The difference between genius and stupidity is, Genius has its limits.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
signed, sealed, delivered...all we're waiting on....
is the RUNNNNNNNNNNNNNNNNNNNNNN
binance and sec make a deal....
and in '21 when 400 trillion plus was burned, it took off for the moon.....burning is one of the keys and the cheaper it is the more is burned....and then so much more in store for shib. gotta keep up. you didnt cash in in '21?
CYBERFUELS IS THE FUTURE
Future Millionaires SHIB Is The Future
despues juneteenth READY,SET,GO
blackrock to invest 10 trillion with coinbase
becoming a shiba inu whale
sec chief is on a mission from brandon. destroy cryptos as much as possible before you are forced out. compromise, hell no. sue sue sue and hope they all do as robinhood did. they want to make way for the launch of the cbdc, which is being banned one state at a time, led by florida. should it launch as a centralized digital currency, it shall sink in the harbor
ECSL press releases and filings can be competent due diligence.
getting hands dirty and digging for clues can solve the ECSL mystery.
ECSL board true detectives with gum shoe experience shall prevail.
last chance to sell like ''she'' in that other ''ECSL group'' that doesnt exist.
June 19, 2023 may well be the coming out party for ECSL....
non believers, only a couple or so days to sell.
ECSL believers same time line to ''load the boat''
HAIL VICTORY...PARA LA VICTORIA...FÜR DEN SIEG
that's right around the corner, HAIL VICTORY
when I am out to make money, news is news. if some only count ECSL pr's that is a shame. my program developed with wade cooks tutoring and my addition of news as being the determing factor, resulted in amazing ECSL returns....which i reinvested in ECSL, as previously stated, at the next sp lows, six times total. if one restricts themselves to only ECSL pr's and filings, they do themselves a disservice. also those who live dwaddling in the ECSL past 800 efforts that were either minimally successful or not at all...only tells one 800 ways not to repeat an unproductive effort. i know what the ECSL product was and is. since 2011 i have had the patience and courage of my convictions that it shall be successful. with the additions that ECSL has added, i believe success shall be beyond even my lofty expectations. My due diligence is as consistant as it was in 2011, but, more so, as time will tell all.
a rolling stock and flipping are not the same thing. to the uninformed it would seem so. gotta read wade cooks book on rollers. most imformative. by adding in the ''news'' factor you follow the roller and act accordingly when there is no ''news''. when there is 'news', one should be more cautious with a roller, but, flipping smaller amounts is always acceptable. since july of 2020 there has been a constant flow of ECSL news.
WHY have i been adding since .08 & you .05?
did my alarm clock go off late in 2020, when the ECSL train was building up a head of steam for the venture ahead?
right you are. over the years i have sold ECSL at over $1.50 once, over a dollar many times and over three dollars once. knowing the past history of ECSL is an important part of due diligence, but, knowing what lies ahead is much more important. what does one call ECSL shares sold at or near the highs over the years and then reinvested at the lows? oh yes, ECSL free shares. we are on the cusp of ECSL greatness. HAIL VICTORY ECSL
HAIL VICTORY.....PARA LA VICTORIA
aint that the truth, papa.
so many think they lost money. did they sell? do you have the courage of your convictions? do you have experience? do you have patience?
that may hold water at least til someone builds a better mouse trap. is shabarium a better mouse trap? dont know.
(hope so) realizing 'hope' is not an investment strategy
consider the source.
in addition....bidens game is to attack exchanges, and he has. but, what he fails to understand is we can just pick up and move offshore or to a private wallet. the cbdc, which his regime wishes to launch next month will fail. what they refuse to realize or are in denial about, is no money has ever replaced a fiat with another fiat, throughout 3000 yeas of human history. there have been more than 30 fiats that have ran out of time due to deminishing the gold content, like the us dollar, no other fiat ever has been able to replace a dead worthless fiat. only precious metals have done that. if they launch the cbdc what will result will be it sinking in the harbor. they are not the sharpest knives in the drawer,
i see a pattern brewing here....if you cant stake...
burn em. one way or the other price shall go up, in time
robinhood ends crypto support....caves to sec
u must use the same spy satellite as i do
gotta go off shore to continue staking on binance
the sec attack is forcing exchanges to make changes
regimes push against alt coins will backfire
https://www.bitchute.com/video/rrH1jr2pG3vT/
coinbase and robinhood y mas, testify against sec
the sooner the better...
that would result in a huge shiba inu rally....as well as cryptos in general
why dont you fill us in on all you know about ecsl closing..
Coinbase CEO Says SEC Lack Of Clarity Is "Harming America"
Tyler Durden's Photo
BY TYLER DURDEN
TUESDAY, JUN 06, 2023 - 01:00 PM
Update (1300ET): Copinbase CEO Brian Armstrong took to Twitter to respond to the SEC lawsuit:
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 it’s not obvious, the Coinbase suit is very different from others out there – 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.
* * *
A day after the SEC sued Binance - the world's largest crypto exchange - Bloomberg reports that Gensler and his anti-crypto goons have now sued Coinbase in federal court in New York on Tuesday, alleging the crypto firm broke US securities rules, claiming the exchange is acting as an unregistered broker.
“We allege that Coinbase, despite being subject to the securities laws, commingled and unlawfully offered exchange, broker-dealer, and clearinghouse functions,” Gensler said in a statement.
"Coinbase's alleged failures deprive investors of critical protections, including rulebooks that prevent fraud and manipulation, proper disclosure, safeguards against conflicts of interest, and routine inspection by the SEC," he added.
The regulator alleged that the Coinbase, the largest US crypto platform, evaded regulations by letting users trade numerous crypto tokens that were actually unregistered securities.
The SEC also accused Coinbase on Tuesday of breaking the agency’s rules with its “staking” service.
Coinbase itself said as such in the past, and analysts have been worried for months over the prospect, because the broker relies heavily on altcoin trading and staking as sources of revenue and future growth.
So what changed at the SEC since COIN's IPO was approved by the SEC?
Political pressure? Surely not?
The exchange revealed in March that the regulator had sent it a so-called Wells notice, a warning the agency may sue the exchange.
"We observe that several of the details of the lawsuit that the commission filed against Binance echo those it previously filed against crypto exchanges Bittrex and Kraken, and we believe these cases in aggregate represent a preview of the action that is likely to be filed against Coinbase," Berenberg analyst Mark Palmer wrote in a Monday note.
Earlier in the day - before the SEC headlines - Barrons reported that Coinbase risks a revenue hit of more than 30% if it suffers a similar fate to crypto exchange Binance, analysts warn.
"The recent developments and content of the SEC complaint vs. Binance make us believe that over 30% of Coinbase business may be at risk," Dan Dolev, an analyst at Mizuho Securities said.
COIN shares are plunging in the pre-market on the news, extending losses from Binance headlines yesterday...
And Bitcoin (and the rest of the crypto-verse) are also lower (but notably not very much for now)...
Bitcoin is holding in for now...
It appears the war on crypto just turned 'hot'.
The lesson is clear: Binance and Coinbase should have spent at least as much on politician bribes as FTX
— zerohedge (@zerohedge) June 6, 2023
* * *
Read the full complaint below:
the sec, like their fellow three letter agencies, seem to be weaponizing all and everything against ''we the people''. they want cbdc so bad they will sacrifice everything to increase control when the fiat goes away....fact is, no fiat throughout history* has ever been replaced successfully by another fiat. it may or may not launch, but, if it does.....it shall sink in the harbor.
*history being last 3000 yrs./numerous examples..
demonize alternative currencies first......world wide
https://www.bitchute.com/video/AELYu9kVoVgx/
The SEC sues Coinbase and Binance...
A lot of allegations...
Are crypto exchanges illegal brokers? Are cryptos 'securities'?... Crypto Capital editor Eric Wade's take... More to come... Oil prices and a pro golf merger... The 79th anniversary of D-Day...
The SEC is taking on Coinbase (and a bit more)...
You may not have expected this... but it was coming...
This morning, the U.S. Securities and Exchange Commission filed a 101-page lawsuit against U.S. crypto exchange Coinbase (COIN). The SEC alleges that the company has been operating as an "unregistered broker" since at least 2019.
This lawsuit is specific to Coinbase, the largest crypto platform in the U.S. But the outcome of this litigation will likely have a much wider and longer-lasting influence.
This is large-scale stuff... and has been coming for a while. Longtime readers might remember our discussion in 2021 about what whiskey barrels in the 1970s, gift cards today, and crypto might have in common...
Specifically, the SEC named 13 cryptocurrencies – not including bitcoin or Ethereum, notably – that it says Coinbase offers and sells "as investment contracts, and thus as securities." That would put the company in violation of the Securities Act of 1933 and the Securities Exchange Act of 1934, and the suit therefore seeks to force the platform to stop offering these cryptos.
In an interview this morning on CNBC, SEC Chair Gary Gensler suggested that he's thinking about all crypto exchanges when filing the suit...
These trading platforms, they call themselves exchanges, are commingling a number of functions... We don't see the New York Stock Exchange operating a hedge fund.
That last part could be taken as an obvious reference to FTX... That's the exchange once run by Sam Bankman-Fried, which had allegedly taken customer deposits to fund speculative investments and other nefarious things.
Here's what Coinbase says...
Coinbase has long contended that the U.S. needs clarity around crypto rules, a statement that its CEO Brian Armstrong made again today. He said the company has actually tried to register as a broker and met with the SEC 30 times in 2022 to ask for policy guidance.
Armstrong wrote on Twitter this afternoon...
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 it's not obvious, the Coinbase suit is very different from others out there – 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.
Armstrong also said this is why 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."
In fact, just last week, a massive draft bill was introduced in the House of Representatives that aims to govern the so-called crypto "Wild West" right now. This includes creating official definitions of crypto terms, like the blockchain itself.
On first impression...
First off, this news came a day after the SEC filed a separate suit against Binance, the world's largest crypto exchange, and its founder, Changpeng Zhao. (Ironically, he's the guy who started Bankman-Fried's fall from grace by calling him out on cozying up to U.S. regulators.)
In yesterday's suit against Binance, a little longer at 136 pages, the SEC similarly considered several crypto coins as securities. It was also more critical of Binance than Coinbase, alleging in the second sentence of the filing that Binance's leaders "enriched themselves by billions of U.S. dollars while placing investors' assets at significant risk."
This lawsuit against Coinbase doesn't read as strong, but it's still significant. It seems to be more about the SEC taking its biggest step yet into the conversation about what it considers securities in the cryptocurrency world. According to this suit...
This includes, but is not limited to, the units of each of the crypto asset securities... with trading symbols SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO...
The SEC also raised concerns about Coinbase's "staking" offers. That's where owners of certain cryptocurrencies agree to lock up their cryptos on a blockchain network for a set period of time in exchange for a reward.
The feds aren't happy with how Coinbase goes about it... For example, the company offers a "pro rata" return on staked coins and charges a 35% commission on staking rewards from crypto coins Cardano (ADA) and Solana (SOL). The SEC says this means Coinbase's staking program is a "common enterprise" and users are entering an "investment contract" – making these coins a security.
And, more broadly, the SEC says that Coinbase acts as a broker, exchange, and clearing agency all wrapped into one...
Yet, Coinbase has never registered with the SEC as a broker, national securities exchange, or clearing agency, thus evading the disclosure regime that Congress has established for our securities markets.
All the while, Coinbase has earned billions of dollars in revenues by, among other things, collecting transaction fees from investors whom Coinbase has deprived of the disclosures and protections that registration entails and thus exposed to significant risk.
Here's what Crypto Capital editor Eric Wade has to say about it...
As regular Digest readers know, Eric and his team have been on top of the crypto-regulation story for years. Subscribers to Eric's Crypto Capital and Crypto Cashflow publications can expect a lot more analysis on this story.
But I checked in with Eric today to get his early thoughts on the news for all Digest readers. He told us the suit against Coinbase seems to be aiming in two directions: at coins that either pay a staking yield or can earn a yield by being lent out and, separately, the "unregistered securities." As Eric said...
Both are somewhat low-hanging fruit because the SEC hasn't really defined the rules, other than saying that their existing rules are all that anyone needs to know. (The crypto industry mostly disagrees and wants to fight this fight.)
But there's more to this one, and from our side (crypto industry) Gary Gensler looks like he's overreaching or trying to force the issue that he's in charge, when that is actually not entirely clear. What I mean by that is the SEC approved Coinbase's public listing not long ago!
That is a great point that struck me too while reading the lawsuit. Coinbase is a publicly traded company under SEC approval... Yet apparently, this company has been acting as an unregistered broker for at least four years and has been making "ill-gotten gains," as the suit suggests?
Stay tuned for more...
We'll have updates for you as the lawsuit progresses. And, in the meantime, our September 2021 essay on the crypto-regulation topic is a good primer on the arguments for and against crypto regulation. In the essay, Eric shared his strong opinions on if cryptos are securities...
I may be the last guy hanging onto the last thread of the last rope on this one as everyone else seems to be begging for the SEC to shackle America to more regulations... but I say NO. Not many of them are securities.
On the other hand, Stephen Wooldridge II, an analyst on Eric's research team, suggested that more people might be inclined to try cryptocurrency trading if it were more regulated, though that would be hard to do. As Stephen said then...
Crypto by its very decentralized nature is a hard thing to regulate, so it'll be interesting to see what the next year or two look like.
We're here now, two years later. And as Eric also told us today, the lawsuit is a public reminder of the unsettled issues...
One issue that we haven't entirely sorted out is what will be the effect of all this attacking with respect to getting money into and out of crypto. The cooling of fiat onramps and offramps may pinch retail users, but won't completely hamper the industry which, by the way, is currently worth over $1 trillion in market cap.
And we will have more updates here in the Digest as this story develops. In any case, new financial law is going to be made... eventually, given how long lawsuits can go.
Eric also touched on the topic of crypto regulation during his presentation at our Stansberry Research conference last October in Boston and in 2021 in Las Vegas. (By the way, we're returning to Vegas this fall for the 2023 conference.
biden regime wants crypto to go way down and out if possible....as the fed brings out the cbdc coin, which is centralized and would control everything in your life...(ask canada truckers)....but, alas, they are a penny short and ten yrs late, cbdc will sink in the harbor soon after launch. many us states have already banned it. remember the political motto currently in place....if you cant beat them, cheat or eliminate them. same holds true in this regimes approach to cryptos
shibia inu calm before the storm
shiba inu...250 days...vision beyond the nose
shiba inu under valued....confirmed
HAIL VICTORY...ONE CENT & BEYOND...
Para la victoria...UN CENTAVO Y MAS
Sei gegrüßt vom Sieg... EIN CENT UND MEHR
yep. you are right. that often happens.
learn of ECSL n' CyberFuels...
ECSL homework is in order...for shareholders and non shareholders alike
''Hence why it stated the issues have been addressed and closing is coming. If the lender was not interested then they would not be bothering with the additional info requested. Now that they are up to speed with EPA items we should be wrapping this up.''
that post quote by dshade is exactly why knowledgeable longs are buying and no knowledgeable longs, that i know of are selling.
there is a lot of money to be made here.
the ECSL price will go up once the closing is completed. did everyone read the letter from the president and prior? once things are completed to the satisfaction of the lender. the ECSL price means little or nothing at this stage. life is short, learn from it. this is not rocket science...plain and simple. ''the lender must be satisfied'' then things are signed and we go forward....at least in tampa. meanwhile things are advancing with the additives that i have been using for years. ECSL education is a precious item to have. if you have it congratulations. If you do not, learn due diligence in the ECSL company you have invested your money. not to do so is folly. reading comprehension is not an excuse. it is important that ECSL shareholders actually understand what has been written. if the closing isnt completed, then you need to worry. none of the shareholders on this board hold the key to price and most know it will come with the closure.