If you're in the crypto space and you're facing action from the SEC, we want to help.
We will give you as much information and help as we can about how the SEC behaves, privately and confidentially.
Message us on Signal at 352-234-4746. We're stronger together.
Since many SEC officials follow this account, we'd like to remind you that you are individually morally responsible for the choices your make.
If you go out and destroy the lives of innocent people, God will not care that you did it because your boss told you.
βI will do anything. I will destroy the company. I will give them every dollar in the bank. I will fire everyone. I will shut down everything. I will give you all the premine. Is [#LBC] not a security now?β
The testimony of an American Entrepreneur who canβt get an answer.
one of the dumbest mistakes I made was believing that the law was a sort-of logical system that you can interrogate back when accused of breaking it
it turns out that this is not at all how the law works
Summary of the SEC v. LBRY hearing.
Judge: "SEC, you need to be reasonable."
LBRY: "They won't be reasonable."
SEC: "We reserve the right to not be reasonable and probably won't."
Judge: "Well, okay then."
That, and @jeremykauffman being a boss.
JUST ADDED to our Document Library, in SEC v. LBRY:
β Full Transcript of 11/21/22 Status Hearing between @LBRYcom and @SECGov (no longer under redaction restriction). (1/5) π
crypto-law.us/wp-content/uplβ¦
(5/5) In an anguished response to Moore, Kauffman goes to the very heart of the SEC's abuse of his company and every company it is suing.
This is what @Ripple and #XRPHolders are facing. This is what @Coinbase and everyone will face.
This is what @GaryGensler is doingπ
(5/5) In an anguished response to Moore, Kauffman goes to the very heart of the SEC's abuse of his company and every company it is suing.
This is what @Ripple and #XRPHolders are facing. This is what @Coinbase and everyone will face.
This is what @GaryGensler is doingπ
JUST ADDED to our Document Library, in SEC v. LBRY:
β Full Transcript of 11/21/22 Status Hearing between @LBRYcom and @SECGov (no longer under redaction restriction). (1/5) π
crypto-law.us/wp-content/uplβ¦
JUST ADDED to our Document Library, in SEC v. LBRY:
β Full Transcript of 11/21/22 Status Hearing between @LBRYcom and @SECGov (no longer under redaction restriction). (1/5) π
crypto-law.us/wp-content/uplβ¦
"That use case doesn't need its own token, they could have just used bitcoin".
Yes, I don't necessarily need a glass if I can just drink out of a shoe instead, but a shoe is less than optimal for this purpose.
If we did it all over again, one thing we'd definitely do differently is give more money to politicians.
Don't fall for the idea that America has free markets or the rule of law.
It's true that @coinbase stayed on the sidelines for years trying to be a good boy and curry favor with the regulators.
It's also true that @coinbase deserves our support regardless, because cryptocurrency is too important.
As if the cases against #Ripple and #LBRY were not. It is just hypocrisy and needs to be called out. It is @coinbase again acting out of pure self interest. I also tweeted separately i support Coinbase against the SEC without qualification. Still donβt respect Coinbase/5
Iβm reading the transcript from the @LBRYcom hearing I participated in on behalf of @naomibrockwell as amicus. I reminded the judge that the word βclarityβ was used 16 times and the judge responded: βA lot them by me.β
I informed the judge he raised clarity 8X in one hearing.
We stand with @coinbase 100%. What the SEC is doing to them isn't just misinformed; they're intentionally evil people.
But unfortunately, if the standards of the SEC vs LBRY case hold, Coinbase was almost certainly breaking the law.
We don't want this to be true, but it is.
The @SECGov is trying hard to wipe out @LBRYcom, all the workers & investors associated with it. Not because they didn't register but because they can. Meanwhile JPMorgan bribes governments, undermining an entire system only to pay the SEC some of the profits as protection money.
Update: the SEC is continuing to use their powers punitively and has given us hundreds of hours of interrogatories and discovery requests that we have to answer unpaid and for free
Dear God. Barney Frank openly admits that Signature was arbitrarily shuttered despite no insolvency because regulators wanted to kill off the last major pro-crypto bank. Colossal scandal
cnbc.com/2023/03/13/signaturβ¦
Update: the SEC is continuing to use their powers punitively and has given us hundreds of hours of interrogatories and discovery requests that we have to answer unpaid and for free
You can criticize the SEC for allowing the collapse of FTX, Silvergate and Silicon Valley Bank as long as you want. But damn.... Those @LBRYcom guys... Boy am I glad they caught them hard for coming in and talk.