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Have your heard about that article everybody’s talking about? We’ll find out if Gary Gensler can survive crypto winter, what his opinion on securities, and how he’s trying to distance himself from SBF.
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Today we're going to be breaking down The Gary ginsler article everybody's Talking about we're going to find out The answer to this question can Gary Ginsler survive crypto winter and I Guess that all depends on whether a Lizard can hibernate or not let's get it Boy crypto my name is Ben today we're Going to be talking about Gary ginsler If you do not like this man who looks Like a lizard make sure to smash that Like button number one thing you can do As a fan of this Channel and to help Crypto adoption also guys if you want a Channel that isn't afraid to challenge People and goes head to head with Supposedly the most powerful lizards in The world then make sure to hit that Subscribe button so let's get into this Article here guys by last March things Appeared to be going exceptionally well For Bateman free talking about SPF is Your favorite private meeting with Gary Ginsler the chair of the Securities and Exchange Commission we now know that Bankman freed was in the midst of Executing a dual-pronged political Immediate strategy the look to be one of The most ambitious political influence Operations in recent memory now we're Gonna have a video tomorrow that's going To talk a little bit about SPF and these Crazy political contributions so be sure To come back for that uh meanwhile
Begman freed was schmoozing with and Offering money to a group of self-style Policy professionals and political Pundits who's done a visual seal of Approval conferred an aura of Intellectual seriousness on his project Of course we do you know here SBF was a Huge political donor according to public Records he contributed more than 70 Million dollars they actually believe The number now is over 100 million you Can see 40 million personally 70 million On the behalf of of uh his company I Believe but the latest numbers either Way whether those are together or They're separate the numbers now are Over a hundred million dollars mostly to Democrats and liberal leaning groups so We already know he's been doing that and Of course we also know by the way Um that he had a lot of sketchy meanings Time of his meetings with Gensler Bateman for he was in the process of Acquiring stake in the stock exchange IEX it was joined by a group of FTX and IEX representatives to pitch a new SEC Approved crypto platform They included a top FTX lawyer who had Worked with gensor and who had privately Had reportedly bragged about his access To Gary Domingo was coming in on the Heels of a dinner bankman free to range With sec's incoming general counsel Dan Berkovitz who recently had to step down
But of course things didn't go uh as Planned for FTX 9x crew at the meeting Last Mars they're evidently seeing Agency approval for an alternative Trading system more likely regulated Alternative to National Securities Exchanges ginsler in his in his telling Simply rebuffed the group and said no Garrett we don't believe you one one Reason we don't believe you is because Magically When things start unfolding with FTX Which by the way Um this period the last time that his Calendar was updated would have been Literally the first moments that I Started going after SPF September 20th is the first time I Released a federal bit license plan and It was out and people knew what they Were doing at that point and I know That's because Charles hoskinson had Researched into it and he came back to Me he said you are right with what You're saying about what he's doing Behind the scenes That was September 20th the last time His calendar was updated was September 30th 2022 very very interesting when you look At the timing of this no we do not Believe you Gary they did not go as Planned Gary gizzler said he rebuffed Them absolutely false uh he was working
With them according to ginsler FTX was Far too conflicted to satisfy the Agency's regulations it was not the First time against or met with Beckman Free other FTX Representatives Your daddy rebuffed him the first time He might have resumped in them uh there Was also a previously Discord session in Late 2021 but when we spoke it was Unclear whether there had been any Meetings between the two men Um gensor's calendars have not yet been Fully released I wonder why Why Gary where's your calendar Gary Let's see the G calendar let's see it so Were there any other means between the Two no he said when I put the question To him directly Gary ginsler says no This is a man that obviously speaks out Of the both sides of his mouth all of The time uh we continue the new Congress Is looking again at crypto Civic Legislation we're going to be in Washington talking about this week maybe Even while you're watching this video Gizzard believes SEC has all the legal Tools that it needs over the course of Our discussion he articulate a Straightforward view of the agency's Reach the pretty much every sort of Crypto transaction already falls under The sec's jurisdiction except spot Transactions and Bitcoin itself and the
Purchase of Sailor goods and services so They're saying leverage trading is Against the law as well according to What Gary guns were saying but of course Gary Kinser would have to prove that Through a lawsuit in a court so even if That were the case it would be years Before there was resolution on that He said everything other than Bitcoin What a typical freaking douche gizzler Told me you can find a website you can Find a group of entrepreneurs he Basically just goes through and says hey I can make an argument that somehow this Is a security too anything is a security I can make the argument for Gary I can Make the argument for Windex and like I Said the other day the Bitcoin Maximalist love spraying Windex on your Pants because they see themselves right In them So according to the cftc commissioner Rosston Benham he does claim that Bitcoin's only crypto asset that can be Viewed as a commodity during an Invite-only event where they had a Snitch who came out and said lots of Different stuff Venom's comments are Quite a contrast to other statements Where he said that ether could also be Viewed as a commodity which is a clear SEC position that they have taken Um Then goes to argue um you know basically
That they can drop tokens overseas at First and Contender pretend it's going To take six months before they come back To the U.S guys we already have Precedent with the library credits token None of what he's saying here is true Literally none of what he's saying here Is true Um it's absolutely a lie the library Credits token secondary sales have Already been said that they're not Securities what is this man talking About it's insane Um what do we've established is even if We have a token that's considered a Security it's going to be the token sale Not the tokens themselves for now the SEC has emerged as the industry I want To highlight something right now For now this is changing guys this is Changing the SEC well they're about to Get kneecapped that's what I'll tell Them but they've emerged as the the Primary civil regulator uh but there's Guys they don't do anything all they're Doing is filing lawsuits they make no Determinations this you have to Understand this whole entire Article is Gary ginsler's opinion Which actually Is less valuable than William Henman Speaking specifically on the behalf of The SEC calling Bitcoin and ethereum not Commodities uh xrp people don't go crazy
On me you guys know I'm not a fan of William himman but that is the truth Um Ginsburg said a roadway or runway for Crypto firms is getting shorter What an idiot the unstated premise of The sec's current enforcement push Appears to be that if the government can Broadly stigmatize the industry and Market participants then ordinary people Might think long and hard about whether To hold these Assets in any form this is What they want guys This article or this right here this Document joint statement on crypto Asset Risk banking organizations this is all About how the SEC this is from the Office of the company controller of the Currency this is how the SEC the cftc And the OCC can all work together To get people to not be interested in Cryptocurrency investing That's the scam this is what they want I Hate to tell them the Pandora's Box has Been open they are going after staking We already know that but remember this Is all part of the banking plan to make Usdc the cbdc not just in the United States but of the world usdc Circle Coinbase Goldman Sachs Gary Gensler They're all heavily involved in this Plan To make usdc The currency of the world the only Question is are we going to let them do
That I got one word for Gary No we're not actually that was three Words you take all three of those to the Bank Which I know you go to every day to Collect your paychecks that's all I got Be blessed Thank you