We get a live opinion of Gary today on the show.
It's going to happen.
Very excited about that.
I was told yesterday,
and I tweeted about this,
that Gary Gensler literally brought these actions on Monday and Tuesday
as an FU to Congress from their bill they put out on Friday.
He liter--
literally, that's why he did it.
This Binance or Coinbase enforcement actions?
They were not on the books to do.
He literally did them in reaction to Congress putting out a structure for a security versus a commodity.
How do these guys just not go fire him tomorrow?
I don't understand.
If you're in Congress,
and this guy has done this to you,
and he's basically said FU publicly,
why in the world would you let this continue?
Have you guys seen my Bored Ape shirt?
You guys see my Bored Ape shirt?
Guys, this is Ronald.
- This is Ronald. - I got it. Sorry.
- This is Ronald. - I'm trying to copy and paste here.
Can we have a shirt zoom?
Do we have a shirt zoom cam?
- We should have that. - Well, I can do you one better. Here we go.
We're going to--
Uh-oh.
How low will you go?
There's Ronald.
Thanks, Ronald.
That's my Bored Ape.
You can go back. That's enough. Thank you.
This is getting weird for me, Tim.
Here we go.
Gensler says US dollar is the only digital currency that we need.
SEC Chair Gary Gensler appeared on CNBC's Squawk Box
to discuss the recent lawsuits filed by the SEC against Binance and Coinbase.
The lawsuits accuse both platforms of operating as unregistered securities exchanges.
We got every story about the SEC today.
"Make no mistake,
it is not proper custody to have funds and crypto securities on platforms like Binance."
What?
"Look. We don't need more--"
and notice,
do you like how he says crypto securities?
Is that a new term he's trying to come up with?
- I think it is. - Yeah, absolutely.
Oh, we have this.
Jim Cramer said get out of crypto today.
Look. To be fair, he also thinks that there's coins called Solano and Cardanzo,
so, you know.
Guys, this is how you know we bottom when Jim Cramer says get out of crypto.
Alright, guys. Let's go ahead and bring on our special guest Gary.
Gary is going to come in. He's going to talk about everything that's going on here.
I can't believe they miss TJ. It's weird.
So let's go and bring him on.
Oh, there! There he is.
Hold on. Let me get my earpiece, guys.
There he is.
We're coming live to you.
This is Gary cam.
Hey, Gary.
How's it going?
We would like to know what's going on.
Is Ethereum a security, Gary?
Okay.
Gary, okay, Gary.
I understand that's a hard one.
I understand that's hard, Gary.
Gary,
what is a security?
Can you just explain, like, what is a security?
Gary?
Back to you.
Okay.
What's he looking at?
This is weird. This is really weird.
Okay.
Gary, Gary, this is rude.
Gary, you're eating during the show.
Okay.
Gary, can you please tell me,
do you prefer leaves or the blood of children?
Please?
Oh, he turned his head away from the camera.
This is very interesting, guys.
Back to Gary cam.
Gary, I'm talking to you.
Can we please move around so I can see Gary's face.
Thank you.
Thank you. Here we go.
Okay. There we go. Thank you.
Thank you.
Okay.
This is ridiculous.
Gary, is Algorand a security?
Gary, you promoted Algorand.
You literally promoted an unregistered security.
Gary, is Algorand a security?
This motherchucker.
- I can't make heads or tails with this guy! - He's all about the green.
He's all about the green.
Golly!
Gary, do you support a digital dollar?
Do you support a CBDC, Gary?
This motherchucker.
Get him out of here.
I'm done with this guy.
Get Gary out of here.
Guys, that was disrespectful.
Gary.
You guys can see
we have caged Gary.
Gary is ours now.
Now, what I've been told is Gary's not supposed to really leave his cage for a week,
but starting next week, we will bring Gary in the studio with us
when it's time to talk securities.
This is a--
this is a--
this is an AI BitBoy, an AI CZ and an AI Snoop Dogg.
I think Beeple may make an appearance here too.
This is very funny.
So here we go. You ready?
Well, let me just get that perfect size.
Alright. Here we go.
And do you guys see that's my--
that's my Gucci shirt reworded.
Alright, team.
We're here to decipher the Binance saga.
CZ himself will be joining us soon to give his own response to the allegations.
This promises to be a real eye-opener.
Yeah, they even said Binance was diverting billions into a separate company under CZ's control.
Sounds like a plot from a comic book.
And here's our man of the hour.
Welcome, CZ!
We're stoked to have you here.
I appreciate the platform, guys.
While my legal team has advised me to tread lightly on specifics,
I feel it's important to address things on a more personal level. - This is why I like CZ.
With the greatest respect,
**** the SEC as a staff record label and as a mother****ing crew. - Oh, Suge Knight!
And if you want to be down with the SEC, then **** you too.
Gary Gensler, **** you too.
All you mother****ers, **** you too.
You mother****ers can't be us or see us.
~ We mother****ers thug life riders. ~ Tell them, cuz. - Sorry. This is supposed to be family-friendly.
Crypto till we die. - They're blocking it out.
Out here in the metaverse, we warned you we'll bomb on you mother****ers.
We do our job.
You think you mob?
We the mother****ing mob!
All I hear is the sound of facts.
That's some heavy sh*t, bro.
Sorry.
One last thing, if I may,
SBF, **** you too!
I see you on the yard,
I'mma **** you up.
That's on everything.
Okay. I think that's all we have time for today.
But, Gary Gensler, if you're listening, our team are reaching out for your response.