Quixoticgeek
and 1 other
boosted
I call bullshit. I believe #crypto crashing is *good* for the #economy and the only people hurt by cryto flatlining are a small number of terrible people who deserve it and a whole mess of idiots who didn't listen when we told them over and over and over…
> If Bitcoin Keeps Tanking, It Could Cause a “Death Spiral” for the Entire Economy. https://futurism.com/future-society/bitcoin-tanking-death-spiral
Michael Burry might be right about crypto selloff effects on the market, but if it does cause a crash? It's simply that final straw…
![To: Jeffrey Epsteinfieevacation@gmail.com]
From: Jason Calacanis
Sent: Sat 6/4/2011 8:43:16 PM
Subject: Re:
hey pal... running out to a kids birthday party.
will dig up their info.
50 you know, these are folks who are not trying to build a business. they are the crazy open
source folks who are radicals. their motivation is more inline with Wikileaks or wikipedia.
i had these guys on my TV show on the web: YouTube - - Startups - Gavin Andresen and Amir
Taaki, Bitcoin
http:/fjc.is’kzemuH
best j
On Sat, Jun 4, 2011 at 1:36 PM, Jeffrey Epstein <jeevacation(@ gmail.com> wrote:
I would like to get in touch with the bit coin guys. | I m happy to see you doing well
REA RAR ER RENEE RESTA EARS](https://media.universeodon.com/media_attachments/files/115/987/205/872/546/230/original/52772a461018025e.png)
![SEC
The SEC has dismissed with prejudice its case against the Winklevoss twins’ Gemini cryptocurrency exchange. Filed in January 2023, the agency alleged that the company had violated securities laws with its Earn program, in which Gemini partnered with the Genesis crypto lender to offer Gemini customers up to 7.4% APY on assets they loaned through Genesis. When Genesis suffered major losses on loans to Three Arrows Capital [W3IGG] and Babel Finance [W3IGG], the company went under, and around $900 million in Gemini customers’ assets were suddenly locked up in bankruptcy proceedings [I17, 18, 42]. Now, the SEC has evidently decided no harm, no foul, stating: “The 100 percent in-kind return of Gemini Earn investors’ crypto assets through the Genesis Bankruptcy and the settlements noted above, and in the exercise of its discretion, the Commission believes the dismissal of the claims against Defendant is appropriate.”26](https://media.hachyderm.io/media_attachments/files/115/980/741/060/144/757/original/3766b7e443e551f9.png)
![While “but we gave the money back” isn’t normally a successful defense (just ask Sam Bankman-Fried), contributing around $4.4 million to Trump’s campaign,27 donating an undisclosed amount to Trump’s ballroom project,28 spending $1 million to be among the first members of the Trump family-run Executive Branch club,29 investing in Donald Trump Jr.’s American Bitcoin venture,30 and committing $22 million to political projects backing pro-Trump crypto advocates in the midterms seems to have gone a long way. The SEC case was paused back in April [I81], and, as I wrote then, “it’s widely understood that these [pauses] mark the end of SEC scrutiny for these companies.” Two months later, as the Winklevoss twins stood behind Trump in the Oval Office as he signed the GENIUS Act stablecoin bill, Trump remarked about the crypto industry: “I got you guys out of so much trouble”. Thanking the Winklevosses specifically, he added: “They’ve got plenty of cash, and it’s great that you’re on our side.” [I89]](https://media.hachyderm.io/media_attachments/files/115/980/743/593/883/124/original/a991b0955a5b44b5.png)
![The dismissal of the Gemini Earn enforcement action adds to a long list of crypto-focused cases and investigations that the SEC has paused, dismissed, or otherwise ended. That list also includes: Aave [I99], Binance [I85], Coinbase [I78], ConsenSys [I78], Crypto.com [I81], Cumberland DRW [I79], Dragonchain,31 Gemini (a separate investigation) [I78], Hex [I82], Immutable [I80], Kraken [I79], Ondo Finance [I98], OpenSea [I78], PayPal [I83], Ripple [I80], Robinhood [I78], Tron [I78], Uniswap [I78], Yuga Labs [I79], and the ZCash Foundation [I99].](https://media.hachyderm.io/media_attachments/files/115/980/744/467/963/330/original/1dd8f4c922ef8249.png)