He broke the administrative procedures act that was introduced in the 40s. Im not saying he will go to jail but its possible. I know he will at least get fired
Looks to me like he is facing "Accusations"and "Allegations" He has not been charged!! In 2018 as a professor he said that he thought Crypto was a commodity and now he thinks it is a security. By changing his mind he affected the price of crypto. Pretty weak arguement if you ask me. I doubt anything will come of it.
Yes, but @Tokenz said that anyone can look it up on Google. And when you do a Google search for "Gensler facing charges," the article that he posted from "Tekedia Capital" comes up as the first search result, and it says "Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), is facing market manipulation charges..." It's on Google, and Google never gets anything wrong. They announced last year they have "robust systems in place" to prevent the spread of false information. So if it's on Google, it must be true. Gensler is facing charges!
Tether had 10 years to produce audit. None was ever done. Case closed. I am right about it being the world biggest financial fraud.
I hope somebody in the US will stop Gensler from running the whole crypto sphere. It’s truly unbelievable how he goes after Coinbase and Binance, at the same time he did nothing with SBF and FTX.
I believe, he is going after Coinbase now BECAUSE of what happened with SBF. SEC needs to clean up its credibility... you know, the thing they lost around 08 when they never did shit before, or after the crisis and hold those responsible accountable. Now we have more moral hazard like never before... banks don't even bother to hedge anymore! They've been taught to not bother (it cuts into profits) and just take risk lol.
Before chairing the SEC, Gensler was an adjunct professor at MIT. His boss at MIT, Glenn Ellison, is Caroline Ellison's father. Caroline was the head of Alameda Research, the hedge fund affiliated with FTX.
That's interesting, but it doesn't prove that he broke the law. Relationships like that are very common. People go back and forth between government, private sector, and academia all the time. Binance has hired an attorney who previously worked for the SEC to help them fight the case. Ellison was charged. She flipped and cut a deal. She pleaded guilty to some criminal offenses, including wire fraud. I don't know if she'll do time. But my point is that her connection to Gensler did not allow her to avoid criminal charges.
The original post in this thread is titled: "Gary Gensler faces Market Maniupulation Charges..." and @Tokenz copied and pasted this article: https://www.tekedia.com/gary-gensler-faces-market-manipulation-charges/ Just for a quick comparison, here's an article about a public figure who is really "facing charges": https://www.theguardian.com/us-news...-jr-los-angeles-city-council-criminal-charges Note that in the first two paragraphs, the article clearly states exactly what he has been charged with, and by whom. As I stated earlier, the article published by "Tekedia" is not real news. Gensler is not "facing charges," at least not in the way this expression is commonly used by the US media. Definitions matter.