FTX GOVT SUBSIDIARY 🧵1/
Evidence is mounting that Sam Bankman-Fried's #FTX completely co-opted the US Commodity Futures Trading Commission - a situation that may be ongoing and include SEC Chair Gary Gensler. Was the CFTC a subsidiary of FTX?
Evidence is mounting that Sam Bankman-Fried's #FTX completely co-opted the US Commodity Futures Trading Commission - a situation that may be ongoing and include SEC Chair Gary Gensler. Was the CFTC a subsidiary of FTX?
FTX GOVT SUBSIDIARY 🧵2/
#SBF hired Ryne Miller (@_Ryne_Miller) the former Legal Counsel to US Commodity Futures Trading Commission Chairman Gary Gensler to serve as FTX's General Counsel - the former government regulator is still with #FTX. (Picture is an #NFT of Ryne)
#SBF hired Ryne Miller (@_Ryne_Miller) the former Legal Counsel to US Commodity Futures Trading Commission Chairman Gary Gensler to serve as FTX's General Counsel - the former government regulator is still with #FTX. (Picture is an #NFT of Ryne)
FTX GOVT SUBSIDIARY 🧵3/
#SBF hired Mark Wetjen (@markwetjen) the former Chairman and Commissioner of US Commodity Futures Trading Commission to serve as FTX's Head of Policy and Regulatory Strategy - he is still a director at LedgerX, an FTX subsidiary.
#SBF hired Mark Wetjen (@markwetjen) the former Chairman and Commissioner of US Commodity Futures Trading Commission to serve as FTX's Head of Policy and Regulatory Strategy - he is still a director at LedgerX, an FTX subsidiary.
FTX GOVT SUBSIDIARY 🧵4/
In 2021 Wetjen emailed #CFTC chair Rostin Benham concerning an urgent matter about LedgerX. The next day #GaryGensler meets with Wetjen and 3 days after that it is announced #FTX will acquire #LedgerX. h/t @NerdNationUnbox
In 2021 Wetjen emailed #CFTC chair Rostin Benham concerning an urgent matter about LedgerX. The next day #GaryGensler meets with Wetjen and 3 days after that it is announced #FTX will acquire #LedgerX. h/t @NerdNationUnbox
FTX GOVT SUBSIDIARY 🧵5/
#SBF then hired former CFTC Commissioner Jill E. Sommers to lead the Former CFTC Commissioner Jill Sommers joins FTX US Derivatives Board.
prnewswire.com/news-releases/…
#SBF then hired former CFTC Commissioner Jill E. Sommers to lead the Former CFTC Commissioner Jill Sommers joins FTX US Derivatives Board.
prnewswire.com/news-releases/…
FTX GOVT SUBSIDIARY 🧵6/
Jill and the FTX Board wrote the controversial Digital Commodities Consumer Protection Act (DCCPA) bill that was presented by FTX-funded Senators Stabenow (D) and Boozman (R). Here is a leaked copy:
github.com/LeXpunK-Army/C…
Jill and the FTX Board wrote the controversial Digital Commodities Consumer Protection Act (DCCPA) bill that was presented by FTX-funded Senators Stabenow (D) and Boozman (R). Here is a leaked copy:
github.com/LeXpunK-Army/C…
FTX GOVT SUBSIDIARY 🧵7/
The FTX-proposed DCCPA legislation put the regulation of crypto in the hands of the CFTC and not the SEC. Suddenly it is clear why Sam Bankman-Fried hired half of the CFTC to work for FTX.
The FTX-proposed DCCPA legislation put the regulation of crypto in the hands of the CFTC and not the SEC. Suddenly it is clear why Sam Bankman-Fried hired half of the CFTC to work for FTX.
FTX GOVT SUBSIDIARY 🧵8/
The CFTC had an open-door policy when it came to FTX - they could meet with whomever, whenever they wished. That access allowed them to draft the DCCPA legislation to exclusively benefit FTX.
latimes.com/politics/story…
The CFTC had an open-door policy when it came to FTX - they could meet with whomever, whenever they wished. That access allowed them to draft the DCCPA legislation to exclusively benefit FTX.
latimes.com/politics/story…
FTX GOVT SUBSIDIARY 🧵9/
The CFTC applied maximum pressure on Sam Bankman-Fried to put the company into bankruptcy and into the control of former CFTC officials, who could control the narrative and protect the commission from possible fallout.
The CFTC applied maximum pressure on Sam Bankman-Fried to put the company into bankruptcy and into the control of former CFTC officials, who could control the narrative and protect the commission from possible fallout.
FTX GOVT SUBSIDIARY 🧵10/
When former CFTC officials at FTX learned that Sam Bankman-Fried planned to spill the beans about the relationship between the CFTC and FTX in his congressional testimony the DOJ hastily pressed charges against Sam requesting that he be arrested.
When former CFTC officials at FTX learned that Sam Bankman-Fried planned to spill the beans about the relationship between the CFTC and FTX in his congressional testimony the DOJ hastily pressed charges against Sam requesting that he be arrested.
FTX GOVT SUBSIDIARY 🧵11/
Far too many hands in Washington DC are unclean when it comes to Sam Bankman-Fried. Sam's legislation written by Jill and the FTX US Derivatives Board was even introduced by Senators Stabenow (D) and Boozman (R) - both funded by Sam and FTX.
Far too many hands in Washington DC are unclean when it comes to Sam Bankman-Fried. Sam's legislation written by Jill and the FTX US Derivatives Board was even introduced by Senators Stabenow (D) and Boozman (R) - both funded by Sam and FTX.
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