Gary Gensler Gets *DOMINATED* by Congress for FAILING to Regular Crypto!
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Timestamps:
0:00 – Watch GARY GENSLER get B*TCH SLAPPED by Congress
2:58 – GARY GENSLER gets SLAMMED for his failures!
4:41 – How is this even POSSIBLE!?
7:31 – Gary Gensler Deceived us ALL!!
9:22 – This is who Gary Gensler REALLY works for.
**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.
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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 Terra Luna who was the chairman of The SEC when Terra Luna collapsed sir we Had brought you were sir reclaiming my Time you were Gary Gensler just got a Train ran on him by Congress for his Lack of regulatory Clarity of the crypto Space this is a continuation of Yesterday's video Gary Gensler caught Physically shaking when asked is Ethereum a security and understand it is Gary Gensler and the sec's job to Provide Fair rules regulations so that The crypto industry in America can Flourish So Bad actors get diminished in Quality projects can Thrive watch Gary Gensler get slapped by Congressman Tom emmer because when it comes to Crypto Gary has not protected the American Consumer Gary has driven crypto Innovation offshore to places like China This makes me mad does it concern you by The way that your approach to the Digital asset industry is actually Driving this industry out of the United States we're trying to drive it to
Compliance and if they're not complying With the laws then they shouldn't be Offering their products reclaiming my Time uh Madam chair I would like to Enter into the record this Wall Street Journal article from April 14 2023 Detailing China's ploy to open its Banking system to crypto firms in an Effort to seize an opportunity created By our hostile regulatory environment Which uh Mr chair you're a big part of Without a rejection chair Gensler FTX Was domiciled abroad and so is binance He had American consumers still had Access to both you can't really think That pushing this industry abroad is Going to protect American consumers when It hasn't several times in the past on Your watch you say the crypto Market is Rife with non-compliance however Existing SEC rules make no sense for Blockchain-based companies and following Them would actually kill these Businesses your regulatory style lacks Flexibility and nuance and as a result You've been an incompetent cop on the Beat doing nothing to protect everyday Americans and pushing American firms Into the hands of the CCP your intention To work against SEC Mission and put American investors In Harm's Way has Been made very apparent sir it's been a Year and a half since you've appeared Before this committee you need to answer
To Congress about the issues that you've Had with the SEC staff Union the work Environment you've cultivated the SEC That's led to hemorrhaging of senior Staff the intellectual inconsistency of Your regulatory treatment towards Bitcoin spot ETFs and your Politicization of capital formation Opportunities Of certain specs and that's just to name A few watch Gary Gensler continue to get slapped and dominated Now by Ohio Senator Warren Davidson Davidson starts By bringing up Gary gensler's past back Room coordination with Elizabeth Warren And the DNC because Shady practices like This with him have happened before Chairman Gensler in advance of today's Hearing did you coordinate acceptable Responses with Senator Elizabeth Warren No I'm speaking on my on behalf did you Coordinate with Democratic staff and I Asked because it happened before and I Want to be clear whether you operate of Your own accord or whether there's some Sort of coordinated approach to the Damage that you're inflicting on America's capital markets so here it Begins Gary Gensler is about to get Slammed in this I love Congressman Warren Davidson listing off and Reminding Gary of his failures chairman Ginsler your record of failures To protect investors and abuses of power
Make it clear that we need to Restructure the Securities and Exchange Commission the failures are many but let Me cite some of the abuses you average More than two rules proposals a month You inappropriately provide Inappropriately short comment periods You have unworkable and unlawful ESG Disclosure mandates on the market you Have essentially a hotel California rule For crypto where you can check in Anytime you like but you can never leave You have endless Discovery with no Resolution and no Clarity for the Captives in the market you have Unworkable proposals for overhauling Equity Market structure a de facto ban On crypto through proposed custody rule If High staff turning over unhappy People leaving your office in unhappy Companies and capital leaving our Country now watch Gary Gensler not even Be able to answer how it's even possible That the SEC approved the coinbase IPO The SEC looked over coinbase's S15 Filings approved it for public Investment then months later take action Against coinbase for illegally offering Unregistered Securities how can it be That the SEC is even doing its job in This clip Congressman Warren brings up Kim Kardashian xrp ethereum this is an Example of the lack of clarity that Chairman Gary Gensler claims is
Acceptable chairman Gensler part of the Sec's mission is to protect investors Does the SEC review pre-ipo documents I Think you said pre-ipo document you're Supposed to if you're going to take a Company public The the staff of the SEC does review Those to see that they're correct is Coinbase a publicly traded company I'm sorry coinbase is coinbase publicly Traded Uh yes all right so the SEC allowed Pension funds and Retail investors to Invest in a company coinbase that you Apparently from prior remarks believe Was engaging in illegal activity All of their activities were laid out in Their public filings in the S1 prior to The IPO you did say that you believe Coinbase is selling unregistered Securities correct Um again I'm not going to speak to Anyone no but you said that they're Selling unregistered securities This is your public comments uh I I Think uh with all respect I look forward To you finding that because I'm trying To be very careful we'll help refresh Your memory company uh in the Kim Kardashian settlement the SEC stated That ethereum Max is a security She reached a settlement for promoting An unregistered security the Unregistered security is ethereum Max
Have you charged the issuers of ethereum Max for offering an unregistered Security We reached a settlement with a celebrity Miss Kardashian yeah but but not She just promoted it she doesn't operate Ethereum Max have you said that ethereum Max is an unregistered security to the People that offer it we we did in that Settlement yes sir Okay uh it's still Trading Uh what about ethereum is ethereum now a Security Uh we had this urger Exchange They've been in place since 2015. you Say in your statements that there's Clarity in the market and the rules are Clear just come on in You can't even answer the question Do you say xrp is a security Well we're in uh Court an active uh Discussions and litigation on that You're in litigation because you do say It's a security to be real it kind of Makes sense how ineffective Gary Gensler Is and has been at regulating the Cryptocurrency industry as SEC chair Because it turns out that although Gary Taught crypto for years that MIT and we All assumed he at least sent a Bitcoin Transaction before when forced to be Transparent what Gary is so keen on Regulating turns out that he never Actually had any real experience with
Crypto at all do you own digital assets Or have a digital wallet I don't own any crypto assets all of my Securities Holdings are actually digital Because they're held by a broker dealer And they're digital there have you have You ever owned uh Bitcoin or another Digital asset no Um and so so maybe here most I'm Guessing most folks on your you on your Senior staff I'm guessing you included Have bought or sold stocks but none of Them have owned uh or none of them Currently own a crypto crypto assets That are but are in the process of Making rules and regulations on crypto Assets that'd be a fair assumption I I Couldn't speak to that I actually at MIT Taught a course called blockchain and Money I taught Court multiple courses Called crypto finance and other courses As well you didn't own any crypto You taught the course but you weren't a User in the product I did not own crypto assets or highly Speculative asset no I'm not asking for For your for your view on I'm just Saying that you're you're you're in the Business now of making rules and Regulations regarding digital assets but You have you've taught a class on it You've never personally owned a digital Asset any crypto including including Bitcoin the only digital assets I have
Is my bank account and my brokerage Accounts but no crypto very good thank You by the way make sure you subscribe To our channel daily videos just like This keeping you informed on the entire Cryptocurrency Market if you're Interested in making money in Cryptocurrency subscribe to our channel Daily videos it's clear who Gary Gensler Actually works for well actually it's Clear who Gary Gensler doesn't actually Work for us hey real quick last question I think it might have came up you were Hillary Clinton's uh CFO on a campaign Right It's part of my history were you yes or No In 2016. did you facilitate the payment For the steel dossier since you were CFO Of the Hillary Clinton campaign Sir yes or no sir yes or no That that was That was not you're under oath Jeremy Gensler yes I know I was not something I Was aware of I yield back the rest of my time thank You chairman
