Congressman Says SEC Is Asleep at Switch When It Comes to Cryptocurrency Scams

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Congressman Says SEC Is Asleep at Switch When It Comes to Cryptocurrency Scams Antony ## Reporter 11/23/22 (Wed) 01:45:23 f8d930 No.300185

By: Charlotte Hazard

https://justthenews.com/charlotte-hazard

Ohio GOP Rep. Warren Davidson says that the Securities and Exchange Commission isn't doing its job properly and Congress should take action.

In the midst of the FTX scandal, in which many people were scammed out of a combined total of billions of dollars, the leadership of the SEC is coming under intense scrutiny.

>>"Congress should take action," Rep. Davidson said on the "Just the News, No Noise" TV show. "But in the meantime, the SEC has been pulling all this information from companies like FTX and including FTX. How did they miss this? They went after Kim Kardashian. But they couldn't find this? It's really a question of, is Gary Gensler or is the SEC up to the task they're supposed to be doing?"

Gary Gensler is the chairman of the Securities and Exchange Commission.

FTX has filed for Chapter 11 bankruptcy protection and billions of dollars' worth of assets are reportedly unaccounted for. The collapse came amid early reports that at least $1 billion in client funds disappeared, affecting potentially about a million customers, and current reports that it owes approximately $3.1 billion to its top 50 creditors.

>>Davidson also said Biden took a premature victory lap on the rail labor crisis.

Members of the largest freight rail union, plus three other unions, with a combined membership of nearly 60,000 rail workers, have voted to turn down the agreement brokered by the Biden administration in September, leading potentially to a nationwide freight-rail strike beginning next month.

https://justthenews.com/politics-policy/finance/congressman-says-sec-asleep-switch-when-it-comes-cryptocurrency-scams

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Anonymous 11/23/22 (Wed) 02:47:09 c3bfad No.300188

Funny how so many "Conservatives" cheer for "free markets"…..

But then call for more Big Government intervention when those "free markets" reveal themselves as scams.

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Anonymous 11/23/22 (Wed) 02:52:33 c3bfad No.300189

Funny how so many "Conservatives" cheer for "free markets"….

But then call for more Big Government intervention when the "Buyers" and "Workers" take action to balance the power, via "free market" equilibrium, as exerted by the "Sellers" and "Owners".

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Anonymous 11/23/22 (Wed) 14:49:07 c3bfad No.300194

REAL HEADLINE:

"CONSERVATIVE" "REPUBLICAN" POLITICIAN CALLS OUT BIG GOVERNMENT BUREAUCRACY FOR INEFFECTIVENESS AND CORRUPTION…..

CALLS FOR EVEN MORE BIG GOVERNMENT BUREAUCRACY FOR A "SOLUTION.

THE LARGEST CAMPAIGN CONTRIBUTORS TO REP WARREN DAVIDSON:

THE AMERICAN BANKERS ASSOCIATION (REPRESENTING SOME OF THE LARGEST SECURITIES DEALERS)

MORTGAGE BANKERS ASSOC

NATIONAL ASSN of REALTORS (BACKED BY THE SECURITIES FRAUD)

CREDIT UNION NATIONAL ASSN

UBS

COUNCIL OF INSURANCE AGENTS & BROKERS

WELLS FARGO (ONE OF THE LARGEST BIG BANK INVESTMENT FIRMS)

IN FACT, THE POLITICAL CAREER OF THIS VERY "WATCH OWL" VERY MUCH RELIES ON THAT SLEEPING SEC.

THIS IS JUST MORE BULLSHIT PROPAGANDIST SPIN FROM YET ANOTHER COMPLETELY CORRUPT CORPORATE POLITICIAN LOOKING FOR MORE FREE PUBLICITY (PR).

Disclaimer: this post and the subject matter and contents thereof - text, media, or otherwise - do not necessarily reflect the views of the 8kun administration.