This is something I’ve been recently hearing about, so I don’t know all the specifics. The question that jumps out to me is what role in oversight, if any, does the SEC have with something like this?
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I’m not sure if this is correct but I think crypto falls into a gray zone outside the SEC’s ambit.
It’s the Wild West.
That is somewhat of an open question, at the moment.
I imagine we’ll be seeing the SEC flex some muscle soon enough, and we’ll see how it all shakes out.
Not surprised he’s broke, won’t be surprised if he’s got another billion tomorrow. If the SEC lawman has any power in cryptoland, I haven’t seen it.
I will bet that SBF ends up in prison, though.
I don’t think the crypto world needs govt involvement.
But I also don’t think politicians should be getting payments from it either.
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Well, if you want to stop that, you’ll need the government to get involved by passing a law.
And then overturn citizens united (money = speech)
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https://www.cato.org/blog/did-something-happen-crypto-week
Just a reminder to policy makers to be prudent when considering regulation and WHAT needs to be regulated.
I never was advanced enough to accept that a trading unit that was better than money could be acquired only by money. Therefore, I just kept my money.
In this case, I understand some of those whatever they are were transferred to another account under his control and significant amounts have not been traced. Not to worry, there are teams searching for them now.
Somehow I suspect some of it wound up as real money.
He says he should have done better. There is no doing better working with made up money without a government to back it.
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I will never understand Crypto.
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Looks like you won’t have to.
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Nothing to see here folks. There never is and according to 51 retired intelligence officers, Hunter’s laptop is Russian disinformation. This is just more of the same. It’s all good and there will be no entity that works for “we the people” that will ever investigate, indict if laws were broken and prosecute…so move along.
That’s just the way it is. Some things will never change. That’s just the way it is, it is, it is, it is…
That and NFT’s. Just seemed like nonsense and a scam. Never dropped a penny in it. Sure there are some that got out at the right time and made a nice profit, but this stuff seemed dicey to me from the start and I am Conservative when it comes to my investments.
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You and Brady apparently.
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NFTs always seemed like a joke and a scam. Never wanted anything to do with them.
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The FTX collapse has links to Ukraine and a huge donor for Democrats. The collapse has occurred after Democrats assured that billions in US aid would have little to no oversight.
Nothing to see here, move on . . .
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I found this article (can’t open the whole article) which asks what blame can be put on Congress:
An interesting discussion from Jimmy Dore:
The documented donations to Democrats is up to $70 million.
There are connections to the WEF as well.
