his mom asked Him if he's been doing drugs This man's high on his own Supply Chairman Gensler yes I know it was not Something I was aware of I yield back the rest of my time thank You chairman one word boom there you go Go ahead and mix in some potatoes and Some carrots because this man's goose is Getting cooked roasted [Music] All right [Applause] [Applause] [Music] Foreign [Music]