The former CFO of Hillary Clinton’s failed 2016 campaign for President, Gary Gensler, announced he is stepping down as head of the SEC in January.
ABC reported yesterday:
Securities and Exchange Commission Chair Gary Gensler, who was aggressive in his oversight of cryptocurrencies and other financial markets, will step down from his post on Jan. 20.
Gensler pushed changes that he said protected investors, but the industry and many Republicans bristled at what they saw as overreach.
President-elect Donald Trump had promised during his campaign that he would remove Gensler. But Gensler on Thursday announced that he would be stepping down from his post on the day that Trump is inaugurated.
Bitcoin has jumped 40% since Trump’s victory. It hit new highs Thursday and was nearing $100,000. Bitcoin moved notably higher still after Gensler’s resignation was announced.
The reason for the rise in crypto since Trump’s win is because of Hillary’s Gensler and his corrupt gang of actors that he surrounded himself with at the SEC that targeted crypto and punished specific companies.
BREAKING: RIPPLE – XRP Wins Case Against Corrupt Actors at the SEC
Corrupt Gensler also went after President Trump’s companies when the President was attempting to gain a voice back on social media after he had been completely censored by Big Tech.
JD Vance destroyed Gensler in a hearing in the Senate. Here is part of JD Vance’s questioning of Gensler.
FINALLY Senator J. D. Vance Taking On Corrupt Head Of The SEC Gary Gensler
Vance Says The United States Securities & Exchange Commission Has Been Politically Weaponized By Gary Gensler, Who’s Hillary Clinton’s Former Campaign Finance Manager
Vance Threatens Gensler “Maybe I can appeal to your sense of self interest. If you guys use the SEC in such a politically motivated way, eventually, you’re gonna be out of power.”
Gary Gensler has hired a dream team of people all who have targeted and brought fake investigations against Donald Trump
“J. D. Vance
2016, you were the CFO of Hillary Clinton’s failed presidential campaign. Is that correct?
Gary Gensler
I was proud to be chief financial officer to the Clinton campaign.
J. D. Vance
Great. Chairman Gensler, is it also correct that your current enforcement director, Gerber Grewal, was most recently the attorney general of New Jersey? Yes or no answer will suffice.
Gary Gensler
He served his his nation well, and he was attorney general of New Jersey.
J. D. Vance
So just to recap, The attorney general of New Jersey is the guy who refused to enforce immigration laws and cooperate with ICE. He also launched, I believe, 8 separate investigations Against Donald Trump during his time as attorney general. Chairman Gensler, is it also correct that your recently hired general counsel, Megan Barbero, was previously deputy general counsel under Nancy Pelosi And litigated 2 impeachment hearings against Donald Trump.
Gary Gensler
Uh, I believe she was deputy general counsel of the House of Representatives.
J. D. Vance
Great. So and I’ll also note that one of your, uh, senior enforcement counsels is married to Peter Strzok. My point here, uh, mister Gensler, is that you seem to have A very troubling pattern of hiring at an impartial regulatory agency. A lot of people who seem to have a vendetta Against the former president, and I fear and I worry that that has implicated itself and and affected the policy at the SEC. Chairman Gensler, when did the SEC take its first enforcement action against the SPAC? Do you do you know the exact time?
Gary Gensler
Uh, senator we’d have to get back to. I don’t know what decade that was.
J. D. Vance
So according to staff’s research, September of 2021 is First time that you guys at the SCC launched enforcement action against a SPAC. So I wanna recap just a few things, um, and then I wanna ask a question. 1st, you were Clinton’s finance director in 2016, Hillary Clinton’s finance director. 2nd, you hired anti Trump enforcement director Grewal in July of 2021. 3rd, you brought in miss Barbero who was the litigator on 2 house impeachment trials against Donald Trump.
You have another enforcement counsel who was married to Peter Strzok. In November of 2021, senator Warren urged you to investigate the SPAC merger involving Donald Trump’s Truth Social Company. And in December of 2021, just a few weeks later, you guys launched investigation using a novel legal theory Against the former president’s social media company. That is some coincidence. Isn’t it, mister Gensler?”
I can’t transcribe it all due to X’s text limits but this just goes to show you, IT’S ALL RIGGED. This is an excellent listen if you watch the whole thing.
FINALLY Senator J. D. Vance Taking On Corrupt Head Of The SEC Gary Gensler
Vance Says The United States Securities & Exchange Commission Has Been Politically Weaponized By Gary Gensler, Who’s Hillary Clinton’s Former Campaign Finance Manager
Vance Threatens Gensler “Maybe I… pic.twitter.com/8UyyUERDA8
— Wall Street Apes (@WallStreetApes) February 5, 2024
Gensler announced his resignation coming on Jan 20 – Elon Musk replied:
