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dplanet.bsky.social
Dplanet
@dplanet.bsky.social
Has the court given a reason? I couldn't see the ruling on the Bucharest Court of Appeals website.
January 14, 2025 at 2:29 PM
Tate’s “crypto revolution” isn’t about you—it’s about lining his own pockets.

It doesn’t matter whether Mario Nawfal thinks the idea is ‘cool’, or Tate says his team of lawyers is confident of approval, the reality is that the SEC (even under Trump) will laugh this application out of their offices.
November 21, 2024 at 8:10 AM
Andrew Tate’s criminal charges and history make it nearly impossible for the SEC to approve any crypto project he’s involved in. Even without a conviction, the risks to investors and the potential for fraud are too great.
November 21, 2024 at 8:10 AM
Reality Check:

Tate’s promises of “making you rich” are pure manipulation. This isn’t mentorship—it’s a cash grab.
He’s not trying to build wealth with his followers. He’s trying to use their desperation to enrich himself.

Don’t fall for it.
November 21, 2024 at 8:10 AM
Even if Tate hasn’t been convicted, the SEC could:

• Flag the project as high-risk.
• Issue a stop order during registration.
• Open an investigation into whether the offering is fraudulent.

Given the severity of the charges, SEC approval is highly unlikely.
November 21, 2024 at 8:10 AM
Tate Understands Market Cycles.

Tate knows the crypto market is heating up and that he has limited time to capitalise on this bull run. His “crypto world tour” is just a ploy to:

1️⃣ Hype up his projects.
2️⃣ Pump worthless coins.
3️⃣ Dump them on his followers before the market cools.
November 21, 2024 at 8:10 AM
Under U.S. securities laws, anyone launching a crypto project must disclose material information that could impact investors, such as:

• Pending criminal charges.
• Potential legal risks to the project.
• Financial uncertainties linked to the founder.
November 21, 2024 at 8:10 AM
One of the charges Tate faces is money laundering. Tate even bragged about getting his cam studio earnings paid in crypto to avoid tax.

Even without a conviction, regulators would likely view any crypto project linked to Tate as a potential vehicle for illicit activity and block it outright.
November 21, 2024 at 8:10 AM
Crypto Already Under Fire:

The crypto market is already heavily scrutinised by regulators due to:
• Fraudulent schemes (e.g., FTX, Celsius, BlockFi, collapse).
• The potential for money laundering.
• Vulnerability to pump-and-dump schemes.
November 21, 2024 at 8:10 AM
The SEC’s job is to protect investors. Allowing someone accused of money laundering and organised crime to lead a crypto project would:
• Undermine public confidence in the crypto market.
• Expose investors to potential fraud or misuse of funds.
• Create a major reputational risk for the SEC.
November 21, 2024 at 8:10 AM
The SEC has stringent rules to protect investors, including the “Bad Actor Disqualification” rule.

This rule disqualifies people from selling securities if they’ve been convicted of:

• Fraud
• Securities law violations
• Financial crimes

Tate's pending charges would trigger intense scrutiny.
November 21, 2024 at 8:10 AM
The charges against Tate:

He’s facing allegations of:
• Human trafficking in continuous form (including a minor)
• Forming an organised criminal enterprise
• Money laundering

These are extremely serious offences that raise immediate red flags with the SEC, even though he hasn’t been convicted yet.
November 21, 2024 at 8:10 AM