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SBF’s disgrace could make things awkward for Gary Gensler and the Democrats (fortune.com)
17 points by factsarelolz on Nov 13, 2022 | hide | past | favorite | 10 comments



It's kind of odd the admin has mentioned investigating Musk's Twitter (and his holdings in general) but have not mentioned a peep about this the SBF fiasco.


His press secretary did mention it 3 days ago and called for more regulation and said they are monitoring it:

https://fortune.com/2022/11/10/crypto-regulation-ftx-sam-ban...

The DOJ and SEC have both been reported to be investigating.


I don't see the personal attacks --it looks like a generalized statement.


Well, the admin mentioned the investigation in response to a direct question from a reporter.

If they get a direct question regd investigating FTX they will do the same considering they’ve already mentioned investigating the situation.


Gensler seems to want the industry to die. The SEC is abdicating any role to properly regulate the industry even while he says they have the right to.

They are failing at promoting trustworthy and valid businesses, but it's "kind of odd" to twist that around as if it means promoting the scams.


FTX, and I suspect practically all “crypto”, is a bald faced scam.

But this article is a low effort concern trolling op ed. Author tries their hardest to tar by association without actually saying anything of note. Dont bother giving them ad clicks. Highlights:

> his agency failed to warn investors about Terra and Celsius—whose collapses this spring sparked a trillion-dollar investor wipeout—the Securities and Exchange Commission chair allowed an even bigger debacle to unfold right under his nose

> Gensler, a former campaign finance chair for Hillary Clinton, is of course not the only prominent Democrat who may have been willing to flex his influence on behalf of FTX.

> Gensler is already shrieking for more money and power to address the latest crypto crisis, this would be a good time for skeptics to ask why he failed to stop FTX in the first place

Theres nothing here. Its the regular speculation and faux-questions-as-libel-defence that Fox and friends play “maybe Gensler and THE DEMS are criminal. Why is no one asking these questions?”


This is a weird piece. It’s not clear why Gensler should have been trying to ‘stop’ FTX. Seems like just innuendo.


Gensler has been taking the position that it's all garbage and illegal, hasn't he?

That may be a problem, but it doesn't jibe with this article.

Somebody said, you know, the SEC can't arrest people.


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