Gary Gensler's Attempt to Ban Crypto in the US

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Gary Gensler is using crypto as a means to an end to elevate his political status for some sort of political aspiration. It doesn't seem like Gary Gensley is acting in the best interest of the American people at all. That was Jake Shravinsky and Amanda's take when we did the show yesterday. The SEC charges Coinbase for operating in unregistered securities, exchange brokerage and clearing agency more or less the same exact suit that they took to Binance.

Bankless Weekly Rollup 2nd Week of June 2023

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------ Topics Covered

1:09 MARKETS

6:29 Are we at a Local High?

9:25 Ethereum Validator Queue

12:52 CEX Volume Stats https://www.theblock.co/data/crypto-markets/spot/usd-support-exchange-volume-market-share

17:23 Gary Gensler on CNBC https://youtu.be/VKxXdUvMqAc?t=277

19:28 SEC Sues Binance US https://www.sec.gov/news/press-release/2023-101 https://www.sec.gov/news/press-release/2023-103 https://www.cnbc.com/2023/06/07/binance-lawyers-say-sec-chair-gensler-offered-to-be-advisor-in-2019.html

26:13 SEC Sues Coinbase https://www.sec.gov/news/press-release/2023-102 https://twitter.com/MikeSeligEsq/status/1666063676145819648?s=20

31:34 Can Gary Get Away With This?

33:51 Cypherpunks Take https://twitter.com/udiWertheimer/status/1666077587792166914?s=20 https://twitter.com/jack/status/1666078896327122946?s=20

38:39 Optimism Bedrock! https://twitter.com/optimismFND/status/1666155844776361985?s=20 https://twitter.com/jessepollak/status/1664349169073414147

41:47 Arbitrum Ran Out Of Gas https://www.dlnews.com/articles/defi/arbitrum-came-to-a-halt-as-its-sequencer-ran-out-of-gas/

43:42 ETH Validator Proposal https://ethresear.ch/t/increase-the-max-effective-balance-a-modest-proposal/15801

49:22 ENS Upgrades https://twitter.com/nicksdjohnson/status/1666368619876327424 https://www.my.box/

51:29 Rocketpool on zkSync Era https://twitter.com/Rocket_Pool/status/1664276628468547587

52:58 Pooltogether Case Dismissed https://twitter.com/lay2000lbs/status/1666532463428943875?s=20

56:12 Questions From The Nation https://discord.com/channels/615592155481767941/1058053004705669211/1114707321000562738 https://discord.com/channels/615592155481767941/1058053004705669211/1115619057593495552

1:03:12 Takes Of The Week https://twitter.com/zmanian/status/1658152508571697152?s=46 https://twitter.com/dankrad/status/1664958413829185536?s=46 https://twitter.com/FEhrsam/status/1665796974346420224?s=20 https://twitter.com/qaatani9/status/1664292528655413250?s=20

1:10:28 What Are We Bullish On?

1:14:05 Get More Of Anthony

1:15:29 Meme Of The Week https://twitter.com/pseudotheos/status/1665730241845944331?s=46

1:16:15 Risks And Disclaimers

---- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures