The SEC Is Waging War On Cryptocurrency!

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Anytime yeah if you've got many Questions any comments anything you want But we've definitely got the SEC has Been on uh Warpath the last couple of Days Um and we sort of seen that they've Served a coinbase Um with uh notice of Trying to find the exact wording guys The correct wording for it Um I know I've got it over here oh the Wells notice okay So um you know this is really quite Interesting because a Wells notice is Almost like Um you know we think you're guilty Straight up it's it's quite blunted they Think that they're guilty right Um but the interesting thing here is That the coinbase has been uh you know Um uh Consulting with the SEC for years And before they launch their token they Got permission from the SEC to launch Their token Um and things like that so it's really Strange that the SEC would come and Instead of approaching coinbase if they Have a relationship with Um and they would just come in and and Give them their notice of of intention Of their Wells notice right Um So this is very very strange we've got Brian Armstrong the CEO

Um of coinbase coming out saying that You know similar to what I'm saying I'll Read the whole conversation to you but Imagine you get you got both football And soccer refs on the fields but we're Actually playing pickleball the refs Can't really agree on the rules of the Game and one of them decides to change a Call they made in April because again The SEC Holy [ __ ] dude can we just like sit on That for people who are watching like we Don't know this is why the metaphors is Real bro like this is happening in real Time This is happening right now nobody knows What's going on there's literally Literally chaos in the streets this is Crazy Yeah because what they're saying is in 2021 the SEC approved coinbases Application to go public They approved it knowing exactly what They were doing that they were a crypto Exchange Um so to come back now and and you know Have this notice that is it's just crazy And it's only the tutors there today There's no clear rule book from the SEC On crypto and efforts to engage with the FBC SEC are met with silence and just Enforcement actions they have not Followed a good faith rule-making Process with the industry as required

Under the APA 1015. Um yeah I mean going forward the legal Process will provide an open public Forum being an unbiased body where They'll be able to make clear for Everyone what the rules are but this is Really strange because coinbase has Really followed the rules here and They've consulted with the SEC Throughout I mean Brian goes on to say Two years ago this he reviewed our Business in detail and approved us going Public our S1 clearly explained that our Asset listing process included 57 References to staking coin always saw This and they run they ran a regular Asset review process and rejected 90 of The assets that have Foreign To be listed on the platform while we Understood this as part of the Journey Of reforming the financial system we are Right on the law confident of the fact So I'm not going to read this whole Thing to you I'll put it in the in the Bottom the bottom line here is that Finally we've got a huge crypto company Coinbase that has to fight back because The SEC has just lost their mind I mean It's gone too far and Brian offshore I'm Going to said the same thing that they Will not just allow us to stand they Will defend us their Bitcoin base is Massive they've got a huge War chest and

Um it's great that now they'll be using The money that everyone's paid in crypto Uh sort of fees when trading to really Bring the space forward and say hold on SEC you can't just miss people around Like this anymore they consulted with uh Coinbase it proved everything coinbase Was doing and now they're coming and Sending this Wells notice out to them Bro bro if you are listening so first Off on Space you guys just saw I pinned It up at the Top If you want to hop on Here and just have a little bit of Discourse conversation I'm super down I Don't have to be anywhere for another Two hours so like we can keep this Conversation going we'd love to know if You guys want to hop up as a speaker Literally throw up your requests I will Bring you on and we will chat back and Forth in real time because here's the Thing the only difference between you me Phillip Brian Armstrong these Banks Apparently like nothing bro there's Literally no [ __ ] difference they Just did a couple other things and then Rolling on it for a while these things Are happening in real time you are a Part if you're listening right now or You're talking right now or anything You're literally a part of this thing Which why I call it a Joys there's no Better way to put it it's like this Encapsulates the whole thing perfectly

We are on this [ __ ] playing field That is self-actualizing in real time as We go they are literally making up [ __ ] That's I think that's why it's so hard For me to be like they're gonna ban Tick Tock I'm like bro no they're not like Even if they did something else happens And then like whatever like maybe it Becomes Twitter I don't [ __ ] know What's gonna happen but like we are Self-actualizing the plot of this life Thing as we go and like anyone can make Up the rules like there are people Popping up left and right bro it's like A game it's like you're watching the [ __ ] and happen in real life it's the Weirdest [ __ ] ever like people pop up Left and right that you've never heard Of that just pop up for three weeks and Then they disappear again then someone Else pops up for a few weeks and then You're like oh Brian I'm sorry I forgot He existed he's here again and then it's Like it's the weirdest [ __ ] ever but if You want to be part of it throw up a Request uh if you don't you just want to You know tune into the conversations We'll be here as well hit the retweets Likes we'd love to get the shots more People Um but damn dude this is crazy [ __ ] Crazy [ __ ] going on Yeah the SEC has been on the war path I Mean they also came out today and they

Said that um Ford remains rampant in Crypto And they put a warning out the only Money you should put at risk with any Species of investment is money that you Can afford to lose entirely the SEC said With regards to crypto today Um they also said they've forced us Continue to exploit the rising Popularity of crypto assets to lure Retail investors into scams so the SEC Has been on an absolute war path with Crypto in the last week more so than Usual Bro and here's the thing not to make it All spiritual but bro anything you [ __ ] fight whether it's good or bad Just Bubbles and Bubbles and Bubbles and Bubbles and Bubbles until it blows over No matter what you do the harder you Push against something if it's willing To fight you bro and they win they will Fight you it's something as big as Crypto something as big as like people Saying we want more we want more what Comes with that is accountability like If you want more and you want this Crypto what three decentralized whatever You want this to come up you also have To realize that that yin and yang is is Your autonomy and your own Accountability that's why I'm so like That line is so strong for me you really Have to be accountable here which means

You need to be it's like it comes with It you have to be educated and I know We're all learning as we go but like you Have to have some confidence in yourself That you have learned some things and That you can make decisions that are as Informed as you're going to be at that Time and you just cannot lean on the Fact I didn't know this well I wasn't Aware of that like bro go go go make Decisions but like stick with your Decisions you know make and like be very [ __ ] especially when you make that Decision don't just make a way I'm like You know you're gonna do that sometimes But like whenever you can like draw as Much presence into that moment as you Can and make a real decision and stick With it and like make that like let that Snowball keep going like how and then You'll be you know five years later You'll you look at where you're at but Dude this is the craziest conversation Like I'm I'm really enjoying this Check out my new layout that I just made Boom Wait Zoom us out so this is slightly Slightly changed just slightly changed We could resize it oh I love this dude Keep it like this this is dope yeah yeah Lots of different stuff I'm gonna play I'm gonna play with it a bit more but I Think that's pretty cool it's like you Can completely completely make it

Whatever you want which is like Literally guys come to YouTube if you're In spaces come to YouTube Lost lost story before we opened up Spaces if there isn't any comments Um end on a on a bullish note we've got Sony Um filing patents for nfts

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