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/biz/ - Business & Finance

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55193748 No.55193748 [Reply] [Original]

Is it finally happening, Is this it? Binance die now?

>> No.55194251

>>55193748
It's unironically the beginning of the end for the US economy - not because of Binance, but because these are the things dying empires do when they're pinned to the wall. Expect (((them))) to move their business and capital to the east the coming years. The US is more and more looking like "The Purge", but 24/7/365

>> No.55194290

Most that can happen is binance.us will be shutdown, but even then I don't think the SEC has a leg to stand on. They are desperate for a win, they can't beat Ripple, this will draw Coinbase in. Binance and Coinbase have plenty of resources to outlast Gensler, he will be out of a job by the time the lawsuit gets rolling at which point a more sympathetic administration may just give up the lawsuit

>> No.55194302

>>55193748
>Binance die now?
No. They'll pay a fine and that'll be it.
Binance.us will close down and Binance.com will continue to be the most used exchange of the world.

>> No.55194324

The US is literally shooting themselves in the foot

>> No.55194338
File: 68 KB, 660x682, 1685292479331521.jpg [View same] [iqdb] [saucenao] [google]
55194338

Big fat nothingburger

>> No.55194391

>>55194324
It's insane how much the sec is accelerating the usd decline

>> No.55194399

Couldn't give a fuck. CEX != crypto. If the gov thinks going after binance is some way to fight crypto they are retarded.

>> No.55194447

>>55194399
>CEX != crypto
I will cry a lot if goobermend shuts down all xmr exchanges, how can people escape if they do that? if they shut down onramps it's over, isn't it?
(I havent buyed any xmr since 20 bucks last year that are still in my wallet)

>> No.55194472
File: 413 KB, 1768x2208, Screenshot_20230606_023447_TabTrader.jpg [View same] [iqdb] [saucenao] [google]
55194472

>>55193748
Fuckin Garry gensler.

Only in America could one single bald headed, hundred millionaire "government official" greasy jew.just sign some documents on an arbitrary whim and cause an instant wave of financial destruction without consequences.

>> No.55194488

>>55193748
nobody cares
die chink die

>> No.55194516

>>55194447
Lol no, that would be great because it would force all liquidity to P2P and you could actually use decentralized P2P exchanges with less slippage.

>> No.55194517

4

>> No.55194533

>>55194338
this

>> No.55194537

>>55194516
Good point

>> No.55194556

>>55193748
The fact that they're suing instead of arresting them is bullish. CZ will send a few lawyers, pay a few fees, file some documents, and then continue operations. It's as simple as that.

The article YOU are looking for, you fucking bear, goes something like this: "Binance offices raided by FBI; SEC sends immediate demands to cease and desist. Binance shuts down trading temporarily; CZ currently awaiting trial"

>> No.55194575
File: 167 KB, 932x535, biannce.png [View same] [iqdb] [saucenao] [google]
55194575

>>55194556
Binance dying is good for crypto.

>> No.55194586

>>55194575
I want to get mine and THEN we can go back to localbitcoins and deep web anarchist LARP.

>> No.55194602

>>55194324
>The US is literally shooting themselves in the foot
I'd say that's an improvement over shooting their kids.

>> No.55194722
File: 47 KB, 637x436, 4ooor.jpg [View same] [iqdb] [saucenao] [google]
55194722

>>55193748
This is 4oor.

>> No.55194730

>>55194722
Forced meme

>> No.55194754

>>55194722
4 is synonymous with death in china. It's a very unlucky number.

>> No.55194860

>>55194722
Hello ex FTX baggie

>> No.55194886

>>55194302
binance has already been shut down in canada and australia

>> No.55194940

>>55194251
cryptard getting triggered

>> No.55195000

>>55193748
Gotta get the other players out if you want your broke clients to want your digital worthless euro/dollar in 2027

>> No.55195524

>>55194886
Thats because Binance runs its services through Coinspot for Australia
we are still cucked, I do not refute that

>> No.55196265

>>55194251
100%
How did you deduce? Or when?

>> No.55196280

>>55194302
Didn't Arthur from bmex payed 100m cash?

>> No.55196299

>>55194575
Bs, he will pay up and continue working.

>> No.55196311

>>55194575
Also exchanges fucking with price will never stop.
Just think about it.

>> No.55196338

>>55196265
Think before you reply.
Collect your thoughts and bundle them into a single post.

>> No.55196504

>>55194251
We can call the US an empire of sorts in that it has far-reaching influence, but it is a republic. In the Roman Republic, it was a similar encroaching dysfunction that paved the way for the rise of caesar, the civil institutions of old having been sufficiently hollowed out legitimize the possibility of such a takeover. The people of the Roman Republic didn't rise up against Julius or Augustus, as both knew they wouldn't, which was the reason they even engaged in the internal coup to begin with. Sulla was Julius's predecessor who had set the precedent of seizing power to "fix all that's wrong with this country". He resigned, but the guy following in his footsteps did not.
Trump is emblematic of the populares-faction in Rome that brought Sulla to power. He is not emblematic of Sulla himself, but rather a personification of the movement itself, representing discontent with a status quo that was unable to justly accommodate the new challenges of large-scale governing - i.e. the Roman tribal council system paired with martial virtue was, in its own way, a good system, but when tasked with governing an area three times the size of Italy, it produced outcomes that were shit. The Romans were cruel and brutal, yes, but they didn't set out to create an "evil empire", filled with glee at the thought of oppressing foreigners. They tried to rule through strength, in the sense of people willingly following whoever is physically/mentally strong, but the people they had conquered didn't accept it, mostly due to negative prior interactions (i.e. genocide), and cultural misunderstandings. This resistance increased their brutality, which was a psychological reaction: the attempt to assert control. It leads to evil, but it is not, per se, evil; it is more a kind of panic reaction. They turned out the way they did because they literally wanted "law and order".

>> No.55196602

>>55196504
They saw chaos around them and went out, trying to bring order; yes, out of self-interest as well, but also out of a desire to help people by bringing them order. That's how they ended up ruling the mutually feuding Greek city states. However, they were directly, memetically injured by their subjects: because they liked to rebel (it's a psychological reaction to want to do that), they became more cruel and oppressive in response. However, this effect exerted itself in their own society as well, which caused them to behave increasingly irrationally. Having to suppress rebellions did lead to their own undermining, increasing dysfunction in their society over time. "Power corrupts." Yes, it's true in the "colloquial" sense of "evil things get done", but it is also a succinct description of a type of phenomenon in an interactive system. That is, one can say this as a condemnation or not, but it has, as a matter of fact, happened. It is, so to speak, an accurate diagnosis.
But the reaction of the people they conquered reflected back onto them, brutalizing them. They were, literally, defeated by victory.

>> No.55196606
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55196606

>>55194602
holy kek

>> No.55197113

>>55194324
Who in the SEC is doing this shit?

>> No.55197197
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55197197

>>55193748
When is that faggot FTX going to get sued? Gensler’s pet laundering operation always gets favorable treatment. Fuck these niggers.

>> No.55197264 [DELETED] 
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55197264

>>55196899

>> No.55197302

>>55193748
Trying to preserve the price of crypto for one reason or another, maybe they're not through accumulating. What they didn't count on was the everyday people who give it value through speculation. Cryptocurrency isn't going anywhere.

>> No.55197352
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55197352

>>55194575
If you read the case its said binance operate from the cayman island

>> No.55197368
File: 565 KB, 1080x2400, Screenshot_2023-06-05-22-09-13-761_com.brave.browser.jpg [View same] [iqdb] [saucenao] [google]
55197368

Other interesting parts

>> No.55197403

>>55194302
>They'll pay a fine and that'll be it.
Exactly this. Remember when kraken got sued by the sec a few months ago? Same exact thing.

>> No.55197405

>>55194722
4

>> No.55197410
File: 620 KB, 1080x2400, Screenshot_2023-06-05-23-29-10-898_com.brave.browser.jpg [View same] [iqdb] [saucenao] [google]
55197410

>> No.55197431

>>55193748
I just keep buying

>> No.55197452
File: 736 KB, 1080x2400, Screenshot_2023-06-05-23-32-11-118_com.brave.browser.jpg [View same] [iqdb] [saucenao] [google]
55197452

>> No.55197485

phone image poster, we love you

>> No.55197547
File: 692 KB, 1080x2400, Screenshot_2023-06-05-23-41-07-208_com.brave.browser.jpg [View same] [iqdb] [saucenao] [google]
55197547

>>55197410

>> No.55197593

>>55197410
the screenshot IM is less damning then the paragraph that follows.
clear circumvention of US law.

>> No.55197603

>>55197593
who cares. Throw CZ in jail. Or don't. who cares

>> No.55197604

>>55197368
gonna be fun to find out if the funds are SAFU or not.
I hear him taking loans on one branch for another and they mint their own coin, bro, this is definitely FTX 2.0.

>> No.55197619

>>55197603
>binance is pulled from canada, australia, and now the US
>yea, I mean like, really, who cares, it's just one guy, who cares

>> No.55197693

Btw if you want to read the document yourself
https://www.docdroid.net/I02zzqT/sec-v-binance-4-pdf

>> No.55197696

>>55197619
Yeah there are many different exchanges and goo defi now, we don't need binance anymore.

>> No.55197713
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55197713

>>55193748

>> No.55197804
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55197804

>>55197547
I recall a gov complaint, prob this one, mentioned he was laundering money from iran or isis. The writings on the wall, feds may be slow as mollasses but they dont put up with competition and they always get their guy in the end.

The fact cz is still operating and hasnt disappeared shows he is more delusional than ross ulbright.

>> No.55197830

>>55197713
Lol crypto has been taken over by frat boys chinks and pajeets. What a pathetic sector it has become.

>> No.55197852

>>55193748
So this is why markets are crashing. God I fkn hate America so much and their fkn kikes