https://www.change.org/p/retail-investors-fire-gary-gensler-as-sec-chairman-for-obstruction-of-justice
This is a real petition to attempt to remove Gary Gentler from his position as SEC chair. Feel free to share as he has been a huge road block to good regulation.
This is a real petition to attempt to remove Gary Gentler from his position as SEC chair. Feel free to share as he has been a huge road block to good regulation.
This post is stupid:
- You can’t even spell Gensler’s name.
- Online petitions on Change-dot-org are meaningless noisemakers. A “real petition”? Is that like “a real blog post” or “a real tweet”? Are you so dumb that you actually think a change-dot-org petition does something other than assist surveillance of people’s opinions?
- Change-dot-org is using Cloudflare to block no-Javsacript Tor users. Archival link and quote are below, for reference.
- The petition itself cites no sources of information about its allegations. It simply makes bare assertions. A brief search of the Web finds “news” articles on ridiculously corrupt and unprofessional “crypto” sites (really altcoin shill sites), riddled with obvious inaccuracies (e.g., referring to Gamestop as a “crypto stock” (!)), and referring to the petition as a source of information (for example). It also reveals that Gensler has been taking aim at at Citadel, at dark pools, and at pretty much everything else the petition accuses him of.[2022-06-07]
More trading on traditional 'lit' exchanges
Gensler has also been a critic of the growth of dark pools and other off-exchange trading, which now constitutes about 40% of all trading volume.[2021-09-14]
Gensler zeroes in on Citadel Securities as SEC considers payment for order flow ban
...etc... - Insofar as I am aware, Gensler has not been anti-Bitcoin—well, “not anti-Bitcoin” for an SEC regulator. He has said some things very worrisome to shitcoins. In general, I do believe that Ethereum and other altcoins are in for a world of hurt: POS is an illegal unregistered securities scheme, and I predict that it is probably just the type of scam that Gensler will want to bite into.
- XRP holders seem to hate him. ETH holders should probably fear him. LOL. Is there any bad news here?
I am not generally a fan of the American SEC. To the contrary! But some of the things that Gensler has recently said actually seem sane; and I do not appreciate bunch of emotionalist accusations presented without facts:
SEC Chairman Gary Gensler is complicit in criminal activities perpetrated by Citadel Securities, Citadel the Market Maker in naked short selling and dark pool abuse. Mr. Gensler is guilty of obstruction of justice due to his lack of enforcement of the laws pertaining to naked short selling and lack of competent oversight of market maker activities. Due to Mr. Gensler's crimes, millions of retail investors were defrauded of countless MILLIONS of dollars. I'm referring to working class, middle class and poor folks as well as institutional investors. Mr. Gensler needs to step down as the chairman, and a thorough, detailed , forensic analysis and investigation into Citadel Securities and Citadel Market Maker. This cannot go unpunished. Rise up and sign!
[citation needed]
If you can substantiate those very serious allegations, then please go right ahead.