BREAKING: Forbes Hit Piece “Gary Gensler Must Resign”
WASHINGTON, DC - JULY 18: Chairman of the Commodity Futures Trading Commission Gary Gensler leaves after a meeting of the Financial Stability Oversight Council (FSOC) July 18, 2012 at the Treasury Department in Washington, DC. Members of FSOC voted during the meeting on a report to Congress regarding a study of contingent capital required by the Dodd-Frank Act, and also voted on the Council's annual report. (Photo by Alex Wong/Getty Images)
Earlier today, on August 25th, 2022 media giant Forbes published an article today bashing SEC chairman Gary Gensler simply titled “Gary Gensler: Resign”
This article aimed to deeply criticize Gary Gensler, even citing when Magistrate Judge Netburn called the SEC hypocrites in the Ripple v. SEC lawsuit. More specifically titling the first section of the article as. “Policy to serve SEC insiders, not the rule of law“
Which is eerily similar to what Magistrate Judge Netburn stated very recently.
To be fair, this article seems very bias due to Forbes historically being a pro-cryptocurrency media publisher, however this bias is indeed backed by a plethora of SEC wrongdoing in the last few years when it comes to their unjust war against cryptocurrency.
Here is an excerpt of the main meat and potatoes of the Forbes article that came out today:
“Gensler’s SEC demands complex, bewildering disclosures on how financial assets affect the weather; develops discriminatory rules without procedure and input; and applies regulation, not by rule of law, but caprice. He rejects Constitutional checks and balances, bristling at Congressional oversight which dares to question new SEC environmental, social and governance (ESG) orthodoxy.
He weaponizes the SEC’s war on cryptocurrency by claiming that every digital asset is probably a security. The SEC has not developed forthright policy on cryptocurrency; Congress has not instructed it to do so; and commissioners have never voted on a position, but Gensler nonetheless urges startups to “come in and talk to us” about “getting registered.” The agency’s Freedom of Information Act (FOIA) Office flippantly rejects investors’ good faith request for clarity and information.“
As the XRP community on twitter was stirring up a flame today about this publication something very odd was going on with some members trying to access the Forbes article. Many people were getting 404 errors and were not able to access the article. We at the XRP Daily had no issues accessing the publication throughout the day but many people were posting screenshots about having technological issues accessing the article. WHICH is very strange.
