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Thatโ€™s what Gensler says now. But watch and listen to what he said in April 2018 - ALMOST 5 YEARS AGO! ๐Ÿ‘‡๐Ÿ‘‡

While at MIT, he said the market needed clarity and that even @Ripple and #Ethereum deserved clarity. Today, Gensler wonโ€™t even admit #ETH is a non-security.

#shameful https://t.co/FF17QgpTIr
On Tuesday, January 3 on Making Money w/ @cvpayne, we will discuss @SBF_FTXโ€™s plea entry and what it means, but weโ€™ll also discuss 2023 and what Crypto regulations might look like.

@GaryGensler says existing rules and laws are crystal clear for Crypto?๐Ÿ‘‡

https://t.co/2MvfC9jk4O
@robfirstname Yeah that one really grinds my gears.
I donโ€™t think any Gensler video was put in evidence. Even if it was the SEC would argue that the utility to which Gensler refers was an โ€˜effort of othersโ€™ for the purpose of the Howey test. This wouldnโ€™t make XRP itself a security but could make some Ripple sales to be /1 https://t.co/hWnihjlM1Y
We need a law passed that crypto media writers are NOT allowed to write about $XRP if they either don't know, or pretend they don't know, the difference between $XRP & Ripple.
@Timcast If I didn't know you better I'd call you Tim Peta after this ๐Ÿ˜‚

But to answer the question: No I would not care for that. To fix the problem we'd have to write a computer virus, fly into the mother ship, upload it, and launch a nuke to destroy them. Just like in the movies.
๐Ÿค˜๐Ÿป https://t.co/hf3aSA6OBE
Jeremy Hogan @attorneyjeremy1
I own XRP because I know Ripple can't be sued again.

I own ALGORAND because the Algorand Foundation won't be sued at all: https://t.co/b3x7ENCU9t
South Park made a video making fun of the former CEO of FTX, Sam Bankman, and it's hilarious ๐Ÿ˜‚ https://t.co/Y0HGtF3MPL
โค๏ธ Find you a publication that loves you like @nytimes loves @SBF_FTX โค๏ธ https://t.co/Jp9v7r4nib
It is no surprise that the SEC given its conduct is seeking an injunction against a subsidiary of LBRY which is not a party to the proceeding in circumstances in which Odysee has not paid its employees since early December, has $7,631.57 in its bank account and is insolvent /1 https://t.co/iSqxe1Wbdf https://t.co/NQVEfepTm0
@thebearablebull Yep. If there's a settlement between Ripple & the SEC I'll still be tremendously worried about all of the other coins I hold.
@Freki_OG @ThinkingCrypto1 Saying something like that is a much better indication of bias than it is of anything else.
@FilanLaw The ruling on this motion will truly reveal the type of judge in the case. Clearly a I'll-lean-towards-the-fed-gov jurist, does he recognize the bad-faith of the SEC here and adjust his stance or cling to his precept that gov can do no wrong?
@Jay_SpendDBits @Dr_CSWright Wait, you mean to tell me heโ€™s NOT the real Satoshi Nakamoto??! ๐Ÿ™ƒ
Satoshi Nakamoto blocked me on Twitter.

Iโ€™m devastated.
@elonmusk @JohnnaCrider1 They had my name every time. Because fun fact: Every male born in the 80s is named Matt ๐Ÿ˜‚
Letโ€™s review an important thing I call FACTS.

Over a dozen investigators from the @SECGov investigated @Ripple @bgarlinghouse @JoelKatz and @chrislarsensf for 30 months issuing dozens of subpoenas to every Ripple partner or investor that was doing business in the United States. https://t.co/ysLDIeK6Zw
@Dr_CSWright At least I don't abuse the legal system to silence my critics and steal.
The COURT - NOT the SEC - decides what is or isnโ€™t a security. As the SEC admitted, the SECโ€™s case against any token or asset (eg XRP) is only a theory and the Judge decides whether that theory is valid.
Benโ€™s point is becoming even more important for people to fully grasp as we move forward. The SEC admitted this in its opposition brief to my Writ of Mandamus when it stated:

โ€œThe SDNY Court supplies the exclusive method for testing the validity of the Commissionโ€™s complaint.โ€ https://t.co/zfj7c1Cyst
This is such a bad take, but he certainly delivers this nonsense with conviction at least. https://t.co/kUnumRgVyC
CNBC @CNBC
. @jimcramer weighs in on crypto after the FTX collapse: "I would not touch crypto in a million years." https://t.co/iFF1KfKYsb https://t.co/7xAJu67brC
Bitcoin echo chambers result in this kind of mind-warp. ๐Ÿ˜‚

Let's apply this logic elsewhere & see how it holds up:

JUST IN: ๐Ÿ‡บ๐Ÿ‡ธ Texas serial killer voluntarily stopped murdering people to "return safety to society" during scary time.๐Ÿ™Œ๐Ÿป

Texas serial killer makes society safer!๐Ÿ™Œ๐Ÿป https://t.co/Fj3OE6HXIY
Sam Bankman-Fried at JFK airport last night in AA Business Class lounge.๐Ÿ‘€ https://t.co/G87qH4D04y
@TXMCtrades I'm one of the people that was unaware of this. But that's not the most ridiculous part. The most ridiculous part is that the only collateral is SBF's parents house which is reportedly worth $4 million.

Might as well say bail is eleventy-billion if it's not a requirement.
โ€œOn Oct. 5, 2021, Bankman-Fried, FTX GC Ryne Miller, and then-FTX President Brett Harrison went to dinner at luxury Indian restaurant Rasika West End with Dan Berkovitzโ€ฆโ€

Berkovitz went on to become SEC GC. @SECGov announced his resignation yesterday.

https://t.co/FbsISIPW4z
SEC Attorney Dan Berkovitz was the first pawn-sacrifice in the FTX debacle (he announced he's leaving the SEC at end of January). Below is his email with SBF discussing how impressed he is that FTX sponsors MLB.

Read more here (IF you must!):

https://t.co/GbcsmGeiPQ https://t.co/d8JW6vr8xF
@GrahamStephan My brother calls the lottery the "idiot tax".
@elonmusk @RealDanODowd Even if what he were saying was true, what's his point? That technology isn't perfect so no one should try to make it better? No one should invent stuff if it doesn't work perfectly right away? Seems disingenuous.
@HammerToe @Justin_Bons I guess he's whining about XRPL coming to consensus without mining, which of course is used to reach consensus for Bitcoin. Both blockchains must, and do, reach consensus. But some people feel that reaching consensus without mining is original sin. So they tear it down.
@HammerToe @Justin_Bons It's obvious that the network participants of both $BTC & $XRP collectively make decisions about those networks within the confines of the rules set by the code. Participation is voluntary and no one can come in with a hammer and destroy what the network participants want.
@HammerToe @Justin_Bons All forks of BItcoin are actually Bitcoin, just like Bitcoin is Bitcoin. Even though they're not fungible with one another, are completely separate blockchains, literally not called Bitcoin, and largely different community & developers. ๐Ÿ˜‚ Astounding lack of logic.
@MoonLamboio @Justin_Bons He is yet to answer my "which is the real Bitcoin" question, as in order to do so he has to admit that all cryptocurrencies are based on social consensus to some level. Which undermines his own argument.
HOW IS IT POSSIBLE THAT IN LESS THAN 2 YEARS #COINBASE IS ALLOWED TO GO PUBLIC AND IS ALSO PUBLICLY COMPLIMENTED BY THE CRYPTO CZAR OF THE SEC, BUT NOW THE SEC SAYS THE RUNWAY IS RUNNING OUT?

Is that how our financial markets are overseen in the United States today? https://t.co/R6y3ElEngI
Still a bit confused by people in MSM who keep pushing the narrative that @SBF_FTX put up his own money for bail bond today. He could very well still have $100K in his bank account. He canโ€™t use his own funds as a court would never let a suspect use their own funds
@HammerToe @Justin_Bons What people like him are actually advocating for is a system of anarchy. If there is no social consensus among network participants, then what you have is a state of anarchy in which everything goes (No one could tell a participant "no"). This would make any blockchain useless.
๐ŸšจSCOOP: The SDNY is getting ready to announce more indictments against players with ties to FTX/Alameda. Iโ€™m told an announcement could be made as soon as Monday.
@ProCoinNews ๐Ÿ˜‚ he looks ready to get at it!!
@GRDecter I hope the artist of this doesn't do caricatures for a living.
JUST IN: SBF escorted out of courthouse after posting $250 million bail. https://t.co/rUDyaMWnjD
@JPMoneyXRP Yes, best friends ๐Ÿค˜๐Ÿป
@Cratez9 Lol I was imagining a *warm* beach ๐Ÿ–
@drea_nub Youโ€™ll have to convert that to Fahrenheit for me first ๐Ÿ˜†
@aspenso2 My pet Peeve would hate me ๐Ÿถ
It is currently -3 degrees outside where I live.

I need to move.

If someone shows me a beach theyโ€™re at right now then we are not friends.
So @SBF_FTX is out on bail, has no restrictions on his use of computers, and follows me on Twitter. Awkward.
What tools ๐Ÿ›  in the tool ๐Ÿงฐ box have you utilized other than enforcement? Youโ€™re a one trick pony and you had back door meetings with the number one fraudster in Crypto while you punished good actors.

Who has Gensler protected? Letโ€™s quickly review. https://t.co/vE9wGTIaLq
@coryklippsten Do you have evidence that customer assets are not backed 1:1?

Is there a separate particular concern?

CZ has been evasive on simple questions, and news of the former CFO not having access to all company financials is bizarre. But what exactly are we talking about here?
(1/5) Just 5% of the market cap of the top 15 blockchain protocols are in projects domiciled in the U.S. versus 78% for internet companies.

The state of crypto-asset regulation is the polar opposite of the rest of the internet. The impact is clear.

A brief explanation why๐Ÿ‘‡ https://t.co/5h7EZYmhHo
Statement of U.S. Attorney Damian Williams on U.S. v. Samuel Bankman-Fried, Caroline Ellison, and Gary Wang https://t.co/u1y4cs3Koz
@bgarlinghouse Same goes for JP Morgan & manipulating precious metals
The commodity or asset isnโ€™t bad (silver / gold) just as digital assets arenโ€™t bad #btc #eth #xrp #xrpl

Itโ€™s the BAD ACTORS in centralized systems

Crypto is working as it shouldโœ…

@RepTomEmmer

https://t.co/P3J8fCcV7M
The world is (appropriately) outraged by SBF and FTX's fraud, but when Wells Fargo mismanages billions in customer funds as well, it's barely a blip on the radar. Food for thought.... https://t.co/uHnumn4Ryi
@ADingoAteMyXRP @martian2022 @scaruso123 @Ripple @FilanLaw @CryptoLawUS @attorneyjeremy1 @DigPerspectives @digitalassetbuy @MoonLamboio @WorkingMoneyCH A big factor will likely be how long the SEC thinks it will be before new laws are passed to regulate cryptocurrencies. If a legal precedent will control the industry for decades, that's different from one that's an intepretation of a law that will be irrelevant in a year or two.
What do you do when you find yourself riding up a cliff on a jackass?

You hold on tight.

There's a life lesson in there somewhere. https://t.co/0h0mGoYaZF
Quite a bold move from @paxful CEO removing $ETH from its platform which currently serves over 11 million people. @raypaxful cites โ€œintegrity over revenueโ€ for the move, calling ETH centralized and its tokens โ€œscamsโ€. https://t.co/k8Pb0TvFUI
@MoonLamboio @Ripple I heard all of their escrowed XRP is behind a very powerful safe on the 31st floor.
@XRP_Productions @Ripple I'm watching Ocean's Eleven & taking notes to prepare for the heist.
Literally no one at LBRY is receiving a paycheck right now. We're that broke.

Meanwhile the SEC is alleging we have millions in hidden money and is continuing to try to draw things out just to punish us extralegally.

They're so fucking disgusting.
@FilanLaw @scaruso123 @Ripple @CryptoLawUS @DigPerspectives @digitalassetbuy @MoonLamboio @WorkingMoneyCH If she rules simply that there was absolutely no Sec. 5 violation, what is there to "stay" other than the typical post-judgment motions on costs, etc.?
@scaruso123 @Ripple @CryptoLawUS @attorneyjeremy1 @DigPerspectives @digitalassetbuy @MoonLamboio @WorkingMoneyCH The SEC will ask to stay the judgment pending itโ€™s appeal to the Second Circuit. That means it will ask the court not to enforce the judgment until the appeal is over. That would be an epic battle between the parties and whether the court agrees to that remains to be seen.
#xrparmy already knew this, but SEC end game is fully revealed by this filing: (1) deliberately say nothing of 3rd-party transactions and future secondary market transactions to preserve weaponized ambiguity and maximum prosecutorial discretion and (2) keep each enforcement...1/2 https://t.co/3EF649p2Hh
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