Ed

We've been saying from the very beginning, since the beginning of Trump coin and Melania coin, how awful this is. We're now seeing the data coming in and showing us numerically what's so bad about this. Scott, what more is there to even say about Melania coin or Trump coin?

Also, we don't even know. I mean, there are so many accounts, like all these accounts are anonymous. So like we don't really know if they haven't sold.

Also, we don't even know. I mean, there are so many accounts, like all these accounts are anonymous. So like we don't really know if they haven't sold.

Also, we don't even know. I mean, there are so many accounts, like all these accounts are anonymous. So like we don't really know if they haven't sold.

The thing that infuriates me, I totally agree. We need to actually take action. We can talk about how it's a big grift, but how are we actually going to address this? How will we see justice for what is clearly, you just look at it, it's like criminal behavior. The thing that really frustrates me This is all in the domain of the SEC.

The thing that infuriates me, I totally agree. We need to actually take action. We can talk about how it's a big grift, but how are we actually going to address this? How will we see justice for what is clearly, you just look at it, it's like criminal behavior. The thing that really frustrates me This is all in the domain of the SEC.

The thing that infuriates me, I totally agree. We need to actually take action. We can talk about how it's a big grift, but how are we actually going to address this? How will we see justice for what is clearly, you just look at it, it's like criminal behavior. The thing that really frustrates me This is all in the domain of the SEC.

It's the SEC's job to regulate insider trading and to prosecute it. And the trouble is, everything he's doing because of the fact that we have not established any proper regulation on crypto, so far it's legal. And that's why they're doing it. And this is why I've always called the crypto industry legal crime. This is criminal behavior.

It's the SEC's job to regulate insider trading and to prosecute it. And the trouble is, everything he's doing because of the fact that we have not established any proper regulation on crypto, so far it's legal. And that's why they're doing it. And this is why I've always called the crypto industry legal crime. This is criminal behavior.

It's the SEC's job to regulate insider trading and to prosecute it. And the trouble is, everything he's doing because of the fact that we have not established any proper regulation on crypto, so far it's legal. And that's why they're doing it. And this is why I've always called the crypto industry legal crime. This is criminal behavior.

However, our legislation, as of now, we don't have words to describe it. So it exists outside of the domain of the law. And, you know, the... justification for why people will say, oh, this is legal or the legal justification is these aren't securities. These are memes. So, you know, it falls outside of the purview of the SEC because the SEC is supposed to be regulating securities.

However, our legislation, as of now, we don't have words to describe it. So it exists outside of the domain of the law. And, you know, the... justification for why people will say, oh, this is legal or the legal justification is these aren't securities. These are memes. So, you know, it falls outside of the purview of the SEC because the SEC is supposed to be regulating securities.

However, our legislation, as of now, we don't have words to describe it. So it exists outside of the domain of the law. And, you know, the... justification for why people will say, oh, this is legal or the legal justification is these aren't securities. These are memes. So, you know, it falls outside of the purview of the SEC because the SEC is supposed to be regulating securities.

And my response is like, okay, it's not a security. It doesn't pass the Howey test because it's not actually buying into a business. It's a meme. It's like Beanie Babies, whatever. I don't really fucking care. All I know is that people's money is being stolen through this financial grift. So do whatever you have to do.

And my response is like, okay, it's not a security. It doesn't pass the Howey test because it's not actually buying into a business. It's a meme. It's like Beanie Babies, whatever. I don't really fucking care. All I know is that people's money is being stolen through this financial grift. So do whatever you have to do.

And my response is like, okay, it's not a security. It doesn't pass the Howey test because it's not actually buying into a business. It's a meme. It's like Beanie Babies, whatever. I don't really fucking care. All I know is that people's money is being stolen through this financial grift. So do whatever you have to do.

Why not just create a new bucket, create a new legal bucket, call it meme coins and say, you're not allowed to do this. You're not allowed to insider trade on these meme coins. But the trouble is we're not going to see any of that. We barely saw it with Gary Gensler's SEC, where I actually think he didn't go hard enough on crypto. He just sort of sat there.

Why not just create a new bucket, create a new legal bucket, call it meme coins and say, you're not allowed to do this. You're not allowed to insider trade on these meme coins. But the trouble is we're not going to see any of that. We barely saw it with Gary Gensler's SEC, where I actually think he didn't go hard enough on crypto. He just sort of sat there.

Why not just create a new bucket, create a new legal bucket, call it meme coins and say, you're not allowed to do this. You're not allowed to insider trade on these meme coins. But the trouble is we're not going to see any of that. We barely saw it with Gary Gensler's SEC, where I actually think he didn't go hard enough on crypto. He just sort of sat there.

And then everyone said, oh, Gary Gensler's against the crypto industry because there's no regulatory, it's all regulatory uncertainty. But if he were to get real with it, he'd say this shit is fucking illegal. The trouble is the new head of the SEC, Paul Atkins, he's an outwardly pro-crypto guy. He founded a crypto advisory firm.