HOLY CRAP! GENSLER MAKES HIS NEXT ATTACK ON CRYPTO! (HE’S PUSHING PEOPLE TO BUY BITCOIN)

HOLY CRAP! GENSLER MAKES HIS NEXT ATTACK ON CRYPTO! (HE’S PUSHING PEOPLE TO BUY BITCOIN)

Gary gendler once again declared war on cryptocurrency he just issued another Wells notice I want to go through what this means why it’s so idiotic and let’s just recap where we’ve been when Gary gendler was literally shaking trying to answer questions in front of Congress if you don’t mind hit subscribe turn on the Bell notification underneath the video so you can see future videos just like this we’re going to go through some of the top news today and what to look out for here today so be on the lookout stay through to the end of the video there’s also going to be a link to Marx underneath the video in case you want to trade cryptocurrency we are moving up Bitcoin hit 65,500 earlier today and we continue to move up from the range of 57 56,000 that we were in all the way up to the 64 65,000 as I said this is a good time to long I put on Longs down here and they paid off quite well so if you want to do the same thing you can check out the link underneath the video to Marx they also don’t have kyc which means you can set up your trading account in just a few seconds you don’t have to give out personal information there’s also a link down there to coin W as well I’ve noticed more people signing up there trying to start trading and also they are giving a bit of a deposit bonus when you sign up deposit at least 100 usdt worth and start trading you get $100 of usdt so definitely check that out you can also buy Spot over there now Bitcoin it’s moving up today the NASDAQ looks pretty good too at the time of this recording you can see we’re breaking out from this downtrend so we had gone from about 72 73,000 and just continuously gotten rejected by this line we broke out above it pretty much flipped it into support there and moved up now we also were past this kind of key area that I’ve been watching right around 64,500 we had gotten rejected there to be clear a couple times and seen it as support So we had seen support here support here gotten rejected right here gotten rejected here here and then we went above it so it will be interesting if we can flip that into support as well I think we’re going to move up again and it would be really nice if we could see a close above the $67,000 mark which is right where we saw some resistance in the past as well so we’ll have to be on the lookout for that but you know overall crypto’s looking pretty good here today moving back into the mid-60s which a lot of people were getting bearish on uh Bitcoin and crypto but as you know on this channel we might have some uh crazy thumbnails and crazy titles but that the theme is still the same you want to be in this asset class you want to have allocation towards crypto because it’s going to outperform just about everything there’s going to be volatility though so be ready for that now speaking of some volatility we well some people were not expecting this I think a lot of us though realize that SEC is going to continuously go after crypto apparently Robin Hood just received a Wells notice from the SEC for their Bitcoin and crypto business okay so SEC continues to go after Robin Hood this is usually an indication that they’re going to start suing you uh we get this or companies get this a few days before they get an official lawsuit um it’s it’s difficult to see this continue to happen for a variety of reasons uh one we just know that Bitcoin is a commodity there’s no question about it they should be able to sell it be able to have people exchange it it should not be an issue the crypto business you know there’s a back and forth as to what is a commodity what is a security you know what kind of Regulation there should be but we’ve gone through this a decent amount I mean we continue to see Gary gendler go out of his way they continue to lose in court whether it’s to Ripple whether it’s to coinbase whether it’s to other companies uh and basically they’ve been told by judges that they are overreaching that they are that they are abusing their power now Gary gendler likes to make posts like this basically saying there’s a lot of non-compliance it makes it hard for good actors to uh make it through and to uh compete against the Bad actors but that’s kind of virtue signaling at this point because crypto companies like coinbase are getting sued and they have literally uh been overseen by that SEC got an approval to go list um and yeah yet they’re coming after them years later trying to you know money grab or whatever they’re trying to do the fact is they’re not acting in good faith you can see here too they they will not give Clarity right crypto companies continue to ask for clarity but they’re not getting it and to be clear he’s going to talk about ethereum here just recently we saw SEC apparently has been probing the ethereum foundation for years so and this is a nonprofit group so let’s let’s listen to this again and then we’ll get into what this means for crypto ether is one of the um most popular digital assets and powers of ethereum blockchain uh back in 2018 then SEC Corporation Finance director Bill Henman Henman uh stated that he believed ether was not a security um last month cftc chair uh Benham expressed his view that ether is a commodity uh the State Attorney General of New York asserted in a court filing last month that ether is a security clearly an asset cannot be both a commodity and a security do you agree um I I if actually all Securities are commodity under the commodity exchange act it’s that we are excluded Commodities but I would agree that a security cannot be also an excluded commodity and an included commodity I’m sorry chair just to talk about the commodity exchange act more precisely okay so do you recognize how would you categorize ether then I think that the general sweep of what Congress did not just in the 30s but as a mandat I’m asking you sit in your chair now to make an assessment under the laws as exist is ether a commodity or a security without speaking to anyone I know you repeatedly you’re not going to speak to one except you’ve spoken to one Bitcoin so I’m asking you to speak to a second one the second largest market cap here and speaking to the tokens there’s 10 to 12,000 if there’s a group of entrepreneurs in asking public is anticipating a profit based on the I’m asking you a specific question cheer giner I said this in private this should be no shock to you I’m asking this question is it an e is ether a commodity or a security and again it depends on the facts in the law and if there’s a group of IND I’m asking about the facts in the law sitting in your seat and the Judgment you are making and so uh Mr chair I think you you would not want me to prejudge because I’m also but you have prejudged on this you’ve taken you’ve taken 50 enforcement actions we’re finding out as we go as you file suit as people get Wells notices on what is the security in your view in your agency’s view I’m asking you a very simple question about the second largest digital asset what is your view and my view is is if there’s a group of individuals in the mid middle that the public is antia so let me just ask a second question do you think it serves the market for an object to be to be viewed by the Commodities regulator as a commodity and the Security’s regulator to be viewed as a security do you think that provides uh safety and soundness for for for the product do you think it provides consumer protection do you see do you think it serves the value of innovation I think no should be a very simple answer for you here I think that uncertainty is bad is it not and I think that Congress has said that there’s one agency the Securities and Exchange Commission under this commit and you won’t answer my question and you’re the head of that agency so give me a break come on I’m answering it in the generic because you would not want me to speak about any one set of facts and Circumstance okay so but you’ve already spoken have you said anything about Bitcoin uh the the my predecessors and the agency itself is spoken to that okay but you’re not willing to do the same about ether I okay so let me just step back there’s a lack of clarity here in the marketplace can you at least agree to that I think that the clarity is there the law is clear that there’s a group let me be explicit about this the market doesn’t see it your regulatory actions and the cftc’s regulatory actions say that there’s a great deal of uncertainty here it is the intention of this committee to fix that uncertainty and actually uh provide a sound legal basis for this okay so that was from over a year ago they continue to issue Wells notices Without Really expanding on what ethereum is is a security is a commodity they’re not clarifying anything for crypto companies right crypto companies continue to reach out to the SEC saying hey can you walk us through this can you explain what we need to do to make everything compliant and they get crickets now to be clear I think crypto’s going to be fine right the problem is that it will leave the US and there are some countries that are doing something very similar to this but it makes it harder and harder for people want to want to work in the US which leaves less opportunity for us investors how can they sue coinbase and ripple years ago and then uh put out a Wells notice for Robin Hood when they’ve known when they’ve known exactly what they’ve been doing for years because they approved it to go IP back in what 2021 and I believe they had crypto at the time so there’s a lack of clarity right we continue to figure out as we go along what’s going to happen they’ve been probing more and more institutions more and more crypto companies and this is at a time keep in mind this is at a time it’s not like it’s not like they’re going after the bad companies right how many companies have gone bankrupt how many companies have taken money from investors that they did nothing about they’re going to Robin Hood to coinbase basically just the largest companies they can find that have the most money for them to extract but they’re also the best companies they’re like they’re the Pinnacle of what you can get in the US in terms of uh Clarity in terms of actually buying assets legally right like there’s just a massive problem they’re making it more and more difficult maybe this is part of some big consp iracy to only have the ability to go through Bitcoin ETFs even that they’ve talked about how even though they’re approving them they don’t necessarily uh think that you should buy the ETFs so yeah there is a lack of clarity of course there are bad bad actors in crypto we see that every single day and yet they’re not going after them they’re not it’s like it’s like a police force right that’s in a uh a city that has crime all over the place and they’re busting the person that’s riding their bike on the sidewalk right it’s it’s just insane and this at a time when national debt continues to grow I mean about $2 million the national debt goes up every minute and what do we need to get out of national debt well we need growth we need growth and they’re clamping down on one of the fastest growing sectors in the world so this is just unfortunate uh imagine they started clamping down on internet companies Google Apple um Microsoft all these companies during the ’90s and 2000s right how much potential value would the US have lost it’s unfortunate but it seems to continue day after day now of course we have not gotten news of a lawsuit yet it’s a Wells notice but it’s unfortunate now we will get numbers later today for the ETF inflows it’ll be really interesting to watch because we had such a strong inflow day last Friday we had Fidelity with over uh nine figures in inflows we had grayscale with a positive inflow day which really as I’ve said in previous videos that just indicates there are people foming in because there’s no reason to buy gbtc over these other ETFs unless literally you’re just trying to get in as quickly as possible or you don’t even know that there are other ETFs and you’re just like I need to get in this asset right now so yeah we’re seeing a lot of inflows it’ll be interesting to see how this shakes out towards the end of the day let’s see did Mr 100 buy any more Bitcoin no not today he has not bought since uh three days ago we’ll have to continue to monitor that as well now again if you want to trade cryptocurrency using leverage there are links to Marx and coin W and blof fin underneath the video of course whenever you deposit your crypto on a centralized exchange There is extra risk keep that in mind but but there is a need to put crypto on an exchange if you want to trade so just always put on crypto that you’re willing to lose because you know you never know what happens now in a bull market exchanges typically do extremely well there’s much less risk in a bull market than a bare market and the three different exchanges I’ve talked about have been around for a while I believe blin’s the newest one I could be wrong on that but coin W has been around since 2017 Marx has been around since 2020 so they made it through some bare markets now let me know your thoughts on all this underneath the video let me know what you think about Gary gendler I’m guessing you’re not going to think very highly of him but let’s hear it down below in the comment section thank you so much I will see you in the next video

In his own way Gentler is pushing people to buy bitcoin! Basically saying EVERYTHING else is a security but not providing any clarity on it! LMK your thoughts below! 👇

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