Stock Market News

SEC Violates Constitution by Filing an Illegal Lawsuit

Imagine you start a home-based business selling stuffed teddy bears online.

Your product is a hit, with sales growing every month.

One day you’re sitting at your desk, packing up the latest order, when federal agents for the U.S. Fish and Wildlife Service kick down your door, tossing in a smoke grenade for good measure.

You’re being charged with trafficking endangered species over state lines.

As they drag you away in handcuffs, you cry out, “These are stuffed teddy bears. They’re not real animals.”

A callous agent looks you in the eye before flatly stating, “It’s close enough for government work.”

The Feds were also teddy bears! Betcha didn’t see that coming. Source: Midjourney

That’s basically what the Securities and Exchange Commission (SEC) did to Binance and Coinbase this week.

For years, the cryptocurrency markets openly operated as the “Wild West” of investing.

Yet, left unchecked and subject to the free market, the system cleansed itself, purging its worst elements.

Yes, many investors lost money. But the system stands stronger for it.

So, we shouldn’t be surprised when the heavy hand of the government slapped Binance and Coinbase with an unjustified lawsuit.

Within 48 hours, shares of Coinbase plunged by almost 30%.

Source: Tradingview

Yet, shares quickly recovered, with some options players raking in MILLIONS in a matter of days.

Intelligent investing isn’t just a game of patiently amassing quality companies into a bulging portfolio.

It’s about exploiting opportunities that present themselves wherever and wherever they occur.

That’s the foundation Bryan Perry used to build his Eight-Month Millionaire program. He knows that proper risk management combined with the power of options can generate huge windfalls most investors could only dream of.

Now, we know you might be thinking to yourself – Great. I already missed the boat on this one. Thanks for nothing.

Well, don’t just dive overboard yet, because things aren’t over between the government and the crypto space.

In fact, this could be the start of a multi-year effort that is set to create INCREDIBLE opportunities.

And that’s all thanks to the overzealous ignorance of our federal government.

Kick ‘em When They’re Down

The SEC is charged with three tasks:

  • Protecting investors
  • Maintaining fair, orderly, and efficient markets
  • Facilitating capital formation

How does it accomplish these duties?

The answer is by using the enforcement mechanisms afforded to them by the Securities and Exchange Act of 1934, the amendments in 1975 and 1988 as well as the Dodd-Frank Act of 2010.

The laws specify what powers they possess and those they do not.

Yet, if you listen to SEC Chairman Gary Gensler, you’d think he was king of all that is finance.

For years, cryptocurrency players begged Congress, the SEC and anyone else who would listen to craft appropriate regulations and the rules of the road. They knew it wasn’t just appropriate, but necessary to keep the industry honest and transparent.

Their pleas were met with deafening silence.

It’s like going to the DMV to register your electric vehicle, them telling you they aren’t set up to do electric vehicles (EVs), asking you to come back in two years and then you get pulled over on the way home.

We watched a nascent industry explode into a multi-trillion dollar industry… and the SEC did nothing.

We watched a “stable coin” collapse when it turned out they didn’t back their cryptocurrencies with dollars but with commercial paper, creating a huge risk to the banking sector… and the SEC did nothing.

We watched FTX steal billions… and the SEC only stepped in at the last moment, not even charging its executives with their most heinous crimes.

But are we really surprised?

This is brought to you by the same administration that makes up authority and powers for the Federal Trade Commission (FTC), which blows up legal deals under the guise of anti-trust…

…and the same administration that impeded the sale of failed regional banks, costing taxpayers billions and making one of the largest banks even larger.

Every time the government acts, it injects uncertainty into the market, costing investors billions.

Unfortunately, this oppressive approach isn’t limited to just one political party. Numerous players on both sides of the aisle advocate Draconian measures so long as it serves their needs.

Fortunately, those of us attuned to this relationship can seize the opportunities it creates.

As we mentioned a moment ago, uncertainty produces volatility. The less an investor knows about the future, the harder it is for him or her to price an asset accurately.

However, with the speed of news, we often only have short windows to act.

No one knows how to do this better than Bryan Perry.

As a Wall Street veteran and options maven, Bryan helps everyday investors learn how to protect their portfolios while cashing in on the most lucrative opportunities.

And right now, his Eight-Month Millionaire program is perfectly positioned to capitalize on today’s market.

Taking a small account with just a few thousand dollars and turning it into the windfall of a lifetime in less than a year might seem like a tall task.

And you should be skeptical.

That’s precisely why Bryan’s program starts with a 30-day test drive — to ensure it’s right for you.

Click here to see how the Eight-Month Millionaire Program works.

Wealth Whisperer Team

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