Discover and read the best of Twitter Threads about #sec

Most recents (24)

WHO REVIEWED & HELPED WRITE THE HINMAN SPEECH?

Who was on the 63 emails that included a draft of the speech?

Where is Hinman’s public calendar?

Who purchased large quantities of #Ether between December 2017 to June 13, 2018?

$10k in #ETH ICO = a net worth more @GaryGensler👇
@ethereumJoseph received 9.5% of #ETH as a co-founder.

Everyone knows @VitalikButerin and Lubin held an ICO through crowdfunding which was without a doubt an unregistered securities offering.

Where was @SECGov?

Where is outrage from those that attack @Ripple & #XRP?
One River bet $1 billion on #BTC and #Ether in October 2020. Two months later on his last day at the @SECGov, Clayton directs the enforcement action against @Ripple and #XRP. Twelve weeks later, Clayton joins One River.

Clayton’s law firm represented Lubin and #Consensys.
Read 25 tweets
Some people comments are so 'salty'.
They look very salty after a -20% drawback in their portfolio.
Why so salty #Bitcoin #Maximalists?
😂😂Your 100k calls got re-routed for next year?
I know a idot that spent all his savings and bought #Bitcoin at 60k.I told him he is the top.
Fundamentally #Cryptocurrencies and #Bitcoin are in the middle of a bubble similar to #DotCom due to derrivates and unbacked stablecoin.

If you are a financial literate you know what provoked the #DotCom bubble and was all due to unregulated markets of derivates back in 2001.
In 2001 brokers could bet on the weather change via derivates market, they could as well as today we can do on multiple illegal platforms.

@FTX_Official for example illegally allowed to bet on Presidential US Race , extremely illegal.
Read 8 tweets
Consider the following:

Clayton and Hinman worked closely together before the @SECGov. Clayton brings Hinman on board to join him and the #SEC.

Joe Lubin @ethereumJoseph is co-founder of #Ether and founder of #Consensys.

Clayton’s law firm represented Lubin and #Consensys.
Hinman’s law firm was on the Board of the #EtherAlliance and represented clients involved with the #Ethereum Foundation.

Hinman met with Lubin and Consensys prior to his June 14, 2018 #BTC and #Ether are not securities speech.

Lubin was part of the Hinman speech conference.
In October 2020 One River makes a $1 billion bet on #BTC & #Ether.

2 months later on his last day at the SEC Clayton directed the filing of the enforcement action against @Ripple @bgarlinghouse & @chrislarsensf asserting the ridiculous claim that even Today’s #XRP is a security
Read 7 tweets
In the Hinman deposition it is mentioned that attorney Brian Rabbit was present at a meeting between Hinman & Clayton and @bgarlinghouse and @JoelKatz.

Attorney Rabbit was Senior Policy Advisor to Chairman Clayton at the time. Meet Brian Rabbit 👇
jonesday.com/en/lawyers/r/b…
Attorney Rabbit was at this meeting wherein Brad Garlinghouse informs Clayton that @Ripple was living in “purgatory” because of the lack of clarity regarding whether #XRP is or is not a security. Of course, Clayton never responded back to Garlinghouse that #XRP is a security.
The only thing more ridiculous than the @SECGov claiming today’s #XRP is a security is the @SECGov’s argument that the Hinman speech was only his personal opinion and not meant to be guidance by the #SEC.

@digitalassetbuy found Brian Jackson discussing the Hinman speech.
Read 4 tweets
This is significant evidence in @SECGov 🆚 @Ripple & and even more significant evidence in #XRPHolders 🆚 @SECGov.

@CRYPTOcounselo2 does a great job summarizing the relevant statements and admissions contained in the video shared. Read the thread.

Some additional thoughts:
Amy Starr is likely one of the fact witnesses from the #SEC that #Ripple elected to depose in addition to William Hinman.

Her name was brought up in the Hinman deposition. See pic 👇

In the Consensus 2019 video Amy states “we have people that really understand the technology.”
Amy Starr states that at the #SEC “we developed an expertise” in blockchain technology and that at the #SEC “we participate internationally.”

Why is this all significant? One, #XRP was internationally recognized as a non-security!

Two, the #SEC was an expert and understood
Read 15 tweets
A @SECGov 🆚 @Ripple 🧵

For the first time ever in a non-ICO case, the @SECGov is asserting that the digital asset itself - #XRP - is a security.

That absurd argument not only violates common sense but it’s in direct contradiction of over 70 years of case law and precedent.
In the #Howey case in 1946, there were two contracts in play between the investors and the W.J. Howey Co:

(1) a purchase and sale contract for the Orange 🍊 Groves;

(2) the investors signed a service contract hiring Howey to handle everything (from planting thru selling).
The Supreme Court found that the entire “scheme” taken together constituted a securities offering.

The Supreme Court NEVER said or implied that the oranges 🍊 were securities.

73 years later in 2019, the SDNY handed down the #Telegram case.

Telegram was a typical ICO case.
Read 16 tweets
"Dimon’s statements disavowing responsibility show that #WallStreet firms will continue to funnel US money into Chinese companies regardless of the risks, collecting their fees with glee…"

Thread [Paragraphs worth pasting in full, 1/3] 🔥 by @joshrogin.
washingtonpost.com/opinions/2021/…
[2/3] "Gensler’s response, in which he promised to push for more disclosure from Chinese companies, shows that the #SEC still doesn’t understand that #XiJinping has no intention of allowing that to happen.

The #CCP’s recent actions show clearly that the risks of investing…"
[3/3] "…in Chinese companies that have no real accountability & transparency are growing quickly—and steps to protect US capital markets must be hastened… #WallStreet firms & regulators who ignore this now are failing in their responsibility to protect the American people."
Read 4 tweets
The head of the SEC made it very clear that if you:

1. Give money.
2. With the expectation of profit.
3. From the work of others.

You've invested in an unregistered security and that is illegal in the US

Here is why he also made it clear #bitcoin is not this, but "most" are...
When bitcoin was released Satoshi posted code. Some people chose to run that code and mine bitcoin. No money was ever invested by anyone to anyone else for the purposes of building anything.

Eventually people chose to exchange bitcoin for money.

Bitcoin was built for free.
...
Contrast this with #Ethereum



This is a speech from @VitalikButerin to investors. It will eventually be used as evidence by the SEC because it clearly shows: ...
Read 17 tweets
The #OU Board of Regents has started its meeting. Here's a look at today's packed house of local and national media. People like football. #Big12 #SEC (1/3)
For those who may not have followed the #OU Board of Regents extensively, @RepMarkMcBride has once again exercised his #okleg authority to enter today's executive session as an observer. Here he is being patted on the back by Regent Eric Stevenson as Sean Burrage grins. #oklaed
Lastly, it's no secret that I have committed my #OUDNA to covering every meeting of the #OU Board of Regents for the foreseeable future. My articles can be found here. nondoc.com/tag/ou-board-o…
Read 14 tweets
So far everything Ive commented on in the realm of conference expansion has been make believe. Just day dreams. I did a little reading tho & wanted to go thru what is reality & most importantly, why? Ill be going thru all remaining P5 confs to shed light on their situation. #CFB
First, lets take a look at the #ACC. You can ignore anything you read regarding #NotreDame or any of the the #ACC schools leaving. Just keep right on scrolling, bc it isn’t happening. Why not? The #ACC has a grant of rights agreement which extends until 2036. (continued)
No school is going to be putting their TV revenue on the line for the next 15 yrs. Just wont happen. By the end of this grant of rights agreement tho, the #ACC will be making nearly half of what the #BigTen & #SEC will be in TV revenue (only $34 Million per team in ’19). (cont)
Read 16 tweets
Interesting observations - in the 90’s the #SEC won 3 outright championships, #Big12 won 4 outright or shared, ACC won 4 outright or shared, #Pac10 won 1, #Big10 won 1 shared. First half of 2000 (2000-05) Big12 won 2 BCS, ACC won 1, Big10 won 1, PAC10 won 1, SEC won 1. Since then
the #SEC has won 11 times which statistically makes no sense. So what happened… well in the 04-05 championship an undefeated SEC champ was left out of the BCS championship game (which would never happen again) in favor of OU v USC. Enter the worldwide leader in sports #ESPN
ESPN signed a 15 year deal in 2008, the longest deal signed by them, with the SEC - not long after the CBS deal. From that point on the influence from the network pushed the conference’s prominence and heavily influenced perception of the league’s “strength.”
Read 18 tweets
Now that #Oklahoma and #Texas have officially withdrawn from the #Big12-2-2-2, several academic institutions in the league have started the process of backchanneling (while of course remaining committed to the Big12-2-2-2) for a new home.
Not wanting my own beloved college cast aside to a G5 league that is more aligned with our aspirations and history, I’ve taken it upon myself to produce a similar piece, so that another elite league may choose to add us and carry us on their financial shoulders.
I of course, am speaking of University of #West #Virginia. There are several things that set #WVU apart from your average D1 entity. These unique qualities define us, and should give us immediate consideration for our admission into either the #ACC, #BIG16, #PACnumber, or #SEC.
Read 32 tweets
My thoughts on #Big12, #IowaState, and the other institutions. The most likely scenario for the remaining schools is a merger with #AAC or #MWC or a combination of the two. Which isn’t ideal for the remaining schools because tv revenue would be way down… your annual payout would
be maybe $15MM? Compare that to the $34MM the #Big12 paid out last year. And if you’re confident that #IowaState goes to the #BigTen, I wouldn’t be. Not to say they won’t but if the Big10 is in a race against the #SEC you can’t counter by adding Iowa State or Kansas. You have to
ensure your premier schools #OhioState and #Michigan are happy and they only shot you have at that is striking a deal with the #Pac12 or some of the #Pac12 schools. And if I was #Fox I would PUSH for this. Why? Because #EPSN is the biggest benefactor here, right now.
Read 9 tweets
Why has it become accepted wisdom with national CFB reporters that Texas has a history of hogging revenue and bullying other schools? That's false. Uniquely among CFB programs, Texas has supported a half-dozen smaller schools at all times for D-E-C-A-D-E-S

a thread /1
Read this: texasmonthly.com/arts-entertain…

It tells the story of the SWC up to the mid-70's. Texas was subsidizing the conference at a 1:4 share even back then. Rice and TCU struggled to get 15K fans for their games but each got paid ~10% of Texas' TV revenue. \2
When Arkansas left the SWC, they weren't leaving Texas - that rivalry is still powerfully maintained by Arky fans to this day - they were leaving annual games against Rice, Baylor, TCU, SMU, Texas Tech, and Houston. Which Texas and Texas A&M then got stuck with. \3
Read 12 tweets
It is without question or debate that #ETH started out as - and fit perfectly - the definition of an investment contract (aka security).

Way more than #XRP ever could.

In the clip shared by Eri, a co-founder admits that #ETH started as an #ICO.

They raised $18 million from
9k people around the world. At the time of #ETH’s ICO, the #ETH blockchain WAS NOT yet developed. It was developed one year later using the $18 million.

This exact scenario was shutdown by the Court in the #Telegram case.

@novogratz bought 500k #ETH and @VitalikButerin stated
that without that purchase of #ETH the Ethereum Foundation would not have survived. Vitalik also stopped the exchanges from trading #ETH on a particular occasion (with good intentions). These examples are not representations of decentralization, however.

Please know that I own
Read 4 tweets
The fight over the Hinman deposition has now just begun. It will be a heated “meet and confer” meeting I can promise you that.

If I was a lawyer for @Ripple I would find out immediately if the #SEC intends to object to several basic non-privileged questions about the Hinman
#ETH isn’t a security speech:

1) how many drafts did the speech undergo;

2) who helped draft or compose the speech;

3) who reviewed the speech before you gave it;

4) did you submit the speech to any of the commissioners or Chairman;

5) anyone outside of the #SEC assist you;
6) what research, articles, publications or technical resources did you review before giving the speech;

7) what input did the founder of the #ETH foundation provide you before reaching your opinion;

8) what other digital assets did you review or compare to #ETH before speech;
Read 5 tweets
برنامج المحتوى المحلي #بناء، الذي أطلقته #السعودية_للكهرباء مطلع 2019، يدعم ويحفز المنشآت الصغيرة والمتوسطة بتخصيص كميات تصل إلى 10% من أوامر الشراء؛ بهدف تعزيز المحتوى المحلي للصناعة والخدمات الكهربائية، تماشياً مع رؤية المملكة 2030.
البرنامج يعزز المحتوى المحلي في #السعودية_للكهرباء، عن طريق المساهمة في المواد والخدمات المحلية، وتدريب وتطوير السعوديين، وتأهيل وتطوير الموردين المحليين، ومجالات البحث المختلفة. #بناء

se.com.sa/ar-sa/business…
كما يُسهم برنامج #بناء في تعزيز نسبة المحتوى المحلي بمشتريات وعقود الشركة، من خلال دعم شُركاء الأعمال، وتقديم التسهيلات والتحفيزات اللازمة، لزيادة عناصر المحتوى المحلي في #السعودية_للكهرباء.
Read 6 tweets
@sprwn is relying on what the @SEC_News said about me in response to #XRPHolders motion to intervene. I quoted an old adage in my reply brief:

“When You Resort to Attacking the Messenger and not the Message, You Have Lost the Debate.”

Many people didn’t read the reply brief.
But considering @sprwn has used the SEC as his only source in his unprovoked attack of me, I will quote my response to the SEC’s attack so that it is in proper context for those that are unaware:

“The SEC has attempted to portray XRP Holders’ counsel as an unhinged conspiracy
theorist crusader unfairly targeting the SEC. Attorney Deaton’s criticism of the former leadership of the SEC is mostly based on the media’s reporting regarding troubling discoveries of conflicts of interests, self-dealings and personal gain regarding former Director of
Read 14 tweets
Web sitem yayına hazır: celilozturk.com

Yazılarımı blog sayfamda güncel olarak takip edebilirsiniz.

Bu #Flood altında yazılarımı ve sitede "Kaynaklar" kısmına ekleyeceğim "kriptoparalar" ve "blokzincir teknolojileri" ile ilgili yararlı kaynakları takip edebilirsiniz.
2. Blog sayfasında: yazılarım yer alacak,

Kaynaklar sayfasında;
- Kriptoparalar,
- Akıllı sözleşme geliştirme,
- Akıllı sözleşme güvenliği,
- Yararlı Bültenler ( @LibraryDefi @kripto_kurator @BanklessHQ gibi)

gibi başlıklar altında yararlı kaynaklar olacak ve güncellenecek.
3. “Big Brother is Watching Blockchain: Blockchain Gözetim Pazarı"

- Blokzincir gözetimi neden önemli?
- Blokzincir gözetim pazarı neden hızlı bir şekilde büyüyor?
- Gizlilik açısından yansımaları neler?

#Privacy #Blockchain #Analysis
celilozturk.com/big-brother-is…
Read 22 tweets
1. Who exactly have Clayton and Hinman been working for? Their decisions at the #SEC seem to have clear conflicts of interest with #BTC AND #ETH and may even have hindered US interests in favor of China.🍺
2. Mind blowing stuff. Beyond personal conflicts of interest, SEC members have made decisions that favor CCP interests over the US. 😬🍺
Read 4 tweets
Part II: March-May 2021 Highlights & Milestones for Labor Smart, Inc. & Takeover Industries, Inc. dba (OTC:LTNC) $LTNC #LTNC #LTNCArmy #TeamNXTLVLUP
25/ On 5/7 Pre-Launch Sale Announced for #NXTLVLUP Nootropic Energizer Starts. Sold over $30,000 in product in the first three hours.
26/ On 5/11 Team Takeover Signs First Esports Athlete @FiberAlex to #TeamNXTLVLUP
Read 23 tweets
Lo preocupante de esto es:

1. @Pemex tiene una pérdida financiera ENORME, 37.2MMDP en el último trimestre, es decir la EPE NO GANA, NO TIENE AHORROS, es decir, NO TIENE DINERO.

Por ende, ¿A que demonios se le quitaron 600 MDD para esta burrada?

Básicamente, se compra con deuda
2. Otro punto es la “dieta” de la refinería, @lopezobrador_ habla de que “vamos a ser autosuficientes”.
Ok, ¿a qué costo?
Esta instalación funciona para crudos ligeros, es decir, la MME ni de mamada sirve para #deerpark
Se tendrá que “comprar” crudo extranjero.
¡Plop!
3. La #SEC deberá validar l transacción y Shell hasta el momento no ha dado un comunicado oficial.

Al no existir nada de eso se puede decir que es un bluff del presidente.

Ojo, no hay medios especializados internacionales que hablen de la transacción, solo del delirio de López.
Read 8 tweets
Since my tweet, which surprisingly went viral, many ask me why I am so sure that a settlement will come in the next two weeks. With this thread I try to summarize a small part of the reasons. This is my own opinion and you are welcome to disagree. #xrp
Why I am convinced that a settlement will come:
1. Unfavorable choice of judge for the #SEC: It is clear which way she is leaning.
2. Weakness of the case: SEC has not been able to provide a single solid piece of evidence regarding fair notice and the allegation of intent
3. Absolut vast majority of all SEC cases are settled.
4. New regulation is under congressional review. Moving the case forward based on completely outdated legislation would not provide clarity.
Read 16 tweets
I’ll tell you what the #SEC lawsuit is really about. And yes many will think this is tinfoil hat conspiracy stuff. But everyone should read the book called the Innovators Dilemma. In this book it talks about how innovation properly handled & wrongly handled. @ripple with #XRP
Is following the proper plan for complete success. #blockbuster failed because they like what that had built their view was faster physical media “DVD” but the public did know this was just a faster horse. #Netflix offered to sell out to Blockbuster for $50m. But, blockbuster..
Refused, and it’s fun to watch a time-lapse of the number of blockbuster stores that dwindle as the #Netflix streaming service grows and grows. @ripple has offered the prize to the big banks, a better faster innovative technology, but the big banks like their fast horse “SWIFT”..
Read 4 tweets

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