Watch Elizabeth Warren Debate Crypto Investor Kevin O'Leary (FTX Congressional Hearing)
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- Опубліковано 29 вер 2024
- At a congressional hearing on the collapse of FTX, watch Senator Elizabeth Warren with crypto investor Kevin O'Leary about whether the same rules regarding money laundering for other currency should also apply to crypto.
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So in other words kick the American off the crypto island?
Works for me fellow Canadians
Elizabeth Warren is reading answers to her own questions when asking O'Leary.
Where did SBF political donations go ? This committee should investigate
She should understand better to put regulation on it.
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" that's what drug compa.... dealers do"
hahaha tell us more Warren
Yeah I caught that as well. Thanks for pointing it out.
Innocent mistake I believe
I caught that as well lol!
Lol, I agree, but really they don't have to. They "legally " sell deadly drugs. 🤷🏽♂️
@@alexbw3067 You're innocent is what I believe.
Kevin O'Leary clearly didn't do his homework before getting involved with FTX
Way too much egg on his face.
He never does homework when he is blinded by greed - ie most of the time
Or, he did, and decided it was a great fraud to become involved in.
I think he did very well
He opted to be a spokesman for the elicit product. If it failed he could claim ignorance
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Put it in Crypto
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When Warren said "when drug companies engage in money laundering", she finally said something I can agree with her on.
freudian slip...hahaha😄
Best comment!
Searched for this. Bravo to you for only making me search down 2 comments!! 😁
I agree! I’m no fan of warren it she’s correct in this instance!
This is a massive issue. Recently libertarianism has been shaken as a concept when you consider the ease at which pharmacies can both launder and tax avoid. The structure of the government has been outclassed and outsmarted by being forced in a corner and must infringe on civic liberties to reclaim control.
Warren is trying to do this exact thing, but the future is beyond her comprehension
Warren: Here’s my question about money laundering
Professor Allen: Thanks for handing me the response you want me to read back to you
🙄
I thought I was the only one that spotted that , this case is a sham 🙄
I can’t stand listening to people who have to read a script. She is a professor, if this is her field of expertise, she should not have to read a prepared statement. Kudos to O’Leary for clearly answering the question, upfront, then providing details to support his argument.
Just because she looks scripted doesn't mean anything. All she did is do her research beforehand and then it looks scripted but really she just did a lot of research and had her notes and was ready to go.
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@@JourneyOnLife
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When he blamed Binance, in spite of everything fraudulent exposed in FTX. That in of itself is a red flag.
There's no question though that Binance helped hasten the collapse of FTX.
@Lovelifehappiness2019
of course, binance played its part... so what in plain and simple terms using customer funds and playing with it is not acceptable 🤔
That's because Binance didn't give sleazy O'Leary a $7 million bribe like someone else did...
I just watched her reading a question while the responder was reading her response. It's like watching two actresses rehearsing for a scene.
same here.. idiotic!
That’s all it is. Even met for 2 hrs prior to the hearing to work out the best lines.
to be fair, this is alot of stuff for one person to understand. She's doing a good job for her age.
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“All the people the crowd admire, will be seen for the true evil for which they dwell with. Evil takes many forms, and it favors the meek and mild.”
Both are choreographed cheats!! Amusing business
Even casinos have anti money laundering protocols
Who is actually against money laundering protocols?
@@robinscapes the crypto guy in the video
@@scambammer6102 you’re as bad as warren at listening…
@@robinscapes and you got s-t for brains. What did he mean by NO then brainyard?
Yes dear, and the mafia isn’t organized crime it’s just a bunch of misunderstood businessman with really big investments in concrete.
Warren forgot to mention the donations from FTX to her party!
😆
Where is the due diligence on that lol ?
To both parties !
True 😂😅😂😅😂
To both parties. SBF admitted to donating to both parties equally
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She invents her own story about the "dark side" of crypto. She is the worst kind of liar.
Asking incredibly complex, long form questions (that are more like statements) and then giving people 30 seconds to reply.
O' Leary was chief marketing officer of the scam
All crypto is a scam
@@4lugan tell me you know nothing about crypto without telling me you know nothing about crypto 🤡
@4lugan A scam that’s regulated more responsibly than what you use.
Elizabeth warren is also a massive liar, she's worth way more than a politician wage should make her. Who lobby's her, big pharma big defence and big banks. She's a hypocrite 😂😂😂😂😂
@@4lugan All non tangible currencies are scam
This is hilarious. Every question the senator asks, the professor reads a pre written response. What a joke.
I noticed that too
Yeah wtf
You’re just sad you fell for the pyramid scheme that is crypto, like a sucker.
That was funny first thing I noticed then listening to warren talk about taking control of crypto reminds me of Klaus Schwab saying he would like to be able to shut down crypto with a push of a button if central banking starts using crypto see where this is going
Felt the same. This reminds me of debate questions thrown at Hillary by MSNBC, CNN anchors who shared the questions to Hillary before debate so she can prep. Don't trust Capitol crooks. Karen is a drama queen...
Kevin seems so much more aware than anyone in the room his mind is open to new things while the rest of the room are pre-scripted robots and repetitive typewriters oml this was painful to watch
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This reminds me of the old saying..."I either want less corruption or more opportunity to participate in it."
In this case, the gov't wants both.
I believe the Dems were participating in this one as FTX founder SBF was a huge Dem donor! Second only to Soros.
Corruption doesn’t go away because more people have more oppurtunity or more laws go into effect
@@jamesjoseph1297 It's an old joke chief, not a valid or feasible solution. SMH
Her political party has received millions from FTX, I wouldn’t be surprised if she would like to also tax Kevin on his capital losses.
Warren Buffet constantly reminding us, that Cryptocurrency is worthless.
Amen my friend....
Elizabeth warren is worthless
God Warren loves the sound of her own voice
She forgot to beat her war drums beforehand.
Thats a democrats for you
They bring experts so they can talk over them. She didn't shut up for more than 10 seconds.
@@thejoyfulartist4317 because the orange man doesnt?? LOL
Orange man bad
I've yet to see a hearing that allows for discussion. They always seem to be more like stages for senators to say what they want to say while cutting off the very people they're asking a question to.
Then you don’t understand crypto!
@@markbantz9699 you're right, I don't really understand it. But what does that have to do with senators not allowing people to answer their questions?
I think the problem is here is speaking of Crypto like it’s an institution,
Crypto is the currency, like a dollar, and you can’t regulate that… you can regulate the firms and banks that keep it though,
That’s the point Kevin was making - you don’t ban Dollar because it’s used for bad things, you regulate agencies that handle it.. and that’s what he expects for Crypto.he also says it’s done in many countries and US should do it.
They tried to cut O'Leary off the moment he said - No
They should've never invited him, he's an idiot, note how he said regulate and when he realized he agreed with Warren he flip-flopped like a trout in the bottom of a boat.
Gave him an out.
he cut himself off. talking out both sides of his az
If Cypto is so bad, why is the government working on a CBDC.....?
Good point! She NOT have enough knowledge I guess, because if she was have that , she knew each crypto transaction you can follow from A till Z!!
Garbage CBDC != Alt Coin Crypto Garbage != Bitcoin
Everybody, the gentlemen here is making a very good point.
Government is greedy. Want a big piece of the crypto pie. Warren doesn't know anything about crypto.
It's like explaining crypto to your grandma
Warren and the professor were performing sketch comedy show.
They didn't even memorize their lines
Kevin is too smart for those people. They are not looking for a solution; they are looking to make headlines.
O’Leary? Too smart? 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
And we KNOW this money went to criminals BECAUSE ITS ON THE BLOCKCHAIN! All the CASH related crime is IMPOSSIBLE to track! So the grandstanding about crypto being a device for criminals is laughable
Is this a commercial for Western Union??? How many times is she going to invoke Western Union? “No money gram?? 🤣🤣🤣🤣
Elizebeth Warren basically was the only person there. It was literally setup for her to say her part and get the answers she already wanted. That was it, point blank… she could have done the meeting herself and it would have went the exact same way. It kills me how did we let these people get where they are… ridiculous debates that are made to go the way of whatever party is in influenced to do.
That's what the government want the population to believe, that's why they put this b itch, it is all a script that she follows given by the dollar controlling gov.
If you want crypto to stay it has to be regulated and follow the same rules as other financial industries.
And you know what? They can't compete
@@chikeumenzekwe2973 Do they pay taxes on transactions
I agree…there was absolutely no point in asking questions if she wasn’t going to listen to the response. Most people in crypto want regulation…just not over-regulation. She doesn’t understand it and doesn’t want to.
She knows so much…
To paraphrase Warren Buffet, the sea went out and O'Leary was caught with his pants down, O'Leary is a clown!
It couldn't be more obvious that the first woman was reading from a script. This is all a show. Make no mistake this is in no way about stopping money laundering, it is about big government getting more control over how we spend our money.
yep 100%, they love to use the terrorist argument, funny how i can acquire as much of their fundamentally worthless USD as i want with zero checks though.
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he lost 10 mil, he still up 5 from his payout for promoting FTX
Yep
Plus 3 million - FTX paid his tax bill on the 15 million. Nice deal. Ever have an employer offer to pay your taxes on your salary?
Money greed...
He also is "down" in reputational harm--which I'm guessing is worth a lot more than $5 million to him:
Shark Tank, O'Shares, go to talking head, etc...
@@SLOWNSTEADY70 he'll find a way to capitalize I'm sure. He'll end up being the face of advocating for crypto investors who lost money, and he'll ride that for a few years.
Every DIME TAKEN by POLITICIANS received from FTX should be given back to the bankruptcy attorney. To be given back to those who lost it. People lost their life savings.
Wait, is it normal? Why are they reading from the paper?
Wtf, Warren is reading a script and Allen is reading her part right back to her. How about get some people in there who know wtf they are talking about.
Anyone else see how they called O'Leary a 'investor' even though he was the FTX spokesman, and paid over 15m?
How could anyone know they were under leveraged?
So now she's admitting crypto is money and not a security. Understood.
orchestrated questions and answers.. What kind of professor is that? She READS everyhing off of her paper in front of her?
a corrupt one, hope shes voted out.
If Alameda took huge losses with users' funds, I'd be interested to know who was at the winning side of that bet, and who in particular took that money home in the end. Who knows, they may have used different accounts to bet against their own Alameda bets, win it with their hidden accounts, withdraw those funds, and then file for bankruptcy once all the money had already left the system.
That is one strategy they are looking at, because Kevin O seems to think they will be able to easily trace where the money went to and what transactions there were over the last 2 years once they get the servers back online and the accounting documentation located.
I think the little rat girlfriend senior trader at Almeda herself ate all the crypto and bitcoin.
Michael Saylor talks about it. They lost user money on FTT… aka they stole that money by selling made up coins to alameda.
@@df170 Giant ponzi scheme on steroids.
Really... That is easy binance won
We know from his own mouth that Kevin O’Leary accepted $18,000,000 of that stolen money. He can be the first to go to prison for participating in the fraud.
No one deserves the torture of having to listen to Warren
It’s amazing that her voters think that she is actually doing a good job.
Nothing better than a lying old politician to tell you why the new tech is scary LOL
Not really, she is
@@MyChannel-ol1zz no she really isn’t
@@alcostello6114 Actually she is
@@MyChannel-ol1zzshe's made 70 million in 2 terms in congress. Net worth of 2-300k before office, over 70 million now. She's done a great job for herself.
She's making it sound like crypto is the new norm for money laundering, when in fact, it's not. I do kinda see the same risk, and same regulation that should be employed here, but they're antagonizing crypto a bit too much. Gotta wait for more updates on this hearing while I dive into Polygen staking, then wait for the next raise to come on their launchpad.
Ok..sounds good..please make the lobbying under the table donations to your fellow senators transparent and please add that to the bill you're proposing...Thank you for caring so much
Why not just answer your own questions? seems like that's what happened anyway
She just wanted him on-record
@@Heyu7her3 her, it's that woman's answers that were scripted
A virtual/fake currency that has no hard value in the real world =what could go wrong.?
like dollar have any value? backed by what air? because is not longer backed by gold from a long time ago… just paper
Someone that asks someone a question then proceeds to not let someone answer the question has no interest in an open dialogue or learning anything.
Don’t US crypto exchanges already do KYC? What are they talking about? Are they simply trying to regulate outside their jurisdiction?
Although I'm not a fan of Kevin O'Leary, can Senator Elizabeth Warren please give him the decency to respond to the question she's asking him without interrupting. What's the point of bringing him there and posing a question when she's going to just interrupt and not let him completely finish and only giving him 30 seconds to respond.
She’s a raging narcissist- along with every other prominent person in that room. It’s a fundamental trait of what got them to the chairs their sitting in, sadly.
That’s what she does in every hearing. She’s a bully.
But it's about Karen. She is not their for the people, fight corruption, or learn from Kevin or anyone else. It's all a show.
@@James_king1 It was fun when she took Wells Fargo to task :)
That my friend is how American politics work. Warren wanted to be the star of the hearing. O’Leary was confident in his responses, and didn’t have to read a script or prepared statement. He made Warren look bad with his responses, thus she had to resort to cutting him off as a power play.
Why not free SBF because he can be a movie star??? Look at Jesse Eisenberg. He will make like $20 million a movie and be more famous than Brad Pitt !!!!!
We have thousands of laws we didn’t have 40 years ago and corruption is highest it’s ever been
well written script, I think they wrote it together over the phone :D
And?
It appears to be the questions were provided to this professor and she did prepare her answers, she just read the prepared answers.
Ugh we need smaller government now
Everyone should study the South Sea Bubble, long ago in history but the principle of greed corrupts is the same.
One of the most corrupt people in government asking questions about this is beyond crazy !
I know… after she lied to her voters about a stolen election and then invited her voters filled with neo Nazis and white supremacist groups to the capital to attempt a coupe and have the VP hung in the courtyard was disgusting and she should be in jail!!!
@@williamv3403 HaHa TDS MUTCH!? go tell it to twitter ! O yea thats right youre kicked off heeeee !
Liar. She helped establish CFPB while O'Leary boosted SBF's criminal enterprise. Get real.
Didn’t Dem party accepted over 40mil’s from Magic Sam? When they planning to return it?
Why did O’Leary get told that he only had 30 seconds just as he started speaking but she gets to speak and interrupt as much as she likes . That’s called bullying. Typical !
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Kevin O'Leary is just trying to talk his way out of jail.
Exactly that. He messed up big time this time
What’s the point of having him there if she’s just going to talk over him and advertise her pork filled bills?
They need to follow all the same rules, and they should have to follow an increased protocol of reporting due to the lack of traceability.
If I give cash to someone when I buy something from him I don't report it, neither does my grocery shop when I buy groceries from them. As for exchanges, yes they are financial institutions. Binance requires KYC and so did FTX I think. More than that you cannot do and it is done already. Problem is that the real criminals are the owners of some of the exchanges as is apparently clear if the charges against SBF are read. More interesting is the fact that he laundered money to the Democratic Party and they accepted it with a smile. Who regulates them and who did their KYC before accepting the funds? And he did not launder crypto to them, he paid them in USD.
Why? Are you against privacy?
You obviously know very little about how public ledgers work. You're thinking of cash. Which is what criminals use.
That Women is just insane. She DOESN'T WANT to listen.
This is a movie script where the actors read the script from the paper for the 1st time.
Its wiered that questions are being read and answers to those questions are also being read. 😁😁😁😁
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Wow the comments section here is full with scammers and frauds!
I always find these hearings hilarious. It’s like Liz is whispering “now say your part that we rehearsed together this morning….”
After the cameras are off out in the hall they all chat and get pats on the back. Hey...thanks for getting the DNC's bank accounts maxed for that midterm, we really appreciated it.
That "professor" is READING her answers?
Did anyone else notice she had a written response to everything Warren. Said?
It seems like Elizabeth is ignoring the fact that cash has been used for money laundering since the creation of it. She just interrupted Kevin O'leary for speaking the fact.
All I see is a Vampire & Pocahontas debating
Mr. Wonderful can wipe the floor with any of these politicians. His knowledge of economics and business is off the charts.
False. By touting and pumping ftx shows that he was only out to make a quick buck. Anyone who has taken 1 class in economics would have been able to see the scam ftx was.
And Politicians prefer cash for their corrupt dealings.
whenever a millionaire or billionaire is in favor of something, be sure to be against it
Elizabeth Warren is worth over 10 mil so yes I agree we should be against her
Questions and answers just read off a peice of paper
The fact she was asked a question and read off a paper tells be this is cropped😂😂😂
"Cropped"?
I dont understand why these senators or representatives always ask them questions only for them to interrupt them and not let them answer
She is 100% in SHOW BUSINESS...
oh, because she wants to run for president
Too many salty crypto crooks in these comments
Criminal activity is the point of bitcoin
these politicians sound unbelievably ELEMENTARY
good luck future generations
💯💯💯
Elon once said that’s why he wouldn’t want people to live forever.
With republicans who needs future generations
2 nit wits trying to see who is nit wit number 1
This can only be applied to centralized entities that want to hold these assets. Otherwise its not possible to apply these rules to the blockchain itself. Theres going to be a massive effort to "partially" regulate something that cant truly be regulated.. not sure if its going to work that well
Agreed. She’s yelling at a problem she can’t put a bandaid on which is probably why Kevin looks as astonished as he is.
Blockchakns could easily be regulated but at what cost? The problem is it would do far more damage than it’s worth. People would have to upload their passport and stuff to the blockchain and then it would be public information. Some portion of the public could misuse that private information. The same thing happens with centralized exchanges because the KYC data eventually gets leaked, there’s just a delay.
It can be regulated. If they are concerned about money laundering and criminal use, KYC is just like any other regulation for any other industry in banking. Once you have KYC in place all transactions are tracible since it's an immutable ledger of transactions. Law enforcement would have an easier time and that's already in place. You can still issue money transfer licenses, you can still tax incomes. There is nothing wrong about crypto, it's just the government have no control over it, and they don't like that because you can't enforce sanctions for example if you don't own such system. It's all about gov fear of losing power. The nature of legacy system exerts control, and Crypto undo all that centralized control since it's the nature of decentralization. So, it's not even hard concept. People like Elizbeth is afraid of losing power and control because people she works for is against true freedom. Swift for example, US weaponize that by freezing assets, apply sanctions which is tyrannical in nature. That's the very reason why USD is losing faith fast. A global network for finance is not supposed to be a weapon or a system for total control. US is anti freedom at the same time claiming to be a free and democratic society. It's a load of crap in the face of truth.
This is going to require regulations
Taking away privacy is more important to these politicians than protecting consumers rights
Your imagination is fruitful.
@5:01 Oooops, the truth slipped out. 🤔
I wish members of congress are also sworn to tell the truth and nothing but the truth during their hearings. Imagine how many of them have lied during hearings.
Lol... She is reading the answer
She wasn’t listening, she was pontificating.
Absolutely. Was difficult to watch. It wasn’t a discussion. She was just pushing her agenda without being open to discussion. Lost respect right there.
But Kevin didn't come to this hearing prepared.