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#GaryGensler

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⚯ Michel de Cryptadamus ⚯

ᴅᴀʀᴋ ᴍᴏɴᴇʏ ɢʀᴏᴜᴘ ᴛɪᴇᴅ ᴛᴏ ᴄʀʏᴘᴛᴏ ᴛʀɪᴇꜱ ᴛᴏ Qᴜᴀꜱʜ ꜱᴇᴄ ɴᴏᴍɪɴᴀᴛɪᴏɴ

Crypto bros are big mad that someone trying to protect the public has been renominated to serve as one of the SEC's five commissioners:

𝘐𝘯 𝘢 𝘋𝘦𝘤. 9 𝘯𝘰𝘵𝘪𝘤𝘦, 𝘵𝘩𝘦 𝘊𝘦𝘥𝘢𝘳 𝘐𝘯𝘯𝘰𝘷𝘢𝘵𝘪𝘰𝘯 𝘍𝘰𝘶𝘯𝘥𝘢𝘵𝘪𝘰𝘯 𝘴𝘢𝘪𝘥 𝘪𝘵 𝘩𝘢𝘥 𝘭𝘢𝘶𝘯𝘤𝘩𝘦𝘥 𝘢 “𝘧𝘪𝘷𝘦-𝘧𝘪𝘨𝘶𝘳𝘦, 𝘮𝘶𝘭𝘵𝘪-𝘤𝘩𝘢𝘯𝘯𝘦𝘭” 𝘥𝘪𝘨𝘪𝘵𝘢𝘭 𝘤𝘢𝘮𝘱𝘢𝘪𝘨𝘯 𝘶𝘳𝘨𝘪𝘯𝘨 𝘜𝘚 𝘭𝘢𝘸𝘮𝘢𝘬𝘦𝘳𝘴 𝘵𝘰 𝘳𝘦𝘫𝘦𝘤𝘵 𝘊𝘢𝘳𝘰𝘭𝘪𝘯𝘦 𝘊𝘳𝘦𝘯𝘴𝘩𝘢𝘸’𝘴 𝘯𝘰𝘮𝘪𝘯𝘢𝘵𝘪𝘰𝘯 𝘧𝘰𝘳 𝘢 𝘴𝘦𝘤𝘰𝘯𝘥 𝘵𝘦𝘳𝘮 𝘢𝘵 𝘵𝘩𝘦 𝘚𝘌𝘊. 𝘛𝘩𝘦 𝘨𝘳𝘰𝘶𝘱 𝘤𝘭𝘢𝘪𝘮𝘦𝘥 𝘵𝘩𝘢𝘵 𝘵𝘩𝘦 𝘚𝘌𝘊 𝘤𝘰𝘮𝘮𝘪𝘴𝘴𝘪𝘰𝘯𝘦𝘳 𝘸𝘢𝘴 “𝘮𝘰𝘳𝘦 𝘢𝘯𝘵𝘪-𝘤𝘳𝘺𝘱𝘵𝘰” 𝘵𝘩𝘢𝘯 𝘊𝘩𝘢𝘪𝘳 𝘎𝘢𝘳𝘺 𝘎𝘦𝘯𝘴𝘭𝘦𝘳 𝘰𝘯 𝘱𝘰𝘭𝘪𝘤𝘪𝘦𝘴 𝘭𝘪𝘬𝘦 𝘴𝘱𝘰𝘵 𝘉𝘪𝘵𝘤𝘰𝘪𝘯 𝘦𝘹𝘤𝘩𝘢𝘯𝘨𝘦-𝘵𝘳𝘢𝘥𝘦𝘥 𝘧𝘶𝘯𝘥𝘴.

Has there ever been a public advertising campaign against a particular #SEC commissioner before? (serious question but I have a strong hunch the answer is no because no one who works at the SEC was ever famous until #GaryGensler became the Jörmungandr of the #crypto eddas).

Also lol @ "Cedar Innovation Fund".

cointelegraph.com/news/dark-mo

#bitcoin #BTC #CarolineCrenshaw #CedarInnovationFund.#uspol #uspolitics

Dark money group tied to crypto tries to quash SEC nomination vote The Cedar Innovation Foundation launched an attack ad ahead of a congressional committee vote on Caroline Crenshaw’s renomination as an SEC commissioner.
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⚯ Michel de Cryptadamus ⚯

American #SEC has filed suit against #TrueUSD / #TrustToken arguing that its reserves consisted of 99% illiquid offshore assets and it became unbacked by actual dollars ca. 2022.

While most people outside of #crypto have never heard of TrueUSD's token #TUSD (a competitor to #Tether's #USDT; see my pinned toot) it's worth understanding that TUSD was for most of a year the single most important #stablecoin and the one that was responsible for the *vast* majority of #bitcoin trades on by far the largest crypto marketplace, #Binance. The company is also rumored to be owned by the sketchiest guy in crypto, #JustinSun.

Put another way: the price of #Bitcoin was measured in TUSD, not real USD for most of last year. (Now it's measured mostly in an even sketchier stablecoin #FDUSD.)

link: sec.gov/files/litigation/compl

SEC vs. TRUECOIN LLC and TRUSTTOKEN, INC
#Uspol#uspolitics#finance
Public
beSpacific

.gov - get off X! After the official Twitter/X account for the #SecuritiesandExchangeCommission #SEC tweeted the long-awaited approval for spot #Bitcoin #ETFs, Chair #GaryGensler took to his personal account on the social media platform to announce that the agency’s had been #hacked. “The @SECGov twitter account was compromised, and an unauthorized tweet was posted,” he wrote. “The SEC has not approved the listing and trading of spot Bitcoin exchange-traded products.” fortune.com/crypto/2024/01/09/

Fortune · Hacked SEC Twitter account falsely posts agency approved Bitcoin ETFsBy Leo Schwartz
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