2023-10-26

🎤 Scaramucci's Unfiltered Trial Take!

October 26, 2023

Good morning, beautiful people,I wonder if anyone will dress as SBF on Halloween? Or even scarier...Caroline Ellison!

It's ok, it's dress up!

🥷 SBF's Day of Reckoning
🤸 Gensler's Unyielding Stance
🧭 Web3’s New Frontiers

🎤 Scaramucci Predicts SBF's Trial Disaster

Anthony Scaramucci, the mastermind behind SkyBridge Capital, has flipped the script on Sam Bankman-Fried (SBF), unleashing a torrent of predictions about the high-stakes trial. 🔄

Once standing firmly in SBF's corner, Scaramucci now envisions a courtroom drama filled with relentless prosecutors ready to pounce. 🦁

"He’s stepping into a lion’s den. SBF is going to get skinned alive; the prosecutors are seasoned hunters in these legal jungles," Scaramucci remarked, painting a vivid picture of the impending showdown. 🎨He believes SBF's attempts to outwit the legal eagles will crumble, potentially adding years to his sentence. ⚖️Just like the respect he once had! 🤣🤣

Reflecting on the past, Scaramucci expressed regret for once being blinded by SBF’s geeky charm and grand philanthropic gestures. 🤓💸He's kicking himself for introducing SBF to world leaders and dubbing him the Mark Zuckerberg of crypto. 🌍💔

SkyBridge Capital, under Scaramucci’s leadership, is still reeling from a 39% nosedive in its largest fund in 2022, with fingers pointed at their ill-fated bet on FTX. 👎Scaramucci is on a mission to reclaim the 30% stake in SkyBridge that FTX snapped up before its dramatic collapse. 🔄🛡Get in line, Anthony!

📜 SEC Chief Stands Firm on Crypto as Securities

SEC Chief Gary Gensler is steadfast in his conviction: the Wild West of cryptocurrencies is no place for outlaws. 🤠💼

In his speech at the 2023 Securities Enforcement Forum, he reiterated that digital currencies are not exempt from the securities rulebook, sending a clear message to the "crypto cowboys". 📜🚫

“The times are changing, but our securities laws still apply,” Gensler stated, emphasizing that crypto enterprises and traditional financial institutions should play by the same rules. 🏛️He voiced his concerns amidst the bustling anticipation of the crypto community for upcoming events and ongoing debates regarding Bitcoin ETFs. 📈

“There’s no 'get out of jail free' card in crypto,” he noted, citing Congress’ inclusive definition of securities back in the 1930s.Yeah...you read that right, Gensler wants to judge crypto by laws made nearly 100 years ago...for reference, the very first version of the internet was invented in the 1960s...🤦Gensler highlighted the industry's vulnerability to financial pitfalls and legal quagmires, stating it's “not surprising” to see fraud and scams. 💼🛑

While he did not dive into case specifics, Gensler mentioned the SEC's ongoing battles with non-compliant players in the crypto space.

“It’s a financial rodeo out there, but we're determined to uphold the law,” Gensler concluded, sending a strong message to crypto enthusiasts and skeptics alike. 🤠⚖️Maybe start thinking about changing outdated laws, Gary...

🌐 Mastercard & MoonPay Dive into Web3

Mastercard is on a spree, and it’s clear they’re not taking a backseat in the Web3 revolution! 🚀🌐

They’ve teamed up with MoonPay, a heavy-hitter in cryptocurrency and non-fungible token payments.Together, they’re embarking on a journey to explore the untamed terrains of Web3, aiming to redefine experiential marketing and forge deeper connections with consumers. 💳📱It's all hotting up, folks!

Keith Grossman from MoonPay and Raja Rajamannar of Mastercard are the pioneers of this venture, bringing together their companies’ strengths to harness the potential of Web3 tools. 🤝MoonPay gets to play in Mastercard’s sandbox, utilizing their Crypto Credential system to ensure that every transaction is as compliant as a schoolchild during a surprise inspection. 📜✅From my experience as a teacher...you gotta offer the kids something in return...just saying! 🔨

Otherlife, MoonPay’s creative sibling, is jumping into the fray, offering a buffet of Web3 creative services and experiential magic. ✨

On the flip side, Visa, the other giant in the ring, is flexing its muscles in the Web3 world too, extending its stablecoin settlement capabilities and partnering with Bitcoin rewards app Fold.It’s clear that in the battle of the card titans, the race to Web3 is on! 💳🔥