SEC and SBF

So i had an amazing day reading some really hilarious things.

More information is emerging about the war that the head of the SEC, Gary Gensler, has with crypto and crypto exchanges. This time, we learned that before the SEC sued Coinbase, they first suggested that if Coinbase wanted to avoid being sued, they had to delist and remove all cryptocurrency trading except Bitcoin. Of course, the SEC, in their response to Coinbase's CEO, used an even milder language,

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stating that in the course of an investigation, the staff may share its own views on what conduct may raise questions for the commission under the securities laws.

source

However, we can all agree that they attempted to extort a publicly traded company that they had helped to get an IPO.

On another note, we see the reappearance of Sam Berkman Fried, as the new management of FTX sued him with allegations of:

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• Gifting $10 million to Bankman-Fried’s father, cash that FTX believes is now being used to bankroll SBF’s legal defense.
• Routing $725 million in FTX stock to company executives who provided nothing in return that would justify the equity.
• Using $546.1 million to buy a stake in Robinhood.

Furthermore, he attempted to influence the criminal trial over his actions at FTX by leaking the personal diaries of his ex, Caroline Ellison, who was the CEO of Alameda Research, the FTX-affiliated crypto trading firm the company allegedly funneled customer funds to.

God this SBF is a total idiot i still can't understand how he created FTX and made to the biggest US crypto exchange.

Posted Using LeoFinance Alpha