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Conflicting Experiences Emerge About SEC Serving to Bankrupt Crypto Alternate FTX With Authorized Loopholes

Conflicting Experiences Emerge About SEC Serving to Bankrupt Crypto Alternate FTX With Authorized Loopholes

22 thoughts on “Conflicting Experiences Emerge About SEC Serving to Bankrupt Crypto Alternate FTX With Authorized Loopholes”

  1. Gary Gensler will get away with it because he’s a high profile Democrat. The U.S. president will do whatever he can to make sure SBF will not rat out Gary

    Reply
  2. This entire year has been terrible and amazing, adoption increasing across the board but scams / fraud have been huge this year too.

    Reply
  3. TLDR: rumors have surfaced accusing the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, of helping former FTX CEO Sam Bankman-Fried and his bankrupt exchange with “legal loopholes to obtain regulatory monopoly.”

    However, Fox Business’ Charles Gasparino explained on Twitter Saturday that “Contrary to speculation” about Gensler the SEC chairman made no promises to Bankman-Fried, FTX, and IEX, but he also “ordered them to provide much more in the way of disclosure etc to the SEC about their model,” the journalist noted.

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  4. FTX have a lot of political allies, especially among the Democrats. Don’t be surprised if SBF gets away scot-free. Perks of being rich.

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  5. Here’s the facts: FTX set up it’s business in Hong Kong and then relocated to the Bahamas. They were never in US jurisdiction and FTX US complied with US regulations by not listing certain tokens like FTT.

    All of this stuff in the article is total speculation but the one fact we know is the SEC had no ability to regulate a company domiciled in the Bahamas.

    Reply
  6. 1.2.3. FUCK THE SEC!!!

    No one should ever trust an exchange close I’m with the SEC, it’s literally counter productive to the idea of crypto. Pay your taxes but fuck off with that regulatory bullshit.

    Reply

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