Rigged from the Start, Exposing the SEC war on Crypto (previously XRP Unleashed) pulls back the curtain on the high-stak | dG1fOTRNMUVERFhLeDQ
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00:00The SEC is preparing to sue that crypto startup, the asset in question here is called XRP.
00:06Jay Clayton drops this lawsuit on his last day in office, like mission accomplished.
00:13We became convinced that this whole case was merely a show.
00:17The SEC has become a rogue agency.
00:20And our approach in the last several years has been just really a disaster.
00:24Day one, I will fire Gary Gensler and appoint a new SEC chairman.
00:31We don't need more digital currency, we already have digital currency, it's called the U.S.
00:37dollar.
00:38The SEC came out and said Ether is also not a security.
00:41We believe current offers and sales of Ether are not securities trading.
00:46I also have some theories as to some of the non-legal things that the SEC was trying to
00:52do.
00:53He was being paid as a profit-sharing partner from his law firm Simpson Thatcher.
01:00That mission of the Enterprise Ethereum Alliance was fulfilled.
01:05He then has this unique personal financial interest.
01:07He could not be involved in certain matters because they benefited him financially.
01:12These two individuals are working at crypto firms that made very big bets on Ethereum.
01:17Jay Clayton, within a couple of months, goes to OneRiver, who benefited from this decision.
01:25You follow the money, it paints a very clear picture.
01:29China's financial elite working with the U.S. financial elite and the regulators of the
01:35U.S. financial system to front-run the new global digital financial system.
01:45Who wins?
01:47That's the question here.
01:48Who wins?
01:49Because I think China wins.
01:52Charles said the Chinese have been courting Vitalik Park.