The House Financial Services Committee holds a hearing on oversight of the SEC - 04/18/23

[@TMWinLI]

Fire Gary Genseler and put him in jail.

[@rover9777]

With sbf

[@TheOcean777]

About time. He's the scum of the earth. A pitiful, disgusting excuse of a human being causing pain to innocent business owners and all of us crypto friends.

[@brenly__2247]

for what?

[@LoskiTheFirst]

Gary Gensler was in on the FTX scam.

[@immy00]

How so?

[@mikes6853]

I believe that too 100%

[@mariex800]

Can't disagree. This GG is a big corrupted SEC.

[@tonybarnes1013]

100%

[@ciscoguru69]

The whole damned Biden admin is corrupt...top down. Our country won't survive another two years of this freakin' clown show.

[@Brandon-tk2rw]

my favorite part is when Gary finds the ring and says "my precious." brought tears toy eyes

[@therealconker1768]

😂😂😂

[@praszu]

Time stamp or it didn’t happen

[@billybarnes1763]

I was gonna post that Gary is a cross between a rat and Golem.

[@BuyhiselLow]

Gary is Mr. Burns

[@ericjones3920]

🤣🤣🤣🤣🤣

[@movingsocks579]

The dishonorable Gary Gensler

[@dirtbiketherapy1]

So crazy, the SEC goes after crypto exchanges for securities dealing, but they won't even say if they consider any one crypto a security. True madness.

[@brenly__2247]

16:56 gensler explains that under the commodity exchange act of 1936 that the SEC has juristiction regardless of what word is being thrown around. what matters is the impact to the consumers and the expectations set 21:38 there is a clear public messaging put forth by these companies to educate consumers to expect profits, not losses, this advertising, directly funded and self identified by the coin exchanges, carries legal weight when it doesnt play out as promised in the advertising.

[@dirtbiketherapy1]

@@brenly__2247 Regardless of jurisdiction, if you are prosecuting organizations for securities dealing, you must define the securities. He won't do it, because he knows he can't.

[@siguythevirus2418]

@@brenly__2247 doesn’t there also have to be an investment contract to be considered a security

[@brenly__2247]

@@siguythevirus2418 yes, however setting an expectation and making promises via emails is also a form of making an agreement, not as strong of an agreement, but one to be considered in proceedings. paying Shaq a bunch of money to tell you everything is fine is a form of reassuring investors.

[@brenly__2247]

@@dirtbiketherapy1 If you note in the opening questions, McHenry switched between roughly 4 different types of tokens, insisting Gensler to define each but without giving Gensler enough time to reply to each of the four individually. This is a smear job plain and simple. Each of the tokens has their own set of legal proceedings and defintions based on the behaviors of the respective marketing teams and investors.

[@michelleshen4327]

get out Gary

[@Gabriel_Wangai]

Gary's ability to not answer a single question directly is crazy.

[@cryptosolomon1767]

He said "yes" to being the CFO for Clinton campaign😂😂😂

[@brenly__2247]

Gary got talked over for the first ten or so minutes. Then was allowed to answer questions. What hearing did you watch?

[@Gabriel_Wangai]

@@brenly__2247 you literally just sited the first 10 minutes for a 5 hour hearing.

[@billybarnes1763]

@@brenly__2247 you need to tell the difference between him being walked over and him not being allowed to evade the question and filibuster. We should not allow the tactics of a rat interfere.

[@bot604911]

Why can’t he just answer Yes or No.

[@TheMatttyer]

Gary will go down in history as the man who delayed one of the biggest financial innovation breakthroughs in the world. People will mock and humiliate him for years to come.

[@BuyhiselLow]

He knows that. He has been paid handsomely as the scapegoat

[@brenly__2247]

tulip mania rehashed isnt innovative.

[@alextuckerman3032]

Tulip mania is generally believed to have lasted from late 1636 to early 1637. If you are comparing Bitcoin and blockchain technology to tulips becoming a speculative investment for a year then you need to look into Bitcoin and blockchain some more. Also, if you educate yourself on the history of money and the double spend problem, then you would probably be buying Bitcoin like tulips in 1636.

[@tonybarnes1013]

All he had to do was settle with Ripple and he could move on to his next position

[@benturtle3876]

Gary is corrupt

[@stefansnell4976]

Gary Gensler needs to be fired. He's not giving the crypto community a fair chance. In what right mind do you refuse to provide clarity, and then sue the firms that are attempting to become compliant?

[@beanorod-zt2nl]

I call it extortion and in a one way only kind of way. We want money but give no clarity or regulation to become compliant.

[@BuyhiselLow]

@@beanorod-zt2nl that is exactly whats going on. The SEC is not acting stupid, they are playing by a script that was pre-written by the Biden administration to introduce FUD into the crypto markets. Nothing gets done in America without politicians and political lackeys to fill their pockets as the smoke screen provides cover. Gary is a paid performer and he has a role to play as the scapegoat. Congress steps in, puts on a show of being the savior of the people, in the meantime loading their pockets with discounted assets. The result will be the same as it always is, the rich get richer and the poor stay where they are. It will all be over when elitists feel they stole enough and the retail investor is scared and absent of the market.

[@brenly__2247]

clarity happens at 21:38 the grownups get a chance to speak. they're not attempting to become compliant, that's a smokescreen put forth by the coin bases

[@bishalbk4664]

@@brenly__2247 Im guessing you are a Gary supporter?

[@stevesmith3195]

@@brenly__2247 Sure bud. You and Gary’s mom are on his side.

[@CabinOnTheWater]

Wasn't Maxine Waters and the Democrats in bed with FTX and Sam Bankman Fried? She can miss me with her nonsense. Skipping ahead....

[@darinmartinez5902]

GG is shaking like a leaf, tripping over his words and super anxious. All signs of a liar who cant keep it together. Remove him from the SEC and put him in prison.

[@416nWild]

Amen!!! 👏🏼

[@cmcdaniels9709]

When will they get rid of WaTers

[@stevesmith3195]

I think god will get rid of her for us in short time. She has to be 90+ years old.

[@mariex800]

@@stevesmith3195 You forgot about Sherman, the dinosaur from stone age, live under a bigoOo Rock

[@billybarnes1763]

The sign says "The Honorable Gary Gensler" 🤣🤣🤣🤣

[@Ali_Crypto30]

😂 🤣

[@PhyuckYutu]

Waters is out of her mind. She adds nothing, contributes nothing. Why is she here?

[@lahart2003]

Maybe for a more inclusive mouth off?? Pfft.. who knows. Everything Gary is saying is a damn lie!!

[@visualmonarchs7640]

She's there because she adds nothing and contributes nothing

[@skelatons63]

She has to make sure Gary doesn’t talk about SBF/FTX!😂

[@mju911]

Ms waters is why we should have term limits for congress. She like 90 yr old and doesn't understand cryptocurrency.

[@cryptosolomon1767]

I think she does understand it she just corrupt.

[@stevesmith3195]

No way she gets it. She is 84, she needs to get home to watch Matlock.

[@ldman906]

Yep I used like Grandma but grandma is a toxic masculine feminist know-it-all who do anything except for reminisce about the past

[@davycrockett8886]

She blew a kiss to SBF. Corrupt or stupid.

[@fredericksmith4176]

Gensler is a disgrace and needs to be fired. Tax payers fund his SEC and pays his wages. This makes me sick.

[@robindunn4493]

The tax payer are also funding all these court cases that the SEC keep raising and losing. When they lose they appeal and prolong it.

[@ObscuraMythos]

Gary is done. If Ripple wins the SEC case, XRP will be relisted on major exchanges, resulting in a massive surge in its price. Additionally, it will bring clarity to the crypto space and likely lead to significant price pumps for other cryptocurrencies. I'm eagerly anticipating the outcome of the SEC vs Ripple case this month!! 🚀

[@betabot.]

The opening has already shut their case

[@billybarnes1763]

We can only hope.

[@BuyhiselLow]

The exchanges re-listing is not where the big pump will come from. It will come from trillions of dollars from institutional investors piling in on a freshly regulated asset with clarity. American exchanges made up very little of the total volume of the trading of XRP

[@DrivenA111]

@@BuyhiselLow I’m in America. I own plenty of XRP. I think most Americans who want XRP, have it.

[@BuyhiselLow]

@@DrivenA111 ok, what does that have to do with it? Your reading comprehension needs sone work

[@LoskiTheFirst]

#GMG Gensler Must Go!

[@PhyuckYutu]

I will never understand why anyone would even suggest that the SEC's intent is constructive by any extent of the imagination.

[@bram4310]

it’s a regulatory body.

[@brenly__2247]

I think you profoundly misunderstand what the SEC does.

[@kilis3804]

Maxine Waters needs to retire. An antiquated puppet of the machine that refuses to concede.

[@runningrock124]

i knew she was evil and bad, but my god. she looks like an empty corn husk in late November.

[@Doordiec]

Facts

[@LouisGoldLive]

Big Facts!!!

[@likwit169]

you are focused o Maxine, when you have a younger incompetente puppet name Gery... I see you priorities

[@LoskiTheFirst]

We need term limits!

[@josuareestevez3037]

Please fire Gary gensler 🙏

[@stevesmith3195]

Half these people are goofing off on their phones instead of actually paying attention. Is this a high school or the highest level of government in our nation?

[@DrivenA111]

Some of them are staff, no?

[@stevesmith3195]

@@DrivenA111 Many of them are sitting right behind their nameplates and are clearly not staff. But sure, some are staff also.

[@WayTooMuchPressure]

This guy is literally ruining lives and causing suicides.

[@DrivenA111]

Is that a fact or are you guessing that people have committed suicide because of him? FTX is on SBF, no?

[@wonderming1]

Looks like this will sadly be a partisan issue. That's really too bad, because digital assets aren't going away.

[@black_wolf_rambo4372]

Someone just fire that clown. How can one take him seriously after all this said and done ?

[@keyphilosophies3939]

Gary Gensler should be thrown in prison

[@shammuk02]

U gotta wonder why the SEC is so slow on changing regulations on crooked banks which affects 99% of investors... yet he is so eager to regulate cryptos which affects less than 1% of investors... hes also trying to blame bank failures on cryptos which is absurd... a lot of banks invested in crypto that didnt fail yet those that failed r cryptos fault? come on man

[@BuyhiselLow]

The SEC does not regulate banks. The OCC, an arm of the US treasury does. Maybe thats why?

[@Slim-]

Gensler needs to be forced out of the SEC

[@PhyuckYutu]

Gary Gensler's hands and fingers are shaking.

[@keyphilosophies3939]

He is imagining prison

[@Ali_Crypto30]

@@keyphilosophies3939 😂😂 💯

[@barbarabradley8881]

As they should be!

[@barbarabradley8881]

He is shaking because he knows he is nothing but a fraud! A bought man!

[@tonybarnes1013]

He really be shaking if he come face to face with XRP army

[@Adam-mo2qw]

Gary has effectively steam rolled over all the retail investors. For over 10 years retail have enjoyed the crypto market and made a lot of money from it. However it seems retail aren't supposed to make money investing.

[@beanorod-zt2nl]

Gary thinks people are too stupid invest in crypto and shouldnt be apart of it unless your bank account is 7 digits or more, and Maxine Waters comments grandstanding and gaslighting and protecting corruption is unacceptable and needs to resign, and her adding we need more guardrails which is code for = we need to control it same old song and dance. Both sides of the political spectrum have been harmed by Gensler's corruption and scam.

[@tonybarnes1013]

He wants only accredited millionaires to buy like HIM

[@Adam-mo2qw]

@@tonybarnes1013 just like that snake Elizabeth Warren

[@cyberwar4079]

GET OUT GG, ALL YOUR WORKS ONLY HURTING ALL RETAIL INVESTORS😡

[@Iwo26]

Gensler should be removed as soon as possible !!

[@Masamune-fs4qt]

Get rid of Gensler and everyone is happy. Problem solved.

[@rahaki5445]

Lock Gensler up

[@Truthseeker1977]

Applaud him.. what.. he was connected to SBF FTX and look what hapopened! He doesn't do a good job!

[@frankmolina6910]

The SEC is more corrupt than expected. Omg

[@davycrockett8886]

I think the banks pay for it. Crypto is their competition.

[@rortiz77]

Gary needs to be fired.

[@devonavant3497]

Emmer and Davidson ripped Gensler a new one sheesh! 2:00:00 and 2:31:00

[@danielpaz1746]

Gary Gargamel Gensler: The law is pretty clear. MR. McHenry: Is Ethereum a commodity or a security? Gary Gargamel Gensler: uh... clown!

[@tomgenis8627]

Gargamel lol

[@barbarabradley8881]

Gary Gensler doesn't enforce regulation 304B..he dancers around every question per usual!

[@3piece798]

All Gensler is doing is destroying retail investors

[@ChrsPetkovPersonal]

Step Down Gensler....

[@janel7284]

regulation by enforcement is a power-grab. they are stifling innovation. ALL ROADS LEAD TO BTC AND IT CANNOT BE STOPPED.

[@SD7o7]

Bitcoin?😂😂😂😂 You have no clue 😅

[@juicypickle4777]

Love the part where Gary can’t say yes or no about ether being a commodity or security.

[@Ali_Crypto30]

He was stuck. That shows you he doesn’t understand crypto

[@cuckerdsdxsc]

@@Ali_Crypto30 he taught a Blockchain course at MIT. He knows better than most of us. Which makes him the perfect weapon when they fill up his wallet with monopoly money / USD.

[@barbarabradley8881]

He does it all the time with every question!

[@Ali_Crypto30]

@@cuckerdsdxsc Yes, and with all that knowledge Gensler can't answer what given his role & time in office, s/b a straightforward question, "is ETH a security?".

[@cuckerdsdxsc]

@@Ali_Crypto30 yea fam, he knows it's not. He's even said in one of his courses that he believes eth can no longer be a security due to it's decentralization. I know this because I took his course and looked up to him. Seeing him like this is disappointing.

[@ricardocisneros2606]

He cannot fix the stock market, how can he say he will fix anything?

[@johnhorton7359]

gary gensler need to let be let go and this is a democrat saying this

[@billybarnes1763]

With all this going on you still cant take a clue? Pathetic.

[@TahirAli-ri3hn]

Gary made a fool out of himself

[@benjah4eva]

Mr. Donalds did great on his questioning

[@sharonschannel6345]

America can be great again because of you Justice senator hero alive

[@billybarnes1763]

11:40 "my thoughts are my own read right off this paper" 🤣🤣🤣

[@brenly__2247]

thats how a senate hearing works. gotta have notes prepped.

[@stevesmith3195]

Why so shaky Gary? Seem very nervous about simple questions about how you do your business.

[@RockG.o.d]

in Gensler's eyes. security is if you know who created it, and a none security is if you don't know who created it.

[@matthewlong7033]

Why is it that most of the people that came to Gary's defense look like death has already come and gone? 😮 are they all corrupted by the ring? I though it was just smeagol 😂

[@fatherclef1309]

Maxine Waters doesn't look a day over 25...

[@stevesmith3195]

@@fatherclef1309 250 maybe.

[@fatherclef1309]

@@stevesmith3195 🤣

[@edmcclendon9588]

No comment 😂😂😂😂😂😂😂😂😂.

[@bitpro8903]

Gary is really transitioning into Mr Burns day by day

[@tonybarnes1013]

Mr Burns is more liked 🤣

[@onerealmmapping]

😂😂😂I was thinking the same way..all villains look like him. The guy in ratatouille, gru. 😂😂😂

[@XPLORMORE13]

amazing the way Gary all that he said and it was just like saying nothing at all... amazing 👏 🙀 I tell u.

[@sulla5288]

I love this Emmer fellow! 02:01:22

[@vijayanpisharody4038]

What has the SEC done about insider trading by politicians

[@humbertohernandez281]

When gensler was put on the spot you can see his hand shaking

[@LoskiTheFirst]

He’s a weasel

[@mariex800]

@@LoskiTheFirst Can't disagree! He isoOo

[@matthewthelen5336]

Does this mean my Pokémon cards are securities?

[@billybarnes1763]

Yes

[@Truthseeker1977]

OMG look how he shakes when talking about FTX.

[@shaungarard5073]

He's salary is 325000 a year , he has 116 000 000 million , that' means he has to work 360 years to earn that . He is corrupt and deserved jail .

[@viperviperpiro]

he is cooked.

[@BuyhiselLow]

How can this guy talk about manipulation, fraud and clarity without catching on fire?

[@FreeUpmusic]

Justice for MMTLP

[@robertgarrido6196]

Meta Materials?

[@LouisGoldLive]

HUIZENGA IS THE ENERGY THAT IS NEEDED!!!!!!! 🔥🔥🔥🔥

[@sirdekkar]

what a time waster.... I dont know if 10% of questions were answered.

[@eiebehdj]

get the f to the gray in the jail now!

[@alcbaz]

Binance CEO watching this comedy show thinking ‘ye pls try shut me down’. I think all the opposers of crypto are achieving here, is driving the tech out of the US.

[@sacredholisticenergy]

Yay to MR. Foster! Smart man.

[@bot604911]

Gary Gensler is SKETCHY! It scares me that he is the head of SEC. How can he protect us, if all he does is make excuses.

[@p1nrea1]

Can you talk any slower Gary smh🤦

[@bartoszbuszko4270]

This guy is super uncompetent

[@sacredholisticenergy]

yay! to Mr. Himes!! Thank you for getting off his chest!

[@pinballrockstar]

I enjoy this

[@Natwell35]

im a bit naïve to all this stuff but what i gathered was most of congress was against gary gensler and his agenda's?

[@pstewart5443]

I dont know a single investor that has asked the ESG questions. Investors care about dividends, stock price, and ethics. Outside of that, we don't really care. Regulatory agencies like the EPA are the ones who need to care about that. The Democrats are teetering dangerously upon stomping the Commerce Clause. Waters is laughable considering she took millions from FTX. She has some gall.

[@marvelvisionary]

More talk and no action. Lets see what happens from this day going forward.

[@user-er6lz9nq4z]

The FACE of a CROOK… GG

[@astari24]

Ms. Waters needs forced to retire.

[@Keyring-py2wo]

So was he fired?

[@ATH]

Gary gensler from future: "My apologies. XRP is not a security."

[@comorebee]

It appears that Gensler intends to overly and hastily regulate something new by means of the principles and actions applied to something "similar." The law enforcement actions do not and should not work this way. Lack of clarity.

[@rossi4ever1]

Garry Genslers hands are shaking like paper in the wind

[@ericjones3920]

Donaldson is my guy. He took scary Gary to school. He proved Gary is making up rules as he goes. Fire his ass.

[@jamespickens8756]

Well this seems to be a joke with Waters speaking. Talk about corruption

[@Jbrandon77]

Is this the Real Simpsons movie, Burns Getting grilled. Trying to figure out what I'm watching. Halloween, see skeletons talking to each other. 🤓 so confused on what's going on

[@frankmolina6910]

Gary answer the damn question

[@padig]

If nature created a look which you would/could never trust = GENSLER

[@jtek5si]

Mr. Donalds, hero with the real questions.

[@nayo4979]

#garygenslerresign

[@Wook261]

my favorite parts are.. no beating around bush by the chairman, no "wing it" worked for GG!

[@chuchiyang7031]

Go Gary!!

[@chriscolemusicalsound]

Ginsler must be doing something right if wall street is this scared shitless about the new rules. the winds are changing.

[@really387]

sad to see only old people discussing digital assets. pretty sure nobody uses digital assets.

[@MrSijay1]

Mike the Headless Chicken (April 20, 1945 - March 17, 1947) was a male Wyandotte chicken that lived for 18 months after his head had been cut off. After the loss of his head, Mike achieved national fame until his death in March 1947. In Fruita, Colorado, an annual "Mike the Headless Chicken Day" is held every May!!!

[@benturtle3876]

Gollum

[@Cesar-qi2jb]

He does understand Crypto. He is just not being courageous.

[@mabula100]

What happened to all the naked shorting and MMTLP fiasco scam

[@ldman906]

I've always admired Maxine Waters I don't know more