Sheikh Pump πΈπ¦ retweeted
5/ So far, communities like @lidofinance, @uniswap, @arbitrum, @optimismFND, @ensdomains, @MolochDAO, @nounsDAO + other crypto natives have given back towards these efforts through @ProtocolGuild. Now it's our turn to step up and support the people making this all possible.
Sheikh Pump πΈπ¦ retweeted
Because the @SECGov and @GaryGensler refused to write clear rules for crypto, a judge just did it for them.
Sheikh Pump πΈπ¦ retweeted
1/ SEC Chair Gary Gensler has wrongly prejudged that all digital assets are securities.
As a result, federal law requires that he recuse himself from all enforcement decisions related to digital assets.
@MTCoppel and I wrote a paper explaining why π
theblockchainassociation.orgβ¦
Sheikh Pump πΈπ¦ retweeted
π¨ NEWS - Today I filed the SEC Stabilization Act to restructure the @SECGov and #FireGaryGensler.
U.S. capital markets must be protected from a tyrannical Chairman, including the current one. Itβs time for real reform and to fire @GaryGensler as Chair of the SEC. Statement β¬οΈ
Sheikh Pump πΈπ¦ retweeted
Never before seen levels of corruptions and fraud can be found among the members of the radical communists anti crypto agenda. @GaryGensler worked closely with SBF before FTX collapsed without protecting any US investors, and even wanted to give FTX special treatment in the US
Sheikh Pump πΈπ¦ retweeted
Wtf happened to America?
250 years ago someone tried to tax their tea and they started a revolution.
Today, this guy decides what youβre allowed to do with your own savings.
Sheikh Pump πΈπ¦ retweeted
Regarding the SEC complaint against us today, we're proud to represent the industry in court to finally get some clarity around crypto rules.
Remember:
1. The SEC reviewed our business and allowed us to become a public company in 2021.
2. There is no path to "come in and register" - we tried, repeatedly - so we don't list securities. We reject the vast majority of assets we review.
3. The SEC and CFTC have made conflicting statements, and don't even agree on what is a security and what is a commodity.
4. This is why the US congress is introducing new legislation to fix the situation, and the rest of the world is moving to put clear rules in place to support this technology.
Instead of publishing a clear rule book, the SEC has taken a regulation by enforcement approach that is harming America. So if we need to avail ourselves of the courts to get clarity, so be it.
Btw, in case itβs not obvious, the Coinbase suit is very different from others out there β the complaint filed against us is exclusively focused on what is or is not a security. And we are confident in our facts and the law.
We'll get the job done. In the meantime, let's all keep moving forward and building as an industry. America will get this right in the end.
Sheikh Pump πΈπ¦ retweeted
This is from a former @SECGov Advisory Committee member.
The @SECGov will be stopped by appellate courts for regulation by enforcement on crypto but that will take years and hundreds of millions of dollars to accomplish. It makes @GaryGensler's actions even more appalling.
This quoted post is unavailable.
Sheikh Pump πΈπ¦ retweeted
Replying to @GenslerArchive @GaryGensler
1) Refuse to say what compliance means; 2) Approve their IPO knowing their business model; 3) Sue them for non-compliance.
This is why the @SECGov has no credibility.
Sheikh Pump πΈπ¦ retweeted
Replying to @GenslerArchive @GaryGensler
Literally no one is asking for these "protections"
How about you go after all the actual scammers/grifters in the crypto space instead of chasing headlines?
Sheikh Pump πΈπ¦ retweeted
Replying to @GenslerArchive @GaryGensler
You failed to protect people against FTX, now you are pathetically trying to catch up by going after legit players AFTER they went public during your watch
You are a useless sleazy weasel
Sheikh Pump πΈπ¦ retweeted
Replying to @GenslerArchive @GaryGensler
> Refuse to provide regulatory clarify
> Charge institutions with failure to comply with regulations
> Profit??
Sheikh Pump πΈπ¦ retweeted
5/ Bottom line:
The Court will give these arguments advanced by the U.S. Chamber of Commerce serious attention.
And
The largest, most influential, business organization in the U.S. has just declared it stands with crypto.





















