It's kind of odd the admin has mentioned investigating Musk's Twitter (and his holdings in general) but have not mentioned a peep about this the SBF fiasco.
FTX, and I suspect practically all “crypto”, is a bald faced scam.
But this article is a low effort concern trolling op ed. Author tries their hardest to tar by association without actually saying anything of note. Dont bother giving them ad clicks. Highlights:
> his agency failed to warn investors about Terra and Celsius—whose collapses this spring sparked a trillion-dollar investor wipeout—the Securities and Exchange Commission chair allowed an even bigger debacle to unfold right under his nose
> Gensler, a former campaign finance chair for Hillary Clinton, is of course not the only prominent Democrat who may have been willing to flex his influence on behalf of FTX.
> Gensler is already shrieking for more money and power to address the latest crypto crisis, this would be a good time for skeptics to ask why he failed to stop FTX in the first place
Theres nothing here. Its the regular speculation and faux-questions-as-libel-defence that Fox and friends play “maybe Gensler and THE DEMS are criminal. Why is no one asking these questions?”
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[ 2.9 ms ] story [ 43.6 ms ] threadhttps://fortune.com/2022/11/10/crypto-regulation-ftx-sam-ban...
The DOJ and SEC have both been reported to be investigating.
If they get a direct question regd investigating FTX they will do the same considering they’ve already mentioned investigating the situation.
They are failing at promoting trustworthy and valid businesses, but it's "kind of odd" to twist that around as if it means promoting the scams.
That may be a problem, but it doesn't jibe with this article.
Somebody said, you know, the SEC can't arrest people.
But this article is a low effort concern trolling op ed. Author tries their hardest to tar by association without actually saying anything of note. Dont bother giving them ad clicks. Highlights:
> his agency failed to warn investors about Terra and Celsius—whose collapses this spring sparked a trillion-dollar investor wipeout—the Securities and Exchange Commission chair allowed an even bigger debacle to unfold right under his nose
> Gensler, a former campaign finance chair for Hillary Clinton, is of course not the only prominent Democrat who may have been willing to flex his influence on behalf of FTX.
> Gensler is already shrieking for more money and power to address the latest crypto crisis, this would be a good time for skeptics to ask why he failed to stop FTX in the first place
Theres nothing here. Its the regular speculation and faux-questions-as-libel-defence that Fox and friends play “maybe Gensler and THE DEMS are criminal. Why is no one asking these questions?”