Wednesday, July 27, 2022

Crypto- Exchanges' Corruption Dept: Surprising No One, Both Kraken And Coinbase Are Targets Of Multiple Federal Investigations...


Okay -- the investigation into Kraken is by far the most serious, but it appears that Coinbase has multiple open investigations pending at SEC as well -- in Coinbase's case, for insider trading, as well as for facilitating a violative public market in unregistered securities in the US, and as to how the company discloses its fee structures.

But the uber-genius at right, as CEO of Kraken, was apparently allowing Iranians, from inside Iran -- to trade crypto- on his platform.

Iran of course, like North Korea (as we learned from young Virgil Griffith's idiotic hubris), is a banned country, and thus its peoples are banned from using brokerage and banking services in the US, at NATO countries and inside the EU -- under multiple sanctions orders and treaties. All of which carry jail time -- here in the US -- for knowing (or merely negligent) violations of these multi-national sanctions.

But it seems Mr. Powell's runaway libertarian ethos has gotten the better of him, wrongly thinking such laws are "only for the little people".

It would seem he's about to find out. . . otherwise. Ah, just as Virgil Griffith did, last year. Griffith is now at FCI Allenwood Low, and not due to be released until King Day 2026. Maybe Powell should book a visitors' table, and get some pointers on surviving inside, from Virgil. Or. . . drop by that Brooklyn bodega, and get some tips from. . . Martin, hisself(!).

For his part, it seems Mr. Armstrong at Coinbase. . . was simply running crooked trades inside the US (or at least so it seems, so far -- but there may well be additional details, more damning, to emerge as to banned trading partners, yet for him as well).

[And... don't even get us started, on Martin Shkreli's desire to join these dens of thieves -- with his web3-pharma discovery word salad nonsense.] Out, grinning -- ever grinning.

Off now, to see indigenous peoples' ancient petroglyphs, in the western state parks here. On cliffs, by waterfalls. . . with my youngest son -- smile.

नमस्ते

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