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Susan Friedman criticizes Senator Elizabeth Warren, arguing that the US government did not specifically save the crypto industry and that the decision to protect depositors affected various groups, including crypto. There is a call for Congress to halt the SEC's excessive overreach in cases involving Ripple, Grayscale, LBRY, and Voyager. Senator Tuberville reintroduces a bill allowing retirement crypto investments.
Circle CEO discusses vulnerabilities in the US banking system, while a satirical article mocks the failure of Gringotts Bank. There is criticism of the Biden administration for insuring all bank deposits, with some alleging that this action benefits wealthy individuals and organizations.
Some argue that the Federal Reserve is responsible for economic problems and should be ended. Elon Musk shares a humorous tweet related to the situation. A bipartisan effort is made to discover the root causes of recent bank failures, with the goal of ensuring the safety and soundness of banks and avoiding taxpayer burdens.
Finally, Anthony Scaramucci criticizes elderly politicians for failing the country and attempting to limit innovation due to their ignorance.
A good reminder that repeating something demonstrably false over and over again doesn’t magically make it true. The USG didn’t step in to save crypto and the decision to protect depositors affected a diverse group of businesses and individuals, of which crypto was one part. https://t.co/sWccaK7kh0
— Susan Friedman (@ss_friedman) March 17, 2023
We can’t wait to build in @xspectar Metaverse!
— Chip – onthechain.io (@stephenchip) March 18, 2023
On The Chain is opening a shop with our NFTs and Merch.
Which is your favorite?
Ads the number down below.
Click on the ALT on each imafe for the image number.
See all land parcels and discounts https://t.co/hRtNv6Ecbi pic.twitter.com/QTJvkR8qkc
Ripple Strikes Back – SEC WARS – T-shirt
The SEC dropped a lawsuit at the end of 2020 alleging that Ripple sold XRP as an unregistered security. Ripple Strikes Back. Game on Bitchez.
Ha! I would be fired as an SEC trial lawyer b/c if they told me to walk into Court and argue the nonsense SEC lawyers have argued in @Ripple, @Grayscale, @LBRYcom, and the Voyager bankruptcy, I would refuse b/c they lack a good faith basis to make those bullshit arguments.
— John E Deaton (@JohnEDeaton1) March 17, 2023
Nick Marinoff
Sohrab Khawas
Rep. Emmer,
— Chip – onthechain.io (@stephenchip) March 16, 2023
When will Congress halt this absurdity?
The SEC & other regulators' excessive overreach must be reigned in.
Thoughts?
Gringotts Bank Fails Due To Unsustainable Business Model Of Hoarding Customers' Gold In A Giant Cavern Protected By a Friggin' Dragonhttps://t.co/BFq09Xetwe
— The Babylon Bee (@TheBabylonBee) March 17, 2023
Hey, everyone, you thought that only banking deposits up to $250,000 were insured? Wrong! Biden gang just effectively deemed taxpayers to be liable for insuring ALL bank deposits -- with no approval by a constitutionally pesky Congress!
— Tom Fitton (@TomFitton) March 13, 2023
Kash Patel on Truth Social
Who banks with SVB... Chuck Schumer, Maxine Waters, BLM, anyone wants to bet Soros? Woke-ites and easy money. Case closed
Tyler Durden
😂 😆 😝 https://t.co/PgxwL511oO
— Chip – onthechain.io (@stephenchip) March 17, 2023
Despite substantive differences on many issues, it’s refreshing to achieve a bipartisan approach to discovering the root causes of recent bank failures. All Americans must have confidence in the safety and soundness of our banks. And, we must know that taxpayers aren’t… https://t.co/P6CoInVSN4
— Warren Davidson (@WarrenDavidson) March 18, 2023
We have elderly politicians that have failed the country. Overborrowed Over promised and underdelivered. Full on generational theft. Now they want to limit your future and innovation due to their ignorance and stupidity. https://t.co/BO5UoOdMbE
— Anthony Scaramucci (@Scaramucci) March 17, 2023
If you want to assume unelected bureaucrats are going to do the things you expect them to do, you do that at your own risk. This Administration is already moving in the direction of a CBDC, and the events of this week have only made that more clear. pic.twitter.com/JAtCpUgaSm
— Tom Emmer (@GOPMajorityWhip) March 17, 2023
