Gary Gensler is the current head of the SEC. He was formerly Hillary’s campaign CFO and is tied into the Durham investigation. The former Director of Corporate Finance of the SEC under then Director Jay Clayton, Bill Hinman, was involved in what are now considered criminal activities related to cryptocurrency activities with China.
These people are above the law. No agency is safe. They all seem to take advantage of their positions to make money and stomp on the little people.
TGP noted previously that Genzler the current head of the SEC was Hillary’s attorney when millions of dollars were flowing and with some paying for the Trump-Russia lie. It is difficult to believe that Hillary’s CFO (Chief Financial Officer) didn’t know about the millions leaving her campaign related to a Trump-Russia lie.
However, the past Director of Corporate Finance at the SEC also has a questionable history. William Hinman, was right in the middle of the cryptocurrency surge. We now know that the entire crypto market has been built around criminal behavior at the SEC, picking winners and losers, yet not one in Congress has called for an investigation of the SEC.
Hinman, it turns out, received a letter from the top SEC ethics attorney telling him in January 2018:
you have a bar under the criminal financial conflict with Simpson because you have an ongoing financial interest in the firm. Meeting with them while having such a conflict is not permitted…Even calls with them are not permitted.”
Hinman actually had a multi-million dollar interest in the firm and it turns out he had meetings with Simpson later in August of 2018.
The Simpson Thatcher law firm was a member of the Ethereum Enterprise Alliance (EEA). Ethereum is a cryptocurrency. Hinman was not permitted to meet with Simpson Thatcher and yet he did. At the same time, Hinman put together a speech where he gave Ethereum a non-security designation. This designation makes Ethereum more like a currency and it, therefore, doesn’t have to comply with burdensome investment-related registration mandated by the SEC.
(Many believe that Ethereum is more of a security than other cryptos like XRP will ever be. XRP has a purpose while Ethereum has none. XRP is designed to replace the swift currency system between banks. Ethereum has no such purpose.)
Simpson Thatcher also was connected to the IPO of Chinese company Canaan, a Chinese company that sells Ethereum and Bitcoin mining hardware.
🚨🚨Congressional Whistleblower Alert🚨🚨The entire crypto market has been built around criminal behavior at the SEC. @attorneyjeremy1 summarizes it perfectly here. NOT ONE person in Congress has called for an investigation of the SEC. RETWEET Let them know Elections are coming. pic.twitter.com/JiJgPjQg0N
— Digital Asset Investor (@digitalassetbuy) August 1, 2022
Former SEC Director Hinman gave Ethereum and Bitcoin a regulatory free pass as currencies, over all other cryptocurrencies. This helped his own multimillion-dollar interests as well as Chinese interests in Ethereum and Bitcoin.