Fun

News Feed - 2023-11-17 07:11:41

Ezra Reguerra13 hours agoRipple lawyer urges fact-check of Gary Gensler’s speech, says SEC actions seen as ‘shady’SEC Chair Gary Gensler shared a speech on X, triggering heated reactions across the crypto community.5279 Total views15 Total sharesListen to article 0:00NewsJoin us on social networksAs Gary Gensler reiterated the United States Securities and Exchange Commission’s mandate in a speech, Ripple’s lawyer and various crypto community members responded, criticizing the SEC chair and arguing that the commissioner’s words contradict his actions.


On Nov. 16, SEC Chair Gary Gensler shared a video of him conducting a speech at the 2023 Securities Enforcement Forum. In the speech, he highlighted the words of the first SEC chair, Joseph P. Kennedy, saying that the government agency should be “partners of honest business and prosecutors of dishonesty.”As Joseph P. Kennedy, the first @SECGov Chair, once said: "We are not prosecutors of honest business, nor defenders of crookedness. We are partners of honest business & prosecutors of dishonesty. We shall not prejudge, but we shall investigate.”

Check out my recent remarks: pic.twitter.com/QM2zqj8PQs— Gary Gensler (@GaryGensler) November 16, 2023


The post on X (formerly Twitter) triggered responses from various crypto community members, including Ripple chief legal officer Stuart Alderoty, who is currently engaged in a legal battle against the SEC. According to Alderoty, the SEC chair’s recent remarks should be fact-checked and that Gensler has “prejudged crypto and has filed suit against others without investigation.”The SEC is losing in court; being criticized by Judges for shady behavior; being rebuked by the Gov’t’s internal auditor; hiding info about meetings with a felon; becoming irrelevant on the international stage. Gensler - admitting no fault - has become the insulate Col. Jessep. pic.twitter.com/vqjPPcifr8— Stuart Alderoty (@s_alderoty) November 16, 2023


Alderoty also highlighted that Ripple was sued but was “never charged with dishonesty.” The Ripple executive also threw some accusations toward the SEC and said that they are being criticized for “shady behavior” and are becoming “irrelevant” internationally.


Related:Gary Gensler links crypto with cash in viral 2018 video — Crypto Twitter reacts


Apart from Alderoty, various crypto community members also responded to the video that Gensler shared. Erik Voorhees, founder and CEO of trading platform ShapeShift, responded to the tweet, saying that Gensler has prosecuted his “honest business” twice.


Meanwhile, a community member also responded to Gensler’s remarks, saying that what he quoted “was the vision”; However, the Twitter user argued that it has evolved for the worse, accusing the SEC of facilitating the “legitimization of a corrupt system.”


Magazine:Sam Bankman-Fried convicted, PayPal faces SEC subpoena, and other news: Hodler’s Digest# Cryptocurrencies# Ripple# SEC# Community# RegulationAdd reactionAdd reactionRead moreHistory tells us we’re in for a strong bull market with a hard landingExpect some crypto companies to fail in the wake of Bitcoin"s halvingPro-Ripple lawyer predicts prolonged legal battle, hints at settlement factors

News Feed

Russian Billionaire and Crypto Businessman Dies in Helicopter Crash in France
Russian Billionaire and Crypto Businessman Dies in Helicopter Crash in France Russian financier and cryptocurrency entrepreneur Vyacheslav Taran has been killed in a helicopter cra
Ledn secures industry-first $50M Bitcoin-backed syndicated loan
Josh O"Sullivan11 hours agoLedn secures industry-first $50M Bitcoin-backed syndicated loanLedn’s groundbreaking $50 million Bitcoin-backed loan, syndicated by Sygnum, is set to transform retail lending and institutiona
Fed’s Key Inflation Gauge Jumps 0.5% in September, America’s Rising Costs to ‘Punish’ Democrats
Fed"s Key Inflation Gauge Jumps 0.5% in September, America"s Rising Costs to "Punish" Democrats The U.S. central bank’s key inflation gauge, the personal consumption expenditures
Russian Crypto Mining Companies Are Expanding Capacity as the Country Becomes a ‘Preferred Hotspot’
Russian Crypto Mining Companies Are Expanding Capacity as the Country Becomes a "Preferred Hotspot" Crypto mining operations have been witnessing some changes wi
Wrapped Bitcoin Project Sees 18% Redemption of Circulating Supply in 54 Days
Wrapped Bitcoin Project Sees 18% Redemption of Circulating Supply in 54 Days Statistics show over the course of 54 days, the number of wrapped bitcoin (WBTC) hosted on the Ethereum
Helen Partz11 hours agoCrypto VC firm Spartan Capital invests in Pendle to drive DeFi growthAfter actively supporting Pendle since its launch in 2021, Spartan Capital has made a follow-on investment in Pendle Finance via
Ohio to consider accepting crypto for tax payments and fees
Derek Andersen3 hours agoOhio to consider accepting crypto for tax payments and feesThey tried once in 2018, but the State Board of Deposits "failed" to show any enthusiasm.763 Total views3 Total sharesListen t
Binance Enters Popular Venezuelan Dollar Indexes as Currency Plunges 10% in One Week
Binance Enters Popular Venezuelan Dollar Indexes as Currency Plunges 10% in One Week Binance, the leading P2P exchange in Venezuela, is now present in several po
US Seizes Domains Used in ‘Pig Butchering’ Crypto Scam
US Seizes Domains Used in "Pig Butchering" Crypto Scam U.S. authorities have seized seven domains used in “pig butchering” cryptocurrency schemes. “Once the money
Proof-of-Reserves Concept Gains Traction as Major Crypto Exchanges Provide Wallet Lists and Promise Full Audits
Proof-of-Reserves Concept Gains Traction as Major Crypto Exchanges Provide Wallet Lists and Promise Full Audits When it was first discovered that FTX might be insolvent, a large sl
Helen Partz10 hours agoPutin signs law on introduction of digital ruble in RussiaRussian citizens will not be forced to use the digital ruble, and use of the CBDC will be a voluntary choice for people to make, the govern
Work X – Tokenizing Your Skills
Work X - Tokenizing Your Skills press release PRESS RELEASE. Zug, Switzerland, 5 Jan 2022: For many years, getting a diploma from a university or other institution was the only way