Cryptocurrency: Noting The Carnage

grarpamp grarpamp at
Thu Nov 10 15:35:54 PST 2022

Exchanges moving to self-transparency, funny
they all could but so few bothered.

> For 2022 midterms alone...
> Sam Bankman-Fried has thrown $30 Million to Democrats.
   Tom Emmer, the recently reelected Republican lawmaker representing
   Minnesota’s 6th district in the United States House of Representatives,
   has alleged Securities and Exchange Commission Chair Gary Gensler had been
   helping FTX CEO Sam Bankman-Fried to gain a “regulatory monopoly”
   through the crypto firm.
   In a Nov. 10 tweet, Emmer criticized Gensler for “run[ning] to the
   media” amid FTX’s liquidity issues causing ripples throughout the
   crypto market. According to the Republican lawmaker, his team was looking
   into the SEC chair’s alleged collaboration with Bankman-Fried and FTX,
   but only cited reports presented to his office as evidence without
   providing details.

     Interesting. @GaryGensler runs to the media while reports to my office
     allege he was helping SBF and FTX work on legal loopholes to obtain a
     regulatory monopoly. We're looking into this.

     — Tom Emmer (@RepTomEmmer) November 10, 2022

   Gensler spoke on CNBC’s Squawk Box shortly before Emmer’s statement,
   not disputing records that SBF met with SEC officials on March 29. The SEC
   chair said many similar meetings led to the same message to crypto
   industry leaders — “non-compliance is not gonna work” — but did
   not confirm reports that the regulatory body was investigating the FTX US

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