SEC Unleashes a Crypto Hurricane

in crypto •  last year 

This is all over the cryptosphere - and is not just about Binance.

SEC Sues Binance and CZ Over 'Blatant Disregard' of Its Rules

The SEC lawsuit = doc

This case arises from Defendants’ blatant disregard of the federal securities laws and the investor and market protections these laws provide. In so doing, Defendants have enriched themselves by billions of U.S. dollars while placing investors’ assets at significant risk.

Press release = SEC Files 13 Charges Against Binance Entities and Founder Changpeng Zhao

This is on top of the CFTC lawsuit in March 2023.

CFTC Charges Binance and Its Founder, Changpeng Zhao, with Willful Evasion of Federal Law and Operating an Illegal Digital Asset Derivatives Exchange

An insight:

FTX was controlled demolition to facilitate further violence.

But Binance is not the only target. The SEC is playing its usual game of veiled accusations stated implicitly within a lawsuit without a separate lawsuit where such coins can defend themselves.

Breaking: SEC Alleges Cardano (ADA), Solana (SOL) and Polygon (MATIC) Are Securities

The markets are bleeding.

crypto news sec lawsuit binance solana cardano polygon securities
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  • Trending
    • [-]
      ·  last year  ·  

    Why the US is waging war on Binance, Coinbase

    Letter from the Editor

    The SEC’s action on June 5 will go down as the crypto industry’s “Black Monday.” The regulator’s carpet bombing-style legal offensive wiped out US$320 million within 24 hours as crypto liquidations accelerated.

    Meanwhile, I’m in Hong Kong this week, half a world away, a city whose securities regulator has just launched new virtual asset service provider regulations. And for the retail market, it has released virtual asset trading platform rules, outlining a process that onboards crypto to trading platforms for accredited and non-accredited investors alike. Amid the SEC’s onslaught, such developments are leaving Americans in the dust. Freedom indeed.

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    [-]
      ·  last year  ·  

    Robinhood To Review Its Crypto Listing Amid SEC’s Crackdown On Exchanges
    https://bitcoinist.com/robinhood-reconsider-its-listing-after-sec/

    a feeling of unease.

    74.82 BLURT
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    [-]
      ·  last year  ·  

    That reads "we are fine", and not "we are fined".

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    [-]
      ·  last year  ·  

    lame answer - the reason is to destroy the current industrialised countries and scare them back into the middle ages. Then the so-called developing countries, with a more traditionally compliant populace, can rise up and thus spread their message of obedience or coercion.

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    [-]
      ·  last year  ·  

    live now
    https://twitter.com/i/broadcasts/1nAKErdVErbGL
    ah..pretends to... was live

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    [-]
      ·  last year  ·  

    but mobiles are soooo convenient!

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    [-]
      ·  last year  ·  

    This is still live


    plenty of other live chats going on.

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    [-]
      ·  last year  ·  

    Finally the real truth slithers out...


    Gary the Goose is there to protect FIAT - the USD, EUR etc

    73.42 BLURT
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    [-]
      ·  last year  ·  

    I'm not sure why he spilled the truth.
    Maybe he thinks the majority will nod to their dumbphones and be scared about yet another shibboleth - at least in the USA.
    And those who have been saying this for some years... will be forgotten - as when "conspiracy theories" become true, those insights are still ignored.

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    [-]
      ·  last year  ·  

    first response...

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    [-]
      ·  last year  ·  

    Jay Clayton, former chairman of the SEC, Senior Policy Advisor Of Counsel of Sullivan and Cromwell LLP and Dan Morehead, founder and managing partner of Pantera Capital discuss stressed out markets, from banking and lending to crypto with Bloomberg’s Carol Massar at Bloomberg Invest New York.

    swallow the climate hoax first.

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    [-]
      ·  last year  ·  

    SEC Complaint Aims to Unilaterally Define Crypto Market Structure
    https://www.binance.com/en/blog/ecosystem/sec-complaint-aims-to-unilaterally-define-crypto-market-structure-8707489117122437402

    official Binance response.

    It seems based on these developments that the SEC’s goal here was never to protect investors; [...] The SEC’s real intent here, instead, appears to be to make headlines.

    More likely, this is payback for not falling for the SBF scamster!

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    [-]
      ·  last year  ·  

    interesting, in places, much more is fairly obvious.
    this could take years... like the Ripple case.

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    [-]
      ·  last year  ·  

    and another one...

    Notice it doesn't claim that investors have actually lost any money.
    Investors deserve to be protected at all costs - just for their own protection.

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    [-]
      ·  last year  ·  

    I suspect things are going badly behind the scenes regarding the Hinman emails - due to be released in a week.

    67.33 BLURT
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    [-]
      ·  last year  ·  
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    [-]
      ·  last year  ·  

    and worse...

    COINBASE SIMULTANEOUSLY RECEIVES SHOW CAUSE ORDER FROM TEN STATES: AL, CA, IL, KY, MD, VT, NJ, SC, WA, AND WI.

    28 DAYS TO CEASE AND DESIST ORDER, LADIES AND GENTS. $COIN

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    [-]
      ·  last year  ·  

    Coinbase Was Dismissed by the US SEC After Months of Figuring Out How To Register, Chief Legal Officer Says
    https://cryptonews.com/news/coinbase-was-dismissed-by-us-sec-after-months-of-figuring-out-how-register-chief-legal-officer-says.htm

    This is going round in circles - possibly by design. The sticking point is that the tokens listed must be securities.

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    [-]
      ·  last year  ·  

    H-Day


    Hinman Day is upon us - not sure he cares as it's passed the statute of limitations.
    So what's the deal?

    68.74 BLURT
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    [-]
      ·  last year  ·  

    live


    now

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    [-]
      ·  last year  ·  

    mmm... the guy is kinda boring, and his mic sucks and many complain is barely audible - staring at a chart doesn't need a video!

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    [-]
      ·  last year  ·  

    slowly... heard est over 8,300 pages!!
    takes time to read that shit - even takes time to upload.

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    [-]
      ·  last year  ·  

    The SEC Has Started an All-In Political Battle Over Crypto

    The Securities and Exchange Commission’s lawsuits against Binance and Coinbase this week have set up a high-stakes battle that will engage all three branches of the U.S. government in a competition for power, determine whether the crypto industry will decamp the U.S. for good, and define the future of digital money.

    Ripple case alone now up to 2.5 years and counting.

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    [-]
      ·  last year  ·  

    Will Gary the Goose loose any feathers over this?

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