Today, 05:00 PM
Looks like the big exchanges are being targeted for shut down by SEC, ahead of CBDC/digital dollar rollout slated for October (rollout time according to LaGarde). Binance and Coinbase just sued by SEC and essentially labeled fraudulent scams. Gensler went on CNBC today claiming that it's fraudulent and a conflict of interest for an exchange to also run a hedge fund, comingle funds, manipulate prices and bet against customers, which is essentially what FTX, Binance, Coinbase, etc have been doing. I actually agree with him on that point. The sheer irony and balls on that man to say that with a straight face, however, since Ken Griffin's Citadel is literally an exchange market maker manipulating stock prices while also running a hedge fund, doing exactly what FTX, Binance, Coinbase, etc do. No problem, conflict or fraud there, though, right Gary?
Just my 2 cents but anyone still holding bitcoin or other shitcoins should at least consider liquidating and moving proceeds into hard assets asap. It has been said for a long time that the bankers will not allow any digital competing coins to remain active once CBDC goes live. They're determined to cram their CDBC down everyone's throats regardless of how few people actually want it. Don't forget to review the info early in this thread about how Gensler/SEC, MIT, SBF/FTX, Stanford U., etc are all closely interlinked. The entire crypto space has been a big ponzi psyop: cash sponge, money laundering operation, mass conditioning exercise and a testbed for the CBDC. It is now in the end stages of controlled demolition.
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