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- 🧠 We're at the 'then they fight you' stage
🧠 We're at the 'then they fight you' stage
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GM - Arsen here!
Welcome back to Bitcoin Therapy.
First, happy and relaxing Sunday to 2,602 patients reading today. 👋
A bunch of you subscribed after seeing this Trezor giveaway on X. The winner has been contacted (you know who you are). Welcome new readers!
Also, I’m in the middle of moving houses. This week’s email is brought to you by my 2 Mbps mobile hotspot connection.
Alright, here’s what I got for you this week:
The SEC trolls everyone on Halloween
Fed is suing Bitcoin Magazine for hurting their feelings
It’s game over for SBF - guilty on all 7 charges
Estimated read time: 3 minutes and 11 seconds
THE SEC TROLLS EVERYONE ON HALLOWEEN
Gary Gensler’s salary is paid with taxpayer money. YOUR money.
Now, you would assume Gary is working hard for your his money. Stuff like:
Approving the ETF
Establishing clear regulations for Bitcoin services
Going after frauds and Ponzi schemes
But no, he is doing none of that. Instead, Gary is having the time of his life shitposting on X:
If Satoshi Nakamoto went as Satoshi Nakamoto for Halloween, would we be able to tell?
Happy 15th anniversary to Satoshi’s famous white paper that started crypto.
Any crypto companies that are tricking investors should start treating them to compliance with the securities laws.
— Gary Gensler (@GaryGensler)
Oct 31, 2023
No need to double-check if this is a troll account. I already did that.
Here are the 3 main takeaways from his tweet:
Calls crypto projects securities
Points out how Bitcoin is unique and has an immaculate conception
He loves his dad jokes
I’m sure Gary is really proud of his Tweet, lol. He is been wanting to tweet this for ages. Halloween was the perfect opportunity to spook cryptards who peddle unregistered securities to retail investors.
I’m starting to like this new Gary…
The perfect Halloween costume doesn’t exi-
And Gary pls, just approve the damn ETF.
Remember, kids: it’s Bitcoin, not crypto.
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CHANCELLOR ON THE BRINK OF SUING BITCOIN MAGAZINE FOR BEING MEAN
Ladies and gentlemen, welcome to late-stage central banking.
It’s clear now that Bitcoin is in its “then they fight you” stage. And it’s hilarious to see.
Here’s what happened:
Bitcoin Magazine launched a satirical merchandise line making fun of FED’s CBDC ‘FedNow’
The Fed got their panties in a twist and sent a cease and desist letter to BM over copyright infringement
BM’s response: GFY
An absolute Chad move from BM. Whoever wrote this needs a raise ASAP.
This is hilarious on many levels. Fed claims they have built up 'substantial goodwill' in an 'invaluable asset”
In fact, the Fed has built so much goodwill that the most popular song of 2023 was about how "your dollar ain't shit.”
FedNow? More like FedLmao
Anyway, here’s what I’m going to do about this:
Send the Fed a cease and desist letter back for money printing
Buy me some FedNow merch from BM
Anyways. This is not about the merch or copyright infringement. This is about censoring the warnings of CBDC and a dystopian future.
The central bank is your daddy. And you are their digital slave.
Unless you have Bitcoin, of course. 🤝
IT’S GAME OVER FOR SBF
It’s finally over.
All the evidence has been presented. All witnesses have testified. All the memes have been posted.
The trial of the century is officially over.
The Verdict: SBF found guilty on all 7 charges and faces up to 115 years in prison.
And since SBF liked playing with leverage, I think it’s only fair for him to have the option to 10x leverage his sentence (1,150 years).
But the real question: Will the dirty politicians who accepted his bribes have to pay it back?
I doubt it. Let’s not forget that SBF operated "the safe and regulated" exchange. And not a single regulator caught and prevented the FTX fiasco.
Just think about it:
SBF would have never escaped without capturing part of the US political apparatus.
So far, only a few politicians returned the “donations.”
And because the mainstream media will never report on this, here is the complete list of everyone who has received funds from SBF 👇
Also, let’s not forget the likes of Kevin O’Leary and Bill Ackman, who tried hard to defend this fraud.
Now, let me address you directly now, Sammy. Can I call you that? Cool, I know you’re reading this. I only have one advice for you: don’t drop the soap.
Anyways. It’s good to have a closing to this sh*tshow.
Can we please continue the bull market now?
THIS WEEK IN A MEME 📅
FROM THE ARCHIVE 📁
Narrator: it did
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Bitcoin Therapy Team
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