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Congressmembers Tried to Stop the SEC’s Inquiry into FTX

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Re: Congressmembers Tried to Stop the SEC’s Inquiry into FTX

#21
post #8

The eight congressmen: Tom Emmer (R-MN) Warren Davidson (R-OH) Byron Donalds (R-FL) Ted Budd (R-NC) Josh Gottheimer (D-NJ) Jake Auchincloss (D-MA) Ritchie Torres (D-NY) Darren Soto (D-FL) The signed letter: https://emmer.house.gov/_cache/files/0/c/0c7fc863-7916-4b19-...

Their parties should kick them out and replace them with more principled people.

No matter who you vote for, the government wins every election.

Re: Congressmembers Tried to Stop the SEC’s Inquiry into FTX

#23
Yes, the crypto world is a hornet's nest, but the non-crypto world is ruled by bankers with an ever-increasing thirst for control over our lives. (Read up about the Fed's new CBDC plans)

As far as I'm aware, Monero and cash are the only practical ways to pay anonymously.

So, who are worse? The congressmen who (perhaps in this case naively) tried to avoid overregulating crypto, or the remaining congressmen who continue to condone an economy completely manipulable by private bankers by way of the Federal Reserve?

Re: Congressmembers Tried to Stop the SEC’s Inquiry into FTX

#24
post #8

The eight congressmen: Tom Emmer (R-MN) Warren Davidson (R-OH) Byron Donalds (R-FL) Ted Budd (R-NC) Josh Gottheimer (D-NJ) Jake Auchincloss (D-MA) Ritchie Torres (D-NY) Darren Soto (D-FL) The signed letter: https://emmer.house.gov/_cache/files/0/c/0c7fc863-7916-4b19-...

Their parties should kick them out and replace them with more principled people.

Political parties have no legal authority to expel a member from Congress. Parties are voluntary private organizations with no formal role in any branch of government. The most the parties can really do to punish a politician is to withdraw financial and organizational support, which might make reelection difficult.

Re: Congressmembers Tried to Stop the SEC’s Inquiry into FTX

#25
post #23

Yes, the crypto world is a hornet's nest, but the non-crypto world is ruled by bankers with an ever-increasing thirst for control over our lives. (Read up about the Fed's new CBDC plans) As far as I'm aware, Monero and cash are the only practical ways to pay anonymously. So, who are worse? The congressmen who (perhaps in this case naively) tried to avoid overregulating crypto, or the remaining congressmen who continu…

Regulating a sketchy Ponzi scheme with vaguely crypto trappings != regulating crypto

Re: Congressmembers Tried to Stop the SEC’s Inquiry into FTX

#26
post #12

Earlier quoted context omitted.

The thing about democracy is, even if the people make a bad choice it's still democracy

"The thing about democracy is, even if the people abuse their power it's still okay" - well, not much different from a non-violent dictatorship then.

There are plenty of people that are arguing for just that, and they already have the person to put in charge picked.

Re: Congressmembers Tried to Stop the SEC’s Inquiry into FTX

#27

"The March letter from eight House members—four Democrats and four Republicans—questioned the SEC’s authority to make informal inquiries to crypto and blockchain companies, and intimated that the requests violated federal law." This wasn't an investigation into just FTX. This was a broader investigation into crypto companies, plural. The current post title of "Inquiry into FTX" seems to be editorializing. Dang must b…

It’s the title of the article which makes it appropriate here. That it’s a bad title, however, is not in dispute.

Re: Congressmembers Tried to Stop the SEC’s Inquiry into FTX

#28

The eight congressmen: Tom Emmer (R-MN) Warren Davidson (R-OH) Byron Donalds (R-FL) Ted Budd (R-NC) Josh Gottheimer (D-NJ) Jake Auchincloss (D-MA) Ritchie Torres (D-NY) Darren Soto (D-FL) The signed letter: https://emmer.house.gov/_cache/files/0/c/0c7fc863-7916-4b19-...

How much was donated to them versus other senators?

Re: Congressmembers Tried to Stop the SEC’s Inquiry into FTX

#29

The eight congressmen: Tom Emmer (R-MN) Warren Davidson (R-OH) Byron Donalds (R-FL) Ted Budd (R-NC) Josh Gottheimer (D-NJ) Jake Auchincloss (D-MA) Ritchie Torres (D-NY) Darren Soto (D-FL) The signed letter: https://emmer.house.gov/_cache/files/0/c/0c7fc863-7916-4b19-...

How much was donated to them versus other senators?

A sufficient amount of money, clearly.

Re: Congressmembers Tried to Stop the SEC’s Inquiry into FTX

#30
post #24
post #8

Earlier quoted context omitted.

Their parties should kick them out and replace them with more principled people.

Political parties have no legal authority to expel a member from Congress. Parties are voluntary private organizations with no formal role in any branch of government. The most the parties can really do to punish a politician is to withdraw financial and organizational support, which might make reelection difficult.

Both the House and the Senate make their own rules, and that includes the ability to unseat a member. If they really wanted to, they could (but they won’t).
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