Trumps VP pick - , JD Vance, once referred to SEC Chair Gary Gensler as “the worst person” to regulate crypto.

https://cointelegraph.com/news/jd-vance-trump-vp-slams-sec-gensler-crypto-regulation

However Vance also spoke against trump earlier 
Cant really trust these politicians but maybe theres a small chance its good for crypto if trump wins.... gensler fired ? 

Trump states in his speech during the Bitcoin Conference he will fire Gary Gensler from the SEC on his first day at office if elected as President of the United States in this year's election.
Well that alone should get all cryptocurrency user and bitcoiner's vote in the ballot box for him.

Gensler career as chairman of SEC. will end if Trump gets elected as a next President of the United States and return to the White House.

Trump pledges to fire Gary Gensler is a latest news about risk on Gensler's career in next few months.

Trump is different than Biden and he fired many people in his previous president term 8 years ago and it's no surprise if he does it in his second term in the White House.

With support from the White House, Gensler did many wrong and crazy things recent years as a chairman of SEC. but now it is coming to the end.

Isn't it weird that the SEC now has dropped their lawsuits against several well known tokens as being securities all the sudden after the speech saying he will fire the head of the SEC?

Gensler has done just that with lawsuits against over 80 tokens including Solana, Cardano and Polugon just to name the more high-profile ones named in the suit against Binance:
https://cointelegraph.com/news/sec-drops-ruling-request-security-token-claims-binance-lawsuit

This is from the coindesk article where it was sourced from when announced:
"The SEC is reconsidering its stance on third-party tokens like Solana's $SOL and Polygon's $MATIC, which were initially included in its lawsuit against Binance.

These tokens, issued by companies not named in the lawsuit, are alleged to be unregistered securities.

In a recent court filing, the SEC indicated plans to amend its complaint, potentially excluding these tokens from the case.

This comes after a clarification from Judge Amy Berman Jackson, who stated that her previous ruling did not intend to remove these tokens from the allegations.

The case revolves around the classification of ten specific tokens, including $SOL, $ADA, and $MATIC, as unregistered securities. Both the SEC and the defendants, Binance and its affiliates, are awaiting the judge's decision on the matter.

The defense has expressed a desire to review the amended complaint before proceeding with discovery."
https://x.com/JakeGagain/status/1818505670179930306

They are planning to amend so it is still early on in this legal progress.
If they did it for their filings against Binance then they must do it for Coinbase aswell.
Being the corporation who is the legal holders of the countries spot ETF bitcoins.

@DaveF, I think it's just an amendment.
https://cointelegraph.com/news/sec-drops-ruling-request-security-token-claims-binance-lawsuit





I cannot get a hand of the full file of that proposal but I think that should be enough explanation of what is going to happen.

BNB
BUSD
SOL
ADA
Matic
ATOM
SAND
MANA
AXS

The bigger question for me here is: Is Gary Gensler trying to save his ass on why he is doing this?
We know Trump said something about firing him when he wins the presidency. 

Gensler is a weasle. We all knew this from the very start.
When he claimed to have taught a class on blockchain technology and then become head of the SEC, you would think he would understand what cryptocurrency was.
But he doesn't, at all.
Hence these frivolous lawsuits against all the above mentioned projects and more.
Which will be undeniably be thrown out of the court anyways when the judge sees he is favoring coinbase over binance for the exactly same reasons. So he might as well continue with the process of dropping the case (this was the precursor).
Only that coinbase is needing to bypass any laws put in place by his corrupt organization against any kind of crypto because they are the holder's of BlackRock Bitcoin Spot ETF clients holdings.

Another one settled by the judge against the SEC and old man Gary loses his most prized lawsuit against cryptocurrencies being a security.
It is a win because he can't try and weasle into law it being deemed a security in the future.


https://www.coindesk.com/policy/2024/08/07/judge-fines-ripple-125m-bans-future-securities-law-violations-in-long-running-sec-case

^Calm down @rdbase.
I guess it's just lack of information which is why the lack of understanding what the real case is. Your blood pressure is skyrocketing. Just kidding bro.

Here's to make it clear @legiteum.

https://www.crowdfundinsider.com/2024/08/228629-pyrrhic-victory-for-sec-ripple-pays-penalty-of-125-following-sec-action-settlement/


Actually he said it all there above and I am just sharing another article to prove what he is saying. It's not a made up number. The SEC is really asking for a higher price because they know XRP have the money.
So, is it a win or not?

Gary Gensler will keep on digging more money even if it's from a make believe. Luckily, the judge seems to know more and he won't dry Ripple after winning their case.

The first bitcoiners were cyberpunks.
So I don't know what you are trying to prove on a forum that the very foundation was built on their rhetoric.

So luckily the rumor about Old Gary being part of office if the democrats win was debunked a few hours after mentioning about it:

https://cryptoslate.com/senate-insiders-claim-harris-eyeing-gensler-for-treasury-as-dnc-skips-adding-crypto-to-platform