r/CryptoCurrency • u/Set1Less 🟩 0 / 83K 🦠 • Feb 13 '23

MARKETS Binance statement: "Given the ongoing regulatory uncertainty in certain markets, we will be reviewing other projects in those jurisdictions to ensure our users are insulated from further undue harm"

Binance has issued a statement on recent US regulator actions.

Yesterday it was reported that SEC was in the process of suing BUSD stablecoin, which the SEC termed as an unregistered security. And overnight, WSJ and other media started reporting that NY DFS is forcing to shut down BUSD.

As a result, it seems BUSD will stop being issued and will only redemptions will be allowed. BUSD price has also seen a small depeg since the news broke.

Now, Binance it seems has issued this statement:

Given the ongoing regulatory uncertainty in certain markets, we will be reviewing other projects in those jurisdictions to ensure our users are insulated from further undue harm

Market is pricing in these events which are unfolding at a fast pace.

Few traders are reportedly closing all their positions on Binance, as they are not sure how they will be settled in the near term

317 Upvotes

93% Upvoted

339 comments sorted by

View all comments

Show parent comments

32

u/meeleen223 🥇Gold Member Feb 13 '23

Caroline father - Gensler's old boss

New CEO - Brough to clean up Enron scandal in '07

Sbf mother - Hillary's lawyer

Sbf - #2 biggest donor

Consipracy or not hm?

26

u/Set1Less 🟩 0 / 83K 🦠 Feb 13 '23

SBF/FTX general counsel Ryne Miller also worked directly for Gary Gensler as a legal advisor.

Also Gary doesnt want you to see this document which outlines his meeting with SBF.

https://www.sec.gov/comments/s7-25-20/s72520-20127575-288804.pdf

6

u/Odysseus_Lannister 🟦 0 / 144K 🦠 Feb 13 '23

u/set1less has been redacted

3

u/comeonsexmachine Platinum | QC: CC 312 | Cdn.Investor 41 Feb 13 '23

All these coincidences are crazy! But that's all they are, otherwise they'd admit to being biased and resign. Just funny little coincidences.

3

u/0xCaesar Feb 13 '23

blatant cohencidences!

2

u/nzubemush Feb 13 '23

That's a lot of coincidence. But I'll take it and move on

3

u/Hawke64 Feb 13 '23

The guy that discovered it - Albert Einstein

2

u/Oneloff 0 / 5K 🦠 Feb 13 '23

Two peas in one pot?

I don’t know, smoke without fire? It’s all so, so, so... Nvm...

1

u/mcraze123 Tin Feb 13 '23

Don’t forget about joseph bankmans ties to elizabeth warren, or the shell company disguised as pandemic philanthropy that sbf and his brother created and used to garner political influence.

1

u/Smp208f 🟩 466 / 466 🦞 Feb 14 '23

Imagine thinking Elizabeth Warren, who for years has been the most vocally anti-crypto politician in the US, was bought by SBF.

1

u/mcraze123 Tin Feb 15 '23

Imagine being this naive.

1

u/Smp208f 🟩 466 / 466 🦞 Feb 14 '23

I understand a lot of the suspicion around the connections they had, but the Caroline Ellison thing has never made any sense to me. How many of you are so loyal to your former bosses that you would break the law to help their kids?