Breaking: US lawmakers file ‘SEC Stabilization Act’ to fire Gary Gensler. (ACT NOW)
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Timestamps:
0:00 – Lawmakers introduce bill to remove Gensler
0:26 – Gensler has done HARM to US Crypto Market!
1:31 – Gary is a KNOWN ENEMY of the crypto space!
2:08 – Gary was crypto-friendly in 2018 at MIT!
3:47 – Goldman Sachs & Hilary Clinton ties!
4:36 – Gary SOLD OUT & LIED about THIS!
6:18 – Bill to remove Gary Gensler! (Act Now)
**Note: My overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. Alts are interesting but a lot more speculative. I use them to accumulate more Bitcoin & Ethereum.
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Breaking news U.S lawmakers have filed What's being called the SEC Stabilization act with the intended Purpose to fire SEC chair Gary Gensler And restructure the SEC agency like this Video engage with this video post this Video all over social media this bill Will have a much better chance of Passing if we get this information out There to as many people as possible Gary Gensler has done much more harm to the Crypto industry in America than good and That's not just me saying that that's Our Representatives the biggest crypto Failure in history is probably FTX at Nine billion dollars were you the Chairman of the SEC when FTX collapsed Yes And how many times did you meet with FTX Prior to their collapse I think my Public record shows two you met it with FTX at least twice and arguably the Second biggest crypto failure in history Was Tara Luna who was the chairman of The SEC when Terra Luna collapsed sir we Had brought uh you were sir reclaiming My time you were does it concern you That your approach to the digital asset Industry is actually driving this Industry out of the United States trying To drive it to compliance and if they're Not complying with the laws you say the Crypto Market is Rife with Non-compliance however existing SEC
Rules make no sense for blockchain-based Companies and following them but Actually kill these businesses your Regular story style lacks flexibility And nuance and as a result you've been An incompetent cop on the beat doing Nothing to protect everyday America if You believe crypto belongs in America if You believe that America deserves to be The tech and Innovation capital of the World if you believe fair guidelines Should be in place for crypto in America Again in page with this video share with A friend SEC chair Gary Gensler is a Known enemy of the crypto space Hucksters fraudsters scam artists Ponzi Schemes we don't need more digital Currency we already have digital Currency it's called the US dollar it's Called the Euro they're all digital Right now we already have digital Investments It's All Digital right now The investing world see Gary Gensler Took the job of SEC chair back in 2021 And at this time we all thought there Was a chance that Gary Gensler would Regulate the crypto markets fairly on Account of his rhetoric and teachings at MIT in 2018 it seemed pretty fair we Don't actually know who Satoshi Nakamoto Is but it's a study question a few Lectures from now to ask you to tell me Who you think Satoshi Nakamoto is so I Won't ask that now Bitcoin right now is
About 550 000 blocks and the blocks are Added on average every 10 minutes and We'll talk about why it's every 10 Minutes and not only why Satoshi Nakamoto made it every 10 minutes but How they maintain that other blockchains Like ethereum it's about every seven Seconds so don't get too caught up that It's all the same and there's some Technologists here Sylvia McCallie is Working on algorithm and that's even Tighter less than seven seconds this Clip what Gary Gensler says right here Is the most revealing to me so we Already now in the U.S and in many other Jurisdictions that three-quarters of the Market are not icos or not what we could Be called Securities even in the U.S Canada and Taiwan the three Jurisdictions that follow something Similar to the Howie test three quarters Of the market is non-securities it's Just a commodity a cash crypto So you'll hear debates about initial Coin offerings and what's the security And what's not a security relevant Relevant and important debate But for three quarters of the market It's not particularly relevant as a Legal matter what we failed to consider About Gary Gensler is Goldman Gary was a Former Goldman Sachs partner and former CFO for Hillary Clinton's 2016 Presidential run Goldman Sachs and
Hillary Clinton are known crypto haters And then one more area that I hope Nation states start paying greater Attention to is the rise of Cryptocurrency because what looks like a Very interesting and somewhat exotic Effort to literally mine new coins in Order to trade with them has the Potential for undermining currencies for Undermining the role of the dollar as The reserve currency for destabilizing Nations perhaps starting with small ones But going much larger it seems that Gary Gensler sold out on whatever principles He had to do the bidding of those who Guaranteed him the SEC job because Gary Gensler seems to take every opportunity He can to blame crypto for whatever Problems come up do you remember when Signature silvergate and svb Banks Collapsed earlier this year these were Crypto friendly Banks but the reason They collapsed had nothing to do with Them doing business with crypto Gary Gensler blamed crypto for the failure of These banks on a Tuesday House hearing Only to be corrected Wednesday with the Truth of the events this is Despicable There were three banks that failed and There was a handful a day so this last Those four or five days and two of those Banks the first and the third that Failed silvergate and signature were Engaged in the crypto business I mean
Some would say they were you know crypto Banks so it's interesting just how this Was all right thank you narrative as Well it is a misnomer that the failure Of Signature Bank was related to crypto What we saw with Signature Bank is that It had a new fashioned Bank Run and the Outflow of deposits were from a broad Depositor base including Wholesale Food Vendors Fiduciaries trust accounts law firms and In fact the outflow of crypto deposits Were an exact proportion to their Representation in the depositor base Overall and in fact some of those Deposit outflows were actually Pre-planned so it's of course Unfortunate that there was a run on the Bank in at signature prompted by what we Saw with with svb but it is not the case That the failure of signature was Related to crypto enough is enough Personally I just hope that enough People in America see this and Understand this so that they can take Action with their lawmakers because U.S Lawmakers have not filed what's being Called the SEC stabilization act to fire Gary Gensler understand what we're Trying to push forward two House Republicans have partnered on a bill to Kick Gary Gensler to the curb and Restructure the Securities and Exchange Commission representative Warren
Davidson republican from Ohio and House Majority Whip Tom emmer republican from Minnesota introduced the SEC Stabilization act Monday quote from Davidson U.S capital markets must be Protected from a tyrannical chairman Including the current one I'm Introducing legislation to fix the Ongoing abuse of power and ensure Protection that is in the best interest Of the market for years to come the bill Suggests that the SEC remove the chair Position which garagenstler currently Holds and instead appoint an executive Director to oversee operations quote From House Majority Whip Tom emmer American investors and Industry deserve Clear and consistent oversight not Political gamesmanship the SEC Stabilization act will make Common Sense Changes to ensure that the sec's Priorities are with the investors they Are charged to protect and not the whims Of The Reckless chair a a number of Influential Republican lawmakers of late Have continued their criticism of Gensler's agenda and particularly his Approach to crypto the majority is in Agreement on this regulation by Enforcement is not an appropriate way to Govern a market adequately protect Customers or promote Innovation new Information is coming out on a daily Basis subscribe to altcoin daily because
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