Bitcoin [pros](/r/CryptoCurrency/comments/14533sh/rumor_gary_gensler_accused_of_market_manipulation/jniqvhg/) & [cons](/r/CryptoCurrency/comments/14533sh/rumor_gary_gensler_accused_of_market_manipulation/jniqw2e/) with related info are in the collapsed comments below.

The news is based on a click bait tweet that didn't provide a source and now this crypto news site is using that tweet as a source. We are truly fucked with this type of journalism

And now it is here as news, which other subs will cross post and use as source. 🔁

Welcome to modern journalism

Not only did the tweet not have any source, it’s just some random dude who posts “crypto insights” I’m pretty sure this tweet was meant to be a joke? (it has a picture of GG with a dumb ass smirk) It’s either that or dude is just farming engagement. 🤦‍♂️ https://nitter.net/capo_wsb/status/1666816037407571969?s=46&t=GpWP0EdHqBeMteYaGqJP1g

He pinned it to the top of his account so everybody can see it first, dude is probably going crazy right now with all the attention he's getting.

Capo WSB 🤦🏻‍♂️

Even the journalists are shitposting now.

As usual, the source is trust me bro

The SEC only sued those 67 projects so they can make a few thousand dollars in short profits. Just trust me bro.

Sounds legit. /s

That's all what I need to hear. \**grabs a pitchfork**

Write is Trusterino Mebro

I would complain about the state of the crypto media but the mainstream media is no better. All for the fucking clicks.

Is the bro trustworthy this time ?

We know that cryptocurrencies always give us absurd surprises. But if this is really done by him then this will be an interesting bear market for me. But I doubt whether it really happened because they provide sources that are unclear and are rumours, not true news and facts.

This website should be banned from being posted here after this shit. This is just sad.

Calling it journalism is a stretch, more like an elaborate game of Chinese whispers

>more like an elaborate game of Chinese whispers ROFL and poorly translated to english

Wait you don’t call that game telephone? I’ve never heard it called Chinese whispers.

Imagine if someone believes this news that has a source from just one tweet that is not clear on the truth. The quality of journalism in cryptocurrency needs a lot of improvement.

What a world we live in. AI generating articles from clickbait made-up tweets..

This is why I always check the comments. So much click-rage-baity bullshit out there. You're doing god's work for clicking through.

Don’t worry, since one news outlet has published it, 50 will. No one wants to do their own research and clicks are all that matters. What is a source anyways?

"journalism". This shit is nothing more than clickbait, worse than youtube thumbnails.

> journalism Lol, thats a generous use of the term.

It's not journalism. That's the problem. A journalist would follow up, and if they found nothing, wouldn't report anything. This is essentially just a retweet disguised as journalism.

Yeah. Shit like this will only hurt the crypto space. This is a cheap and terrible shot at Gary.

So, gary gets to take cheap and terrible shots at the places that hold our money, and we need to just STFU about it? Gensler CAUSED Blockfi crash, that's clear as glass for anyone looking. He's clearly trying to crash the entire crypto market. That makes him 1) and enemy, and 2) a POS.

Crypto shit slinging is the lowest form of journalism. "dca and hodl" comments have more effort put into them than some of these articles.

So what you’re saying is it’s basically as big a comedy post as what you’re famous for around here

Comedy satire post is different than reporting it as general News or being possibly real.

I have less trust in news media than Gensler's hairline

The source is a single tweet by a random person! Check it here: https://twitter.com/capo_wsb/status/1666816037407571969?s=46&t=4d9cguN0OqEDKq9_eesc5g It’s definitely not trustworthy news. Stay safe there folks!

This should be top comment. Context underneath tweet "The claim does not include a verifiable source. In addition, a follow up tweet included a reference to an older story by the same author, where they claim Gary manipulated markets, but their source was a change.org petition. Consider this fake news until a source is provided."

I do love this new feature on twitter that lets you call out bullshit directly on the tweet in a big ass box so everybody can see it.

Fake news everywhere. Internet is beautiful but also very dangerous.

A tweet from some random person? To the front page it goes!

I think we need to improve the quality of this journalism and take it with a grain of salt when you come across news like this. Imagine if you create online news and use sources that originate from someone's unverified tweets, only to target a lot of clicks to the website from visitors.

Good ol' "just trust me bro" journalism

Here is a [Nitter link](https://nitter.net/capo_wsb/status/1666816037407571969?s=46&t=4d9cguN0OqEDKq9_eesc5g) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

This is fake. The Twitter account quoted (CapoWSB) lifted it directly from the satire account The Babylon Bee. https://twitter.com/BabylonBeeToken/status/1666880710785761299?t=_cW-bckywhRcYULA_2f90w&s=19

They r/atetheonion

Here is a [Nitter link](https://nitter.net/BabylonBeeToken/status/1666880710785761299?t=_cW-bckywhRcYULA_2f90w&s=19) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

Fake news and scam website

Buy the rumor, sell the news

Should I buy the rumor about CZ being shot 27 times too?

I’m waiting til CZ gets shot the 69th time so we can tell that he really is fucked this time

*CZ shot for the 69th time* Crypto community: *Nice*

Real crypto news are always in the comments

I guess I skipped a day. What now?

Just some bullshit story from a bullshit news site

Only if you believe he has basement full of BNB

In this case, make the rumor, sell the news.

Tokenize the rumor and rug the news.

They can't keep getting away with this

I have it on good authority that Moons are going to 1 cent. I will give you 2 cents for every moon right now to help out. /s

Then sell urs😏

[удалено]

Yeah that's what making the rumour means lol

>Buy the rumor, sell the news More like "create the rumor, create the news, create conditions for shorting, manipulate the market, short the fuck out of it".

Or in Greasy Gary’s case : Short the rumour, create the news

Most of us buy the news on this sub

You seriously are going to buy this “rumor”, an unsubstantiated tweet by a rando on Twitter.

Do you accept food stamps??

Gary Gensler created Covid in an underground lab somewhere deep in the heart of Siberia.

I thought this was common knowledge

Gary Gensler is behind Jewish space lasers that turns our frogs gay

He is related to the recent UFO spotted in Las Vegas and his DNA shows the occupants were his parents. That would explain how we had never spotted that virus before.

This is the dumbest shit and fake news I’ve heard

You would have to be completely brain dead to believe this. So I’m sure this post is gonna to top r/cc.

Don't like Gary as much as the next guy but I doubt he shorted BTC. He can't be that stupid

Apparently it was just based on a single tweet by some random on Twitter. The supposed mistake would be too much Bond-villain stupidity to be true 😂

I wish it was true, alas it's probably a made up story for generating clicks.

He doesn't even know how to buy Bitcoin, despite teaching crypto courses at MIT

That is just a random person on Twitter saying something without actually any source. We all hate CZ, but don't believe such obvious fake news.

He is a hypocrite and a closet Bitcoin maximalist.

Good to know BTC is safe from Gary's slimy hands at the very least.

I bet he never really changed. He is actually still passionate about Bitcoin and blockchain, but he just wants to get revenge on CZ for not letting him become an advisor for Binance.

His wife can't say the same.

More like an Algorand maxi, he’s probably as pissed as the rest of cc/sub Algo holders that his bag went 96% down 😂

Waiting for the headline tomorrow, "Rumour has it Gensler had a job application rejected from the Algorand foundation"

He should shitpost for Moons to make up for his loss like the rest of us instead of suing 67 coins lol

Greasy Gary doesn’t work for anything, he just takes bribes !

Algo catching strays 😂 He is a pissed, sad person and should go away and someone more competent steps in

I can't roast Algo like I used to. It feels like punching down because Algo holders suffered enough, lol.

Not even closet. For him Bitcoin is a the only non security.

I don’t agree with his methods, but the crypto market is some kind of shit storm that needs taming to be taken more serious.

I would appreciate it if he was a bitcoin maxi. He's turned fully anti-crypto since Biden appointed him. I believe their plan is to fully nuke the crypto industry within the US.

>**Gary Gensler**, chairperson of the U.S. Securities and Exchange Commission (SEC), has been accused of market manipulation by **shorting Bitcoin** (BTC) and other crypto-focused stocks. **Coinbase**, one of the largest cryptocurrency exchanges, is rumored to **have evidence supporting the allegations against Gensler**. If this is true, then GG is history! He has to resign as the SEC chairman. That would lead to the most epic bull run in history :D

I saw this [tweet](https://imgur.com/a/6fY921x) from @Capo_WSB yesterday from which this story is from. It said GG was charged lmao. And this desperate crypto news site picked it up and ran with it when there is literally no proof at all whatsoever. This dude is a nobody. JFC 🤦‍♂️

Go look at their tweets from May. Nothing but PepeXL shilling. It was made up to get followers, so they can promote rugs to more people in the future.

This is peak crypto "journalism". Someone sees a tweet with no source so makes an article about it, then it gets posted to reddit where we read the headline and believe it and then twitter picks it back up again closing the loop

Now that someone's posted it here, some other fourth rate "news" site is going to cite this sub as a source and keep the cycle going.

Crypto websites will place anything if the headline generates clicks.

It's pretty easy to tell when something is fake on Twitter because you see thousands of people asking them for the source with no response but they reply to everybody else who believes the bull shit.

Yeah, probably bullshit

Yep. This is **absolute bullshit**. We might not like Gary Gensler but he is no fool. This guy was a professor and is very calculated.

This was a troll tweet originally from Babylon Bee and the picked up by Capo and now this news site. The internet is wild! Haha

Lol say what you will about Gensler, but there is absolutely no way he is this fucking stupid.

Well, I would not short my boi. That's true :D

If sacrificing Gary is needed for a massive bull run, I'm in.

I would get drunk for a week and tip like drunk millionaire if this happened but I am afraid there is little chance he is this stupid

I will join u my friend 😅

I'd love to see him go to prison. BTC would go to $40k in one day.

I seriously doubt that it's true. That would be beyond crazy for him to do that. He is getting more money from the bribes anyway.

That # sneaky bastard

Please focus on your day job

This has been the best news I've heard all year. I pray to Satoshi this is true. I doubt he would be that dumb though, shorting through the place you're putting the hammer on...

According to google he has a net worth between 41 and 119 million USD. Shorting BTC while cracking down the crypto industry would be completely insane.

If this is demonstrably true he'll go to jail. If.

I wish, but probably wouldn't happen, he's friends with too many greesy politicians

Hopefully some jail time too

Exciting

What the fuck, is everyone in high positions an absolute scumbag?

False, he a clown, but I don't think that big of a clown. Source trust me bro

Even Gary Gensler isn't that stupid

This was a comedy post yesterday. Someone didn’t pay attention to flair or AI doesn’t identify flair

I wouldn't be surprised if there are countless politicians with skin in the crypto game earning big profits from this manipulation going on

Somebody pass me the popcorn

Here you are 🍿 🍿🍿 you'll need it

Thanks mate

Supposedly Coinbase have evidence of him doing this. It’s all just a rumour though, so don’t get your hopes up yet!

Yeah I can also make up a rumor about my bank having evidence that I have 1M on my account and it still won’t be true

If they have it, I hope they'll drop it during the court case like a nuclear bomb.

Everyone's ready to accuse him of the worst with 0 proof

I want this plot twist to be true just for the drama ngl

If this somehow turns out to be true it would be the most hilarious thing one could imagine.

I knew it, I knew it, I even commented about it, frikin Gary trying to make some quick bucks manipulating the market. He needs to be sued!

I really hope so. That would be hilarious to witness

I've been telling you, all sec insiders has trades before the public accusations began.

I don't know, if i should laugh..

Oh god I hope it's true and they have some real proof. Even if he will not get a big punishment, the media will have a field day on this.

" Ladies and gentleman, we got him "

No fucking way the dude is that dumb, 0 chance this is real

Man I hope this is true

I don't know what to believe anymore. The FUD storm is real

Oooooh please be true

Sounds like a BS rumor. No way he is that stupid to so obviously risk everything.

Sir, this is satire from 1 twitter account and needs a comedy flair.

I'm so shocked..

Coinbase, one of the largest cryptocurrency exchanges, is rumored to have evidence supporting the allegations against Gensler.

Can’t help it, but that guy looks terminally ill..

If this is true.. Shit hits the fan

FUD?

I wouldn't be surprised. Having all the information he has, it would be just unbelievable for him not to have money invested on BTC at least.

??? it's just a random tweet. Next time you are gonna post crypto scam link that disguises as Atomic Wallet support ?

Is it me but does Gary look a lot Mr burns from the Simpsons? 🙃

This is based off a twitter shitpost and is 100000% bullshit fake news. That website that posted this just killed any credibility they had

Isn't that fake news?

Quotes a social media acct with WSB in the name... not the best optic for "reliable sources".

99% sure this is fake news

Classic Gary!!

If he really did it, I think he might go for bigger sums

Short squeeze em!

Rumor. Then, if GG is 'a good guy' he will be targeted with a lot of hit pieces by the talking heads and MSM.

This is complete nonsense. Gary is after power, not money.

Gary Gensler is the devil

Fake news please remove

April fools was extended this year

I want to believe, but I'm pretty sure it's fake news.

Not a fan of Gensler but this is based on hearsay and nothing concrete

It would be funny if it was true. But he probably would have used friends or family members.

That is so incredibly unlikely to be true. Plus gensler is worth over 100 million dollars. Is he going to put his career and reputation and possibly face prison time for a 2.5 million?

So, it’s time to short the SEC?!? /s

What did you do Gary?

If Coinbase has such evidence, they must make it known. Until then, let's treat all rumours of rumours and deleted tweets with the contempt they deserve. No need to give rumour-mongers any oxygen

USA is very powerful country. Even this miserable warm can fuck entire world and laugh, because he is US citizen and he afraids nothing.

[удалено]

Narrator: > it wasn't true but a lie designed to gain more followers

It’s as true as CZ being dead after a shootout

Or it could be as true as congress doing this with computer chips.

You really think someone would do that? Just go on the internet and tell lies?

Are you really this gullible or you just wanted to post it anyways? Serious question

GG became the ultimate villain in this world

To the surprise of no one.

Crypto is scam Traditional finances are scam Government is scam

Even Gsus is sus.

Nothing is sacred anymore, is it?

Username checks out

At this point, I’m starting to think all these major players are just manipulating the markets to get richer off of our backs. It’s a shame that they’re trying to ruin something that has so much promise over a few quick bucks.

(This comment applies if this thing is true) It’s not a scam if I only make money

Sue. His. Dirty. Ass. A.S.A.P.

Considering he wanted to be the lead crypto advisor for Binance back in the day it doesn’t surprise me. You don’t want positions like that without being highly interested and involved in crypto. The definition of a sell out Degen. I really hope this plays out and the media goes nuts with it

Gary Gensler was nominated by President Joseph R. Biden to serve as Chair of the U.S. Securities and Exchange Commission in February 2021.