The recent statement from the U.S. Securities and Exchange Commission (SEC) that “criminals can use crypto” has raised some eyebrows in the crypto community. While it’s true that criminals can use crypto, it’s important to point out that they can also use other forms of currency, such as US dollars.
Take, for example, Jack Dorsey’s Cash App. The app has a large userbase of criminals who use US dollars to purchase goods and services. This is because the app allows users to send and receive money without having to go through a bank or other financial institution. This makes it easier for criminals to move money around without being detected.
The fact that criminals can use US dollars on Cash App is a reminder that the SEC’s statement about crypto is not necessarily accurate. While it’s true that criminals can use crypto, it’s important to remember that they can also use other forms of currency.
The SEC’s statement about crypto is a reminder that we need to be aware of the potential risks associated with any form of currency. Whether it’s crypto or US dollars, criminals can use any form of currency to facilitate their activities. It’s important to be aware of the risks associated with any form of currency and to take steps to protect yourself.
At the end of the day, the SEC’s statement about crypto is a reminder that we need to be aware of the potential risks associated with any form of currency. Whether it’s crypto or US dollars, criminals can use any form of currency to facilitate their activities. It’s important to be aware of the risks associated with any form of currency and to take steps to protect yourself.
This ‘criminals use crypto’ is literally the stupidest argument there is. Its just completely ignoring the fact the criminals also use fiat even on a wider and larger scale
The Hindenburg report mentions how rappers will brag about laundering money using cash app lol
Hindenburg strikes again!
They are trying to make a statement and nothing more, the SEC and politicians are owned by the same people
Turns out CashApp is a security.
Criminals can also use spoons and drink apple juice, so what, will be make licences for spoons adn ban apple juice? Whole “criminals use it” rhetoric if so dumb. Criminals will use it even if it will be banned or restricted, because… they are criminals!
“Criminals can use” is a strawman. Criminals can use anything in commission of a crime. That’s a lazy excuse used when there’s an ulterior motive for getting something banned.
>FK the SEC, and Fck Jack Dorsey.
Also one big “fk u” to those who use ‘Crypto’ to hide their evil financial intentions.
I hate when this “point” is bought up by governments. Fiat is used by like 99% of criminals, yet thats ok
Gold & Fiat has been choice of payments for criminal activities for as long as humanity exists .
Remember trump also paid his hush money to pornstar in fiat whose indictment is looming as per speculations. Cashapp just made the transaction easier for any kind of shit that goes behind the screen .
Thank god fiat can’t be used by criminals – oh wait
Hindenburg made a complication of all the songs which feature Cash App in a gangster way, so funny
It’s all just for the show, in reality they don’t do much, if anything.
It is easier to move $1 million in Monero than USD without being tracked.
You run into the issue of the offramp.
This does not mean that most criminals don’t use fiat.
SEC ignoring the multiple **billions** in illegal activity that occurs via **fiat** in the US ALONE while attempting to spread crypto fud
Funny SEC
Criminals have also been using USD for centuries.
Criminals will use anything medium of exchange at their will. I’m getting tired hearing about these people always antagonizing crypto.
Criminals are using most of the time cash and not crypto! It’s a very small % that use crypto and that’s enough for them to blame our industry.
Criminals are going to commit crimes, it’s true for any sector, a constant battle.
Criminals also use the internet, cash, bank accounts, western union, paypal and similar providers, roads, cars, petrol, electricity. This argument is so effing dumb… criminals even use the government. I mean everyone in the government is actually a criminal.
I’m not saying the Hindenburg Research report is incorrect, but as short sellers they’re incentivized to frame their report in the most negative way possible. They literally make money the worse the company does.
Just to give an example, I saw they mentioned sex trafficking… but more than once have people conflated sex work with sex trafficking. Sure, neither is legal in the US (well sex work is as long as its being filmed for some reason), but framing it as sex trafficking is sounds a whole lot worse than saying something like sex work.
Again, I have no idea if Hindenburg did stuff like that, but considering their business model relies on making money off companies losing value, they’re not exactly an unbaised or objective source.
Also, Jack has historically been crypto (or at least Bitcoin) friendly. As far as tech billionaires go, he’s always seemed to be on the less evil side of the spectrum to me.
I still don’t understand how criminals use to make profits when crypto wasn’t invented, do they use some sort of trade for assets? It must had been taught life
Criminals can use cash too.
The SEC the FED and the US Gov don’t like Bitcoin because they can’t control it. We don’t like US dollars because your system is rigged and corrupt.
They use BTC in cash app as well
Well the SEC probably used Block to launder their sh**
In Gary’s world money laundering doesn’t exist.
The trillion dollar drug trade says hi.
Criminals run on Fiat
We need to waiting …. Which crypto does have criminal! Warning: HimalayaExchange
Yall remember when the CIA was exposed for trafficking coke?
It’s me, I’m the criminal.
Fuck off Gensler
Will they ever go after Pelosi and her husband the venture capitalist that have been insider trading for years on end? They can’t be criminals though cause they from the “Gubmint”
Try asking the SEC what else criminals regularly trade in. The fucking US Dollar. These clowns, I swear…
>Fck Jack Dorsey
Out of all that, this was the conclusion you came to? Yeah, I’m not too surprised that that conclusion comes from the same person who censors their swears on the internet
crypto is easier to trace than cash
Criminals eat food.
Eat stones you bastards
I’ve only bought illegal stuff with fiat money
Better yet point to JP Morgan, Deutsche Bank, HSBC, Citi Bank which are all known to launder rich people, criminals, drug cartels’ money and constantly get fines for ignoring KYC laws. If KYC are supposed to “prevent” financing of criminals/terrorists, then why do we have it if banks and other companies just ignore it? It’s all about control over the vulgar masses aka us and anyone not rich. We used to be able to have numbered bank accounts with no need for ID, we used to have bearer bonds and Swiss/Panamanian/American bank accounts that didn’t need our names. The KYC laws have only been getting worse, companies and the elite continue to skirt such laws.