African-Americans Outpace Whites & Hispanics In Cryptocurrency Investments, A New Avenue to Wealth

[Propaganda]

Fucc out here with this silly shyt. You crypto clowns are real selective with the moral grandstanding.

The rules are clear and crypto can either get in line or keeping taking L's and bytching and moaning.

moral grandstanding? what the hell are you talking about?

how are the rules clear when gary gensler sits in front of lawmakers and can't even say whether a certain coin is a security (which would fall under his agency's purview) or not? after the sec took an L in the ripple suit? after they've been reamed by judges for being "arbitrary and capricious"? even a current sec commissioner has been shytting on them about this. so, what's clear about it? go ahead.

you seem to have a real crusade against this shyt so i dunno if you're just a fukking simpleton or some corporate wall street shill but either way, none of it makes any sense.

 

[ogc163]

moral grandstanding? what the hell are you talking about?

how are the rules clear when gary gensler sits in front of lawmakers and can't even say whether a certain coin is a security (which would fall under his agency's purview) or not? after the sec took an L in the ripple suit? after they've been reamed by judges for being "arbitrary and capricious"? even a current sec commissioner has been shytting on them about this. so, what's clear about it? go ahead.

you seem to have a real crusade against this shyt so i dunno if you're just a fukking simpleton or some corporate wall street shill but either way, none of it makes any sense.

A crypto bro who does not understand what moral grandstanding is...I'm shocked.

Riiigght, I'm a simpleton because I shyt on you clowns and the casino space masquerading as innovation.

Crypto doesn't deserve new rules and isn't even important enough to have that be taken into consideration. Repeating shallow talking points because you're aggy as fucc a major player like Coinbase doesn't hold enough weight for that to be taken seriously. Further, Hester Pierce's whining and moaning ain't moving the needle, so you clowns can let her get you riled up if you want.

The crypto space is trash at self policing and looks the other way at grimey behavior (as evidenced in this thread) but still want to cry like they're the little guys being bullied by the big bad institutions. Fucc outta here, you clowns should be happy and satisfied your new age degenerate casino is even tolerated.

 

[Propaganda]

A crypto bro who does not understand what moral grandstanding is...I'm shocked.

Riiigght, I'm a simpleton because I shyt on you clowns and the casino space masquerading as innovation.

Crypto doesn't deserve new rules and isn't even important enough to have that be taken into consideration. Repeating shallow talking points because you're aggy as fucc a major player like Coinbase doesn't hold enough weight for that to be taken seriously. Further, Hester Pierce's whining and moaning ain't moving the needle, so you clowns can let her get you riled up if you want.

The crypto space is trash at self policing and looks the other way at grimey behavior (as evidenced in this thread) but still want to cry like they're the little guys being bullied by the big bad institutions. Fucc outta here, you clowns should be happy and satisfied your new age degenerate casino is even tolerated.

ohhh, look at you, beloved...clutching your pearls about moral grandstanding as if you haven't been doing your anti-crypto virtue signaling routine from up on your high horse this entire thread.

and what an empty response. MY shallow talking points? lmaoooooo...literally everything you type is so surface level about this shyt. and you're so proud of it, too. it's hilarious. i'm quoting judges from the us court of appeals and you're seal-clapping, going "look at me, i'm shytting on crypto bros! durrrr, durrr...you're aggy! you're whining! durrr, durr!"

come on. make an actual argument about regulation. make it make sense.

or is "i am irrationally angry at an entire new asset class, so it doesn't deserve new rules or clear regulations!" the best you've got?

 

[ogc163]

ohhh, look at you, beloved...clutching your pearls about moral grandstanding as if you haven't been doing your anti-crypto virtue signaling routine from up on your high horse this entire thread.

and what an empty response. MY shallow talking points? lmaoooooo...literally everything you type is so surface level about this shyt. and you're so proud of it, too. it's hilarious. i'm quoting judges from the us court of appeals and you're seal-clapping, going "look at me, i'm shytting on crypto bros! durrrr, durrr...you're aggy! you're whining! durrr, durr!"

come on. make an actual argument about regulation. make it make sense.

or is "i am irrationally angry at an entire new asset class, so it doesn't deserve new rules or clear regulations!" the best you've got?

You didn't even understand the point about moral grandstanding hence you then start talking about clutching my pearls. The point is that you and your ilk are generally quiet when crypto actor's engage in fraud, criminality, and rug pulling (this thread has discussed how this impacts the Black community in particular) but then consistently embrace a David vs. Goliath narrative when you feel you're being bullied or treated unfairly. I and I'm sure others don't have sympathy for you people when you start whining because of the aforementioned behavior.

You quoting judges is the extent of your depth? Lol you are so deep, I wish I can get to your level of depth.

With the SEC's ability to appeal while anchoring their argument against Ripple on the longstanding Howey Test, the loss isn't as big you crypto folk's are making it seem. You clowns took that one win and have exaggerated it's impact.

The argument about regulations doesn't have to be deep, it's straightforward...

The SEC has a system that has been in place for decades and has worked for financial institutions large and small during that time.

The SEC like other federal agencies has discretion and their decisions are given Chevron deference. The deference isn't absolute and court's don't have to provide deference. But it's generally understood even by some conservatives that the administrative state is too complex to take away the discretion of the agencies and give that power over to judges in the absence of clear directions by congress. Now the Loper Bright case is the biggest threat to current paradigm, but it remains to be seen what will happen.

However, a court deeming a federal agency's actions arbitrary and capricious doesn't take away or undermine that general deference. Judge Torres's holding is currently not binding, is an outlier, and the SEC has continued to use Howey as the foundation of their actions against other crypto defendants.

 

[Propaganda]

You didn't even understand the point about moral grandstanding hence you then start talking about clutching my pearls. The point is that you and your ilk are generally quiet when crypto actor's engage in fraud, criminality, and rug pulling (this thread has discussed how this impacts the Black community in particular) but then consistently embrace a David vs. Goliath narrative when you feel you're being bullied or treated unfairly. I and I'm sure others don't have sympathy for you people when you start whining because of the aforementioned behavior.

You quoting judges is the extent of your depth? Lol you are so deep, I wish I can get to your level of depth.

With the SEC's ability to appeal while anchoring their argument against Ripple on the longstanding Howey Test, the loss isn't as big you crypto folk's are making it seem. You clowns took that one win and have exaggerated it's impact.

The argument about regulations doesn't have to be deep, it's straightforward...

The SEC has a system that has been in place for decades and has worked for financial institutions large and small during that time.

The SEC like other federal agencies has discretion and their decisions are given Chevron deference. The deference isn't absolute and court's don't have to provide deference. But it's generally understood even by some conservatives that the administrative state is too complex to take away the discretion of the agencies and give that power over to judges in the absence of clear directions by congress. Now the Loper Bright case is the biggest threat to current paradigm, but it remains to be seen what will happen.

However, a court deeming a federal agency's actions arbitrary and capricious doesn't take away or undermine that general deference. Judge Torres's holding is currently not binding, is an outlier, and the SEC has continued to use Howey as the foundation of their actions against other crypto defendants.

you're generally quiet about big banks' fraud, criminality and rug-pulling. is that you engaging in moral grandstanding then?

and you finally decide to step up your game. very good.

ahhh the sec's ability to appeal, eh? https://www.reuters.com/legal/us-sec-cannot-appeal-ripple-labs-decision-judge-rules-2023-10-04/

ahhh the howey test. the one written in 1946 about orange groves and citrus sales. yeah, what a completely logical and reasonable standard to apply to a nascent digital investment product in 2023. per the ripple case ruling though, the secondary sales of xrp did not satisfy the dumbass howey test, and were not deemed as securities, which is the part that buyers of crypto actually cared about. so yeah, the sec taking the L on that mattered.

the rest of that editorialized cut and paste job is irrelevant. especially considering there are no clear directions by congress, which is the whole fukking point. there should be a regulatory framework put into law so everyone in the space knows what time it is out there and can color inside the lines instead of trying to guess where the fukking lines are and hope they didn't cross them just by existing.

 

[ogc163]

you're generally quiet about big banks' fraud, criminality and rug-pulling. is that you engaging in moral grandstanding then?

I'm not an advocate for big banks, so me being quiet nor not is irrelevant. And bringing up my silence regarding their behavior makes me question if you even understand the concept of moral grandstanding in this context.

On the other hand you are seemingly an advocate of crypto, and yet you and the rest of you crypto clowns have been consistently silent when crypto institutions engage in nefarious behavior. For all the interest, enthusiasm, and supposed knowledge of the space, crypto bros on the coli don't have a good track record of calling out frauds and bullshyt before shyt hits the fan. And when shyt does hit the fan, too often crypto bros start whining and crying about "FUD" and constructing elaborate David vs Goliath conspiracy theories instead calling out the bad behavior.

I on the other hand have called out FTX, Silvergate, and Binance way before regulatory agencies decided to step in.

ahhh the howey test. the one written in 1946 about orange groves and citrus sales. yeah, what a completely logical and reasonable standard to apply to a nascent digital investment product in 2023.

The Howey Test is good enough for the rest of the financial industry, it is good enough for tecno casino known as crypto. There is nothing about crypto or bitcoin that warrants special treatment or heightened investment in a new regulatory framework.

 

[ogc163]

Federal Court Enters Order Against Binance and Former CEO, Zhao, Concluding CFTC Enforcement Action​

Zhao to Pay $150 Million and Binance to Pay $2.7 Billion to CFTC​

December 18, 2023

Washington, D.C. – The Commodity Futures Trading Commission today announced the U.S. District Court for the Northern District of Illinois has approved the previously announced settlement and entered a consent order of permanent injunction, civil monetary penalty, and equitable relief against Changpeng Zhao and his companies Binance Holdings Limited, Binance Holdings (IE) Limited, and Binance (Services) Holdings Limited (together, Binance). In formalizing the settlement initially announced on November 21 [See CFTC Press Release No. 8825-23], the court finds Zhao and Binance violated the Commodity Exchange Act (CEA) and CFTC regulations, imposes a $150 million civil monetary penalty personally against Zhao, and requires Binance to disgorge $1.35 billion of ill-gotten transaction fees and pay a $1.35 billion penalty to the CFTC. The order also obligates Zhao and Binance to make certifications as to the existence, application, and efficacy of Binance’s improved compliance controls, and permanently enjoins them from further violations as charged. [See CFTC Press Release No. 8680-23]

Case Background
As previously announced, the order finds Binance, at Zhao’s direction, actively solicited customers in the United States, including quantitative trading firms, who entered into digital asset derivative transactions directly on the Binance platform. In violation of its own Terms of Use, Binance also allowed at least two prime brokers to open “sub-accounts” that were not subject to Binance’s know your customer (KYC) procedures and enabled U.S. customers to directly trade on the platform. The order further finds Zhao and Binance were aware of U.S. regulatory requirements, but chose to ignore them and knowingly concealed the presence of U.S. customers on the platform. The order also finds Zhao and other members of Binance’s senior management actively facilitated violations of U.S. law, including instructing U.S. customers to evade compliance controls.

In connection with the order, Binance and Zhao have certified that, subsequent to the filing of the CFTC’s complaint, Binance has offboarded the quantitative trading firms identified in the CFTC’s complaint as they do not meet Binance’s improved onboarding criteria. Binance and Zhao also certified that any customer who seeks to onboard, whether through a primary or “sub account,” must complete all KYC onboarding procedures. The order requires Binance and Zhao to make additional certifications, including that Binance will no longer allow existing sub-accounts, including those opened by prime brokers, to bypass the platform’s compliance controls. Also, after applying all KYC policies and procedures to all existing sub-accounts, Binance will offboard every account that fails to meet its compliance controls. In addition, the order requires Binance and Zhao to certify Binance will implement a corporate governance structure that includes a Board of Directors with independent members, a Compliance Committee, and an Audit Committee.
A separate order, also issued by Judge Manish S. Shah, requires Binance’s former Chief Compliance Officer Samuel Lim to pay a $1.5 million civil monetary penalty for aiding and abetting Binance’s violations and engaging in activities outside of the U. S. to willfully evade or attempt to evade U.S. law.

Federal Court Enters Order Against Binance and Former CEO, Zhao, Concluding CFTC Enforcement Action | CFTC

www.cftc.gov

The CFTC out here creating FUD again...amirite?

 

[Propaganda]

I'm not an advocate for big banks, so me being quiet nor not is irrelevant. And bringing up my silence regarding their behavior makes me question if you even understand the concept of moral grandstanding in this context.

On the other hand you are seemingly an advocate of crypto, and yet you and the rest of you crypto clowns have been consistently silent when crypto institutions engage in nefarious behavior. For all the interest, enthusiasm, and supposed knowledge of the space, crypto bros on the coli don't have a good track record of calling out frauds and bullshyt before shyt hits the fan. And when shyt does hit the fan, too often crypto bros start whining and crying about "FUD" and constructing elaborate David vs Goliath conspiracy theories instead calling out the bad behavior.

I on the other hand have called out FTX, Silvergate, and Binance way before regulatory agencies decided to step in.


The Howey Test is good enough for the rest of the financial industry, it is good enough for tecno casino known as crypto. There is nothing about crypto or bitcoin that warrants special treatment or heightened investment in a new regulatory framework.

ohhhh you are such a hero. calling out the industry you have seething hatred for. congratulations, man. where we would be without you constantly whining about 'crypto bros'? do bad companies deserve to get shyt on? sure. but ftx isn't crypto, silvergate isn't crypto, binance isn't crypto. that's what you seem to get tripped up on.

and no, the howey test and whatever rag-tag, on-the-fly decisions the sec makes in regards to regulation is absolutely NOT good enough for this market. if it were, you wouldn't have everyone in the space complaining about it. blockchain companies wouldn't be moving out of the us. none of the banks, companies and institutions would be citing "regulatory clarity" as one of, if not, the biggest obstacle from actually implementing the tech in their businesses. the sec, the cftc, other agencies, congress, they'd all be on the same page with this...they are not.

but yeah, if you say the thing from 80 years ago about selling oranges on leased land is a totally fine way to regulate digital assets in 2023, then it certainly must be fine. so fine, in fact, that the head of the sec itself can't even seem to decide whether the 2nd biggest crypto on the market is a security or not, let alone explain why.

 

[ogc163]

but ftx isn't crypto, silvergate isn't crypto, binance isn't crypto. that's what you seem to get tripped up on.

Ok, you got it.

 

[Serious]

@ogc163 https://www.cnbc.com/2024/01/23/bitcoin-breaks-below-39000-as-post-etf-tumble-continues.html

 

[Serious]

@ORDER_66

 

[ADevilYouKhow]

I’d rather drink mercury

 

[Propaganda]

I’d rather drink mercury

 

[ORDER_66]

@ORDER_66

 

[Kenny West]