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.
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.
Why the US is waging war on Binance, Coinbase
Letter from the Editor
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.
That reads "we are fine", and not "we are fined".
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.
live now
https://twitter.com/i/broadcasts/1nAKErdVErbGL
ah..pretends to... was live
but mobiles are soooo convenient!
This is still live
plenty of other live chats going on.
Finally the real truth slithers out...
Gary the Goose is there to protect FIAT - the USD, EUR etc
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.
first response...
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.
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.
More likely, this is payback for not falling for the SBF scamster!
interesting, in places, much more is fairly obvious.
this could take years... like the Ripple case.
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.
I suspect things are going badly behind the scenes regarding the Hinman emails - due to be released in a week.
Here's the lawsuit filing
https://storage.courtlistener.com/recap/gov.uscourts.nysd.599908/gov.uscourts.nysd.599908.1.0.pdf
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
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.
H-Day
Hinman Day is upon us - not sure he cares as it's passed the statute of limitations.
So what's the deal?
live
now
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!
slowly... heard est over 8,300 pages!!
takes time to read that shit - even takes time to upload.
The SEC Has Started an All-In Political Battle Over Crypto
Ripple case alone now up to 2.5 years and counting.
Will Gary the Goose loose any feathers over this?