Ethereum may just DESTROY the SEC. Here’s how its happening ..

Ethereum may just DESTROY the SEC. Here’s how its happening ..

hello everyone and there’s something we
have to discuss yes it is ethereum
consensus suing the
SEC and they’re suing SEC for maybe the
SEC hasn’t even sued ethereum yet but
ethereum took the initiative this time
they’re bringing the fight to the SEC
and this could be a huge huge problem
for Gary guinsler and Co because
ethereum knows a lot of dirty stuff
about the SEC maybe even better than
Gary giner knows and this is why
remember all that stuff about like
ethereum gate and stuff that didn’t
happen under Gary ginzler that happened
under um Jay Clayton and the previous
administration so ethereum Joe Luben uh
you know vitalic butan they know all the
details they were there while Gary
ginzler he was not there at that time
because he was still at MIT saying how
awesome crypto was at that time but he
completely changed his tune and because
they’re getting really really desperate
on their legal cases and they realize
that if they don’t Sue ethereum they
can’t win any of their other uh crypto
cases and they have no chance at an
appeal at the Ripple case they’re
basically being forced to say that
ethereum is a security but that has a
lot of problems and implications because
you’ve been saying for the last six
years that ethereum wasn’t a Comm
commodity and I think we can tell that
they don’t really want to anger
consensus or ethereum because they’ve
been tiptoeing around this they’ve been
doing everything they can except saying
that ethereum is a security because if
they say ethereum is a security then all
hell will break loose folks all hell
will break loose if they say ethereum is
a security and what I mean by that is
like the ethereum foundation consensus
could actually op to go the scorched
Earth policy because they have all the
receipts they know the corruption that
went on with him and and Clayton and
they can bring all of that out those
secret handshake deals out cuz if you’re
going to try to take us down then we’re
going to bring you down with us and that
might be why it’s such a headache for
the SEC because they know the other side
has all the receipts and if things go a
foul they could actually fight it via
Scorch Earth policy now all of us of
course are assuming that there was
corruption between the SEC uh Jay
Clayton Henman and ethereum we don’t
know that for sure but the way that
they’ve been acting how much the SEC
tries to block emails and information it
really honestly seems like that is
indeed the case so let’s actually look
at that let’s actually look at that
again and uh realize how much of a pain
in the ass this can be for Gary guinsler
and the
SEC because that a lot of their stuff
could actually be unveiled they have to
be very very careful and hand handle
this diplomatically and and Gary ginzler
has not been very good at diplomacy
angry everyone in the process the thing
is they’ve kind of kind of tra
themselves by like saying that ethereum
is not a security when ethereum actually
did have an Ico and um they didn’t
really Sue anyone in ethereum and
they’re they were actively working with
consensus and they realized that they’re
like oh ethereum is decentralized enough
argument isn’t really working especially
because um sometime during the case they
said how decentral as a project just has
nothing to do with if it is or not a
security and the trouble was brought to
light by the Ripple case and everyone
else is catching on folks everyone else
realizes that we can actually use this
against the SEC in our cases now they
can score a couple of wins against loow
hanging fruit like dquan but against
well-funded projects that can indeed
defend themselves they cannot win they
haven’t won against coinbase they
haven’t won against binance and in fact
a couple of weeks ago if you guys
remember that class action lawsuit
against coinbase where um a bunch of
investors maybe prompted by the SEC sued
coinbase for selling unregistered
Securities that one actually got
dismissed so the SEC is definitely
batting a o for one there and they’re
afraid that that’s how it’s going to
rule for the rest of everything else too
so they’re trying to bring out
everything in the kitchen sink well it’s
not working consensus is not having it
and um they actually do have a lot of
the receipts between the chats so this
is a big big headache for Gary guinsler
because if he doesn’t handle this right
all that stuff might actually become
exposed and people will see the SEC for
what it has been in terms of crypto for
the last five or six years and that is
not something that Mr guinsler is
actually interested in because I bet he
knows a lot of the details being the
current commissioner and a lot of the
past commissioner stuff was pass uh
passed on to him and of course this
would actually make the SEC lose all
face and all credibility not only for
crypto companies they don’t have much
face or credibility with crypto
companies but with judges as well
remember two SEC judges recently got
sanctioned in the debt box case and if
all this stuff comes out I think a lot
more SEC lawyers and maybe even SEC
officials will be up at the stand and um
they’ll be sanctioned as well Gary
ginzer also might get fired because
there are already several people in
Congress on both sides of the aisle that
are basically gunning for his neck at
this point especially the pro crypto
people so he’s got a lot of enemies in
Congress yes he’s got allies like
Elizabeth Warren Brad Sherman and Co but
he’s got a lot of enemies in Congress as
well and the pro crypto faction in
Congress is actually growing stronger
and stronger so he’s got a lot of issues
right now um with actually what he’s
doing right now and the way this is
turning out and he does not want this to
get big but he also doesn’t have much of
a choice whether it gets big or not
because if he doesn’t let it get big
then he might actually just have to give
up his Crusade against crypto and
Elizabeth Warren and other people that
are supporting him may not let him do
that so he is in a very very bad spot
right now and ethereum knows that they
have a lot of leeway with Gary ginzler I
think that’s why they took the
initiative to sue Gary ginsor first and
they did not wait for Gary ginsor to
make the first move but they made it
first that makes perfect sense if you
really think about how things are
working out so I find this very very
interesting the SEC might be completely
screwed at this point and uh we’re just
looking to find out the results and this
is going to be just a case just for us
to sit back and watch and see what
happens because it’s it’s really like
anyone like it’s really anybody anyone
anybody’s ball game and this might
really help the rest of crypto right now
because like Joe Luben is pro Joe Luben
vitalic is probably very upset at Gary
ginsor trying to turn around the
ethereum narrative and they’re not going
to let him do it Gary ginzler doesn’t
want all the stuff on the SEC to be
exposed because that would hurt him as
commissioner as well as hurt the SEC and
uh the rest of us can just sit back and
laugh because if ethereum throttles the
SEC in this case then I’m pretty much
the SEC is done when it comes to
regulating cryptocurrencies because the
courts won’t listen to them anymore if
they’ve lost all credibil ility so let’s
sit back and watch the show and see what
happens now in other news um binance is
actually going to inative uh enable
liquid staking on the BSC chain liquid
staking is a big thing allows you to do
other things while staking the coin and
is very very attractive to many holders
especially if you’re going to be holding
long coin longterm if you want to stake
and yield Farm you can do that the BMB
chain core development team said the
move aims to stream line the network and
improve
efficiency uh BNB chain said it was will
enable native liquid staking on its BNB
smart chain as part of its shift to
migrate the BN to migrate the BNB Beacon
chain functions to BSC as the former is
wound down so they’re going to shut down
Beacon chain go to BSC we all knew that
already in an announcement sent to coin
Telegraph BNB chain noted that BNB
Beacon chain will completely shut down
by June 2024 however the company said it
will transfer its features to BSC before
it closes so get your stuff on BSC
liquid staking allows you to get double
the money uh with the same amount of
coins so that’s obviously a pretty good
thing for holders of BNB so that’s very
very interesting liquid staking not only
rewards BNB stakers uh but also enhances
security for the B&B chain Network it
offers B&B holders incre increased
flexibility in staking their assets and
more options for staking BNB this team
explained that when BNB holders stake
their tokens in the liquidity pool they
can receive liquidity provider tokens
which they can use in many activities
within the ecosystem according to one
devel to the development Team Liquid
staking and maximum extractable value
optimization for BNB chain will be
rolled out together so there’s a lot of
new stuff coming for BNB and that will
obviously boost the price of BNB coin
even further so yes just because CZ
might be under house arrest or might be
under probation for a while does not
mean that B&B is going to go down yes CZ
was the heart of binance but
realistically his wife is still kind of
running binance so even though he’s
technically not having anything to do
with binance he definitely is still kind
of like controlling things behind the
scenes and there’s really not much they
can do to actually stop that at this
point yes he had to pay a $50 million
personal fine but he’s got plenty of
money binance had to pay 4.3 billion
they paid it they’re out of the United
States now much to the chargon of many
US users but binance is going to keep on
expanding and I do believe BNB will
continue to do well so that’s the news
for today let me know what you think
like And subscribe hit that Bell
notifications button thank you and have
a nice day

#crypto #sec #ethereum

Ethereum may just destroy the SEC and its starting by suing the SEC now.
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