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seems the SEC thinks Solana, Cardano, Polygon, Cosmos, Algorand etc are ALL securities
this gets Coinbase, Robinhood etc involved as well
time to put the interchain bullsh*t aside and unite against the war on crypto
the SEC is unhinged and must be stopped pic.twitter.com/Win17xRJOP
— lightspeed mert | helius.dev (@0xMert_) June 5, 2023
🙏 “a perfect opportunity for the entire industry to set aside it’s fragmented nature and unite for a common sense set of rules and guidelines”
— CZ 🔶 Binance (@cz_binance) June 5, 2023
1/ The SEC complaint against @Binance appears to solve the mystery of why Brian Brooks abruptly resigned as CEO of @BinanceUS in 2021.
CZ allegedly reneged on promises that Brooks would be given autonomy to run https://t.co/reBq6K7KAs independently from @Binance.
— MetaLawMan (@MetaLawMan) June 5, 2023
Who protects you more?
— CZ 🔶 Binance (@cz_binance) June 6, 2023
🙏 we will see soon enough.
— CZ 🔶 Binance (@cz_binance) June 6, 2023
Earlier tonight the Third Circuit issued a short order in Coinbase’s mandamus action today. The court noted the SEC’s suit against us this morning and asked the SEC whether that means the SEC has decided to deny our pending petition for rulemaking. The SEC has 7 days to respond. pic.twitter.com/8QXXoHJ07Z
— paulgrewal.eth (@iampaulgrewal) June 7, 2023
If the SEC’s legal theories on investment contracts are right, then basically all luxury goods in existence—watches, sneakers, cars, handbags—are securities.
The idea that the SEC should regulate markets for these goods is…I don’t know how else to say it…pants-on-head crazy.
— Jake Chervinsky (@jchervinsky) June 7, 2023
1/15
Evidence from SEC case against Binance including internal chat logs, first between Sam Lin (former compliance lead at Binance) and Alivn (previously head of BD)
First is their convo about equity bonuses where Sam talks about risks of holding BNB pic.twitter.com/96IfwJEUOT
— Adam Cochran (adamscochran.eth) (@adamscochran) June 7, 2023
“Documents filed by the SEC on Wednesday indicate that attorneys from Gibson & Dunn and Latham & Watkins, one of Binance’s law firms, allege that Gensler offered to serve as an advisor to the crypto exchange in several March 2019 conversations with Binance executives and Zhao. He…
— Frank Chaparro (@fintechfrank) June 7, 2023
This is simply false. Not sure if it’s the journalist or the source.
To the best of my knowledge, https://t.co/hSHrrlF7o7 had in total roughly $2 billion in user funds. This number in USD equivalent fluctuates a little as crypto prices change. And declining as users withdraw due… pic.twitter.com/5dBPRaaNZN
— CZ 🔶 Binance (@cz_binance) June 8, 2023
The SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the American digital asset industry. https://t.co/AZwoBOgsqS and our business partners have not been spared in the use of these tactics, which has created… pic.twitter.com/rlIe6swIoY
— Binance.US 🇺🇸 (@BinanceUS) June 9, 2023
#Bitcoin Time & Cycles ⏲️🌀
SEC news brought blood in the market, yet each cycle this kind of thing happens. It’s nothing new in this wild market.Whales love to dump it on the weekends.If you’re an investor, zoom out & don’t get stuck in the lower time frames. 🤝If you’re a… pic.twitter.com/1eCn8dL8n6
— Titan of Crypto (@Washigorira) June 10, 2023
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