SEC Chairman Gary Gensler, who filed a lawsuit against Coinbase along with Binance, was alleged to have manipulated the stock market. In addition, Binance made striking statements about Gensler…
The cryptocurrency community has been going through a strange process lately. So much so that Binance, the world’s largest cryptocurrency exchange, lawsuit filed. The agency that filed the lawsuit, the U.S. Securities and Exchange Commission (SEC) caused volatility in the cryptocurrency markets. Not content with just Binance, the SEC followed suit, one of the largest exchanges. to Coinbase also sued.
Binance puts user funds at risk, according to SEC, while Coinbase without any license It offered stock exchange, brokerage, clearing and staking services. The latest news reveals that this case is pregnant with very interesting events. So much so that one of the controversial names in the crypto money markets in the past. SEC Chairman Gary Gensleris on the agenda with remarkable claims.
Gary Gensler allegedly opened a $2.5 million Bitcoin short position before the lawsuit!
Sharing news about crypto money markets on Twitter “Capo WSBAn account named ” shared a claim that fell like a bomb on the agenda. According to Capo WSB’s claim, SEC Chairman Gary Gensler hours before suing Binance and Coinbase. $2.5 million Bitcoin (BTC) opened a short position. For those who don’t know, let’s explain it simply; Gensler says BTC will drop a few hours before the lawsuit guess (!)accordingly, he opened a stock market position.
Capo WSB’s claim:
LAST MINUTE: Gary Gensler accused of market manipulation. Coinbase has provided evidence that Gary Gensler shorted over $2.5 million in BTC 48 hours ago.
We could not verify the claim!
We investigated Capo WSB’s claim but found no corroboration on it. we could not reach. Therefore, it is useful to consider the possibility that this claim may not be true. However, let’s also point out: If this claim is true, Gary Gensler will receive hundreds of thousands of dollars from the position he opened. maybe millions of dollars may have made a profit. Because with the lawsuit, of course, BTC fell. So Gensler’s “prediction” turned out to be correct.
Binance corners Gary Gensler: “He applied for a job to be a consultant to us at the time”
SEC Chairman Gary Gensler; While Binance has been making some pretty tough exits about Coinbase and the cryptocurrency ecosystem, it has also been in the past. knocking on Binance’s door And it turns out he wanted a job. According to the documents submitted by Binance lawyers to the court, Gensler applied to the “stock market advisory” advertisement opened by Binance a while ago. Binance has suspended Gary Gensler’s SEC lawsuit as a result of this. should be withdrawn says.
The allegations about Gary Gensler are not limited to these. According to Binance officials Gensler, who is now hostile to Binance, also sent a copy of his past speech to Binance CEO Changpeng Zhao. On the other hand; in 2019 It was also announced by Binance that Gensler, who met with Binance CEO personally, discussed the future of Binance Coin (BNB) and the establishment of Binance’s US leg.
It seems that the legal battle between Gensler and Binance also involves some personal grudges. We will see how the case will progress in the coming period…