Recently Forbes published a hit piece calling for the SEC’s Gary Gensler to resign. Which has now been completely wiped off of the internet after only being live for merely a day. We reported on this hit piece on the XRP Daily before the post was scrubbed from the internet.
The article, which was written by Dr. Layton truly seemed like an article written by an XRP community member. She went on to bash Gary Gensler on numerous occasions citing everything he was doing wrong in his war against cryptocurrency. Luckily, before the article was erased from the internet, we have some key paragraphs from the original article which did nothing but bash Gary Gensler. Which is why the article was simply named, “Gary Gensler: Resign”
Here are some of the main points from that article:
“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.“
Dr. Layton even proceeded to cite Magistrate Judge Sarah Netburn from the Ripple v. SEC lawsuit hearings noting how the even the judge herself, that the SEC was being incredibly hypocritical.
Throughout the entire Ripple v. SEC case the SEC has constantly back-peddled on previous statements, and changed their tune when it was convenient for them. They couldn’t even decide whether or not the famous Bill Hinman ETH free pass speech was “personal opinion” or “agency guidance” and literally tried to claim that Hinman’s speech was a “twilight zone” between personal opinion and agency guidance. They could not give a definitive answer about his speech, which is incredibly suspicious.
Yes we are serious, they actually said “twilight zone” this is not a joke.
So, what happens when you mess with the powers behind the Securities and Exchange Commission? They will try to get rid of you. Not literally, however they will do the best they can to make sure your opinion has been censored. For example, when XRP legal legend John Deaton intervened in the Ripple v. SEC lawsuit representing 70,000 individual XRP holders in the case, the SEC requested a motion to COMPLETELY remove John Deaton and the XRP holders he represented in the case.
Because the SEC seemed to not have liked the fact that there is an army of holders they waged war against, wiping out billions of dollars of value from XRP’s market cap overnight after SEC chairman Jay Clayton filed the lawsuit against Ripple on his literal last hours in office as the chairman of the SEC. Which clearly pissed off an army of people that work hard every single week to dig up as much dirt as they can on the corrupt SEC officials and connect as many puzzle pieces as possible to make a spider web of corruption proof.
Therefore once the Forbes “Gary Gensler: Resign” hit piece was taken down, they made Dr. Layton revise the article to contain a much more soft-sounding title. CLEARLY the SEC made contact with Forbes Magazine to have the article taken down. Gary Gensler did not like being asked to Resign by one of the worlds largest finance publications.
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