🚨SEC GARY GENSLER INSANE CRYPTO LIES EXPOSED!

the Thinking Crypto podcast. You're home for cryptocurrency news and interviews. I'm your host, Tony Edward. On your way in. Please sit that subscribe button as well as a thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify or Apple, please leave a five star rating and review. Folks, Let's start with the price of bitcoin, because bitcoin right now is over sixty thousand dollars. Once again, we're seeing a breakout upwards. Now.

There's nothing to call home about here. It's a good sign that bitcoin's making its way up. Remember what I was telling you guys. A key resistance level that bitcoin needs to break through its sixty thousand dollars. So this is a good sign, but it doesn't mean we're out of the woods yet. We are in bloody September, so this thing could pump a bit more up and then dump again before it finds its bottom in this consolidation phase,

and we'll get a true breakout. So I want a caveat what is happening right now with that information, However, we're getting more macro bullish news guys here Japan. They said the time is not right for the Bank of Japan to raise rates. So remember what happened at the beginning of August the Japanese yen trade when Japan decided to raise rates right, that caused a massive crash because people were borrowing the yen and the investing in US

equities and so forth. So this is bullish that they're not raising And on the flip side, we have cuts that are coming for rates here and the cuts have been taking place in the EU and so forth. JP Morgan released their analysis saying they're sticking to a fifty basis point rate cut for next week, so September eighteenth, we're going to expect to hear from the Fed they are officially cutting rates. I believe it's going to be

twenty five basis points. I think Jerome Powell and the folks of the FED are not gonna want to seem like they're politically favoring Kamala Harris because cutting rates, you know, you, tend to be good for the markets and the economy. And they're going to slow walk this thing because if they go to aggressive, it will trigger some fears. People may say, oh, something's breaking on the back end. The data that's been shared with us is not right. There's

something happening here. So I don't think they want to spook the markets. I think they're going to start with twenty five and look, come November, they may cut again another twenty five or fifty, Right, but we'll have to wait and see. I am anticipating the markets to react positively. Now. Any week of any type of FED announcement or things like that, there's a lot of volatility. So we do have to let the dust settle and look forward to the following week.

not September, and then all coins will follow. All right, let's jump into the big news, folks. This news makes my blood boil. I'm so pissed off. And it has to do with scumbag regulator Gary Ginser and the sec And you know, sometimes I think I can't believe my tax dollars are being used for this nonsense. So you know the term crypto asset securities, that's a terminology Gary

Ginsters started using over the past couple of years. Right, it's a way to spread his narrative and gaslight people right to say all of these things are securities, right, but they're not. You have to litigate each one of them because some of them are securities and some are not. Some are decent, right. And we've seen a lot of court cases and battles and so forth. Obviously the most famous is the Ripple case and Ripple came out of that with the lion's share of the victory, where XRP

was declared intrinsically not a security. Now, specifically, in the Binance US case, the SEC in their court documents added a footnote and they said that they regret any confusion they may have invited by falsely and repeatedly staking that tokens themselves are securities. What so are you telling me? The head of the SEC has been saying these things on TV for years and the SEC is apologizing. But folks,

it gets much more crazier than that. They're saying this in the Binance case footnote right that, oh we're sorry, we didn't mean to use crypto acid securities. We made a mistake here. But in the e Toro case where they just settled with the SEC, they use that phrase eight times. Jake Trawirsky here said, the SEC finally addressed criticism of its nonsense term crypto asseid security by checksnoes

lying about and abandoning it. So the SEC is going to amend all its other complaints to remove the term. Now to write right, I genuinely can't get over how insane this is. The SEC used the term crypto ascid securities eight times in the e Toro settlement order they issued on the same day they told the federal court they wouldn't use it to avoid confusion. This is what you call hypocrisy lies corruption. This is scumbag activity from a scumbag regulator, and that regulator is Gary Genser, who

heads up the sec. This is the same agency that got sanctioned and had to close its Utah office. This is the same agency that got called arbitrary and capricious in the Great Skill case. This is the same agency who's headed up by Gary against who got threatened to be subpoenaed by a sitting in Congressman Patrick McHenry for not handing over FTX documents. This is what we're dealing with, folks. This is why we got to fight. These people don't care about the law, because at the end of the day,

they're answering to their masters, their puppets on strings. I've been telling you guys what the agenda is here. And Gary Genser, as I told you in yesterday's podcast, is being investigated by Republican members of Congress because he's been accused of political favoritism. I've told you guys, that the political divide of the SEC, the Republican Commissioners hester person Marquwata pro crypto, trying to get clarity in the market,

Gary Genser, and the other two Democrats against crypto. I've been doing a whole bunch of nonsense and look at what's happening here. But folks, it gets even more crazy. They literally yesterday tweeted out a note here about crypto asset securities from the SEC's account. They said five ways fraudsters may lure victims into scams involving crypto asset securities. Wait a minute, I thought you were just apologizing for the using this term. That is confusing and you shouldn't prejudge.

This is nonsense. They're lying to the courts once again. They want their hypocrites. They will do anything, they will break the law. I've said that many times. Fred Rispoli, attorney Fred Rispoli, who I've had on the podcast many times, retweeted this tweet, saying the post in and of itself is a scam, as the SEC the same day swore to a federal judge that there is no such thing as crypto acid securities. I've requested this to be community noted, folks,

you can't make this stuff up. Stuart ALDROADI Ripples chief legal officers, said, So the SEC finally admits that one crypto asset security is a made up term, and two to prove a crypto asset security is an investment contract, the SEC needs evidence of a bundle of contracts, expectations, and understandings. Think it's time for the SEC to admit it has become a twisted pretzel of contradictions. Don't worry. I updated your logo for you, and he made the

SEC logo into a pretzel. Folks. Can you believe a government agency which is supposed to uphold the law protect investors is doing this type of activity, is lying to courts right, is breaking the law in many different ways. Unbelievable. But guys, this is all because of disruption. They wouldn't be doing this if the Tradify incumbents didn't make the call to Gary Genzer. As I've been saying, Gary's a Goldman guy. He's part of that Wall Street crowd folks,

and he's helping them to catch up here. Because I've often stated, look at two things happening in parallel, all of Wall Street Black Rock Fideli and so forth are here issuing ETFs, doing tokenization, custodying funds for different crypto firms, while the startups coinbased, Uni, Swamp and Ripple and all these folks are getting Well's notices and they're getting sued. How can these two things be happening at the same time. Insane.

But we're going to win, folks. We are already winning because the courts are the ultimate balance of power here, and we're seeing Gary Ginser is getting embarrassed and taking big l's in the courts. But the problem is because there's no accountability, there's no one to hold him accountable. He's just going to keep doing it because to him, it's just like, Okay, well, oh we took a loss. Okay, I'm just going to keep doing what I want to do. I'm gonna break the law, I'm gonna lie, I'm going

to backstab, I'm gonna make up terms. And you remember crypto asset security. Who else have you we heard in the industry use that term prometheum. I had literally Adam Kaplan, the CEO of that company, on the podcast, and he was repeating that term. And I've been saying I think with the broker dealer license that they got. He probably made the promises. Yeah, I'm going to repeat that term, right.

This is why people have been saying permetheum and shady, and I believe this is what Gary was trying to do with FTX. But unfortunately Gary didn't do his homework, didn't do his due diligence and his actual job, and FTX was scamming the hell out of people stealing funds, and his whole plan fell apart when FTX collapsed. So this is unbelievable. This really pisses me off, and Gary against needs to be fired and we got to keep fighting. Now.

A lot of folks weighed in on this. You can imagine all the lawyers and legal experts in the crypto industry were just angry as hell. Here Catherine Mirrorrick of UNISWAP. She said, whether or not you care about crypto, if you care about fundamental fairness in our legal system, then you should be deeply concerned about what the SEC's approach to crypto has been. No government agency should work this way.

Government agencies are trusted with enormous power to enforce laws, which is why they are required to give us all notice of their view of those laws before bringing the full force of the government against any of us. But the SEC is not just inventing new theories of how to apply securities laws in its crypto cases. As it goes along, it is contradicting itself with those theories, sometimes within days or hours, often within the same courthouse. The

SEC has active cases right now. Premis originally on legal theories that it no longer stands behind when press But instead of dropping those cases, the SEC moves to a new theory and continues on why. She asks, I'll tell you why the agenda kill these crypto startups so that they're banking, tratify incumbents. All of Wall Street can catch up. They can launch your own blockchains, they can build on

these blockchains. They can sell you the crypto assets so that they can collect the fees, and they can control the market like they have for a very long time. That's what's going on here. Why would an agency go to this length to lie and do all these things. Yes, you may argue this is big government, right, and a lot of these agencies have gotten rogue, But when you look at the actions and once in the two things

that are happening in parallel. Right, if Wall Street wasn't here and they weren't building, and JP Morgan didn't have their own blockchain, and Blackrock didn't have a Bitcoin ETF and so for I would say, Okay, you know this agency, they're just crazy. They just want to collect a bunch of fines from these companies. But there's two things happening in parallel. They want to kill all of these startups and those that are getting too powerful, right, and they're

going after NFTs and everything. It's ridiculous at this point, but the industry is fighting back. The courts are the balance of power, and the industry is raised over two hundred million dollars to fight back in elections, so we can get more members of Congress on board, so we can get legislation pass and put Gary Ginser in this place.

And here. Eleanor Terryt of Fox Business report that the crypto industry has so far given over one hundred and ninety million dollars in political donations in the twenty twenty four US election cycle. Compare this to the twenty twenty election, when crypto made up only fifteen million dollars in donations, so huge leap from last the last cycle in twenty twenty two. Right incredible stuff. Even a bunch of groups

are forming to fight back. So here. Miles Jennings of a sixteen Z crypto said, it's time to fight for the right to create. Today, A sixteen Z standard with Crypto and open cre kickstarting the Creator Defense Fund, a legal defense fund for creators using blockchain technology to connect with fans, monetize their work, and bring more creativity to

the world. We're contributing one million dollars and partnering with top law forms to offer legal services and consultations for artists and creators who are facing potential government action or simply want to ensure they are structuring their NFT projects in a legal and compliant manner. So we're fighting back, folks. The industry is not anymore. I remember when Ripple got sued,

like everyone went quiet, everyone ran to their corners. Now if folks are even being proactive and issuing lawsuits against the SEC before they even get a walls notice, which is great, And all the exchanges and firms that are getting sued, for the most part, the majority are fighting back. They're taking the SEC to the court and look I got to give credit where credits due. Ripple is the

reason for that. Ripple fighting back and punching back at the bullie really give the market confidence because people start to see the chinks and the armor of the SEC that they're lying they're gonna do all types of nonsense and hypocrisy. Let's not go into the whole Bill Hindman hipocrisy stuff, right, and his speech about ethereum. That was a big part of Ripple's defense because the agency itself just corrupt at its core, and it has been for

a long time. And then you add a scumback regulator like Gary Genser into the mix and it makes it even worse. Right, So things have gotten worse, but we're fighting back and that's what we got to do. Now. Something I missed, guys, and I forgot to tell you about yesterday apparently, and there's an article here from the New York Post on September ninth, Kamala Harris's donors pushed the nominee to fire FDC chair Lena Khan and SEC

chair Gary Cancer. I completely missed that. I think they see these people as liabilities and that they're just crazy. So they're saying, hey, kick these people out. So I think that if Donald Trump win, we know he's going to get fired, right. Donald Trump made that very clear. The question is will Kamala Harris do that. I think she will. I think she's going to get rid against

her and bring in someone new. But look, I could be wrong, and we're still waiting for a full crypto policy, clear crypto policy from Harris's from Kamala Harris herself and her team. So but this is a very interesting article. I think the pressure is on here now, folks. Quick word from our sponsor, and that is bitgo, which is one of the top tier custodians in the crypto industry.

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self Custodia wallet as well. Visit bitgo dot com. Link will be in a description. Now, guys, Donald Trump, we know he's launching a crypto project called World Liberty BI and he released the videos saying that Monday he's going to be doing a Twitter spaces to talk about it. So this is pretty big. Now I'm going to play the video for you, but I want to caveat this. I am not supporting this project. I don't know the details. As always, we need to learn the details, we need

to research it. We need to make sure this is not something that could make us lose our funds. It's not a rug pool. I'm not saying he's trying to do a rug pool, but as always, don't trust verify. So whether you love or hate Donald Trump, that's not the point. It's not if you want Donald Trump to be present. This is a completely separate thing here that he's trying to do, so we want to make sure it's legit. But let me play the clip for you.

that's not the point. Before you go jump into this, make sure you do your due diligence, okay, folks. Final item here, Michael Sailor Micro Strategy have bought more bitcoin. Man Sailor is a bitcoin addict at this point, but look, he's making money, right, He's got the arbitrage going on with his company's stock price. That's why, in part why he's so bullish. Obviously, he believes in bitcoin is a

hedge as well. And now they well it says here they acquired eighteen thousand, three hundred bitcoin for approximately one point one one billion dollars. This is incredible. He says they now hold two hundred and forty four thousand, eight hundred bitcoin acquired for approximately nine point four five billion dollars at thirty eight thousand, five hundred and eighty five dollars per bitcoin. Wow, it's insane. He's headed for you know,

the top of the list. Obviously Satoshi has the most bigcoin, and then these Wall Street etf issue wheres, black Rock and so forth are climbing the list. Collectively there there, I think they're the second now collectively, Blackrock though is obviously the leader with the most. But uh Man Sailor made the big bet. It's paying off for him. I was worried for him as we went through the Blair market, but he made it through and I think he's going to come out really rich and successful with this bet.

It's going to pay off because we're entering a new phase of crypto adoption. Folks, let me know what you think about the news. Leave your thoughts and comments below. Don't forget to sign up for my free email newsletter. It is one hundred percent free, you don't have to pay anything. It includes crypto insights and knowledge, and also grab a copy of my book, Rethinking Crypto. It's available on Amazon and Barnes and Nobles, dot com and paperback

and digital. Grab a copy to support the podcast. Buy a few copies for your friends and family. Give it as a gift they want to learn about crypto. It includes a lot of information about how crypto works, what happened with the SEC and ripple, and why is Wall Street here? Tokenization, what the future looks like and if you bought a copy ready, please leave a rating and review. Thank you so much. I appreciate you all, and I'll talk to you all later