The CFTC should not Regulate Crypto

I did a podcast that had a few of the reasons listed below, you can find it here: https://www.podbean.com/ew/pb-gwvs3-131da0f

Also here are just a few of the reasons, there are plenty more that I will talk about soon.

First thing first, Randall is not the owner of My Big Coin (John Roche is, and is listed nowhere in the criminal trial. Imagine being found guilty for a company you didn't own

Randall Crater, Mark Gillespie, John Roche and Michael Kruger were all defendants in the Civil Case, but somehow, only Randall Crater was cited in the criminal case. How is this possible if Randall wasn't the owner and John Roche was?
The CFTC claimed there were 28 victims, but only spoken to one person (they spoke to this person after the case was filed, how can they claim there were 28 victims without speaking to any of them?)

The lead CFTC agent had no clue about crypto currencies, or even what a crypto wallet was.
(How can they investigate something they have no knowledge of and determine if a crime was committed?
The prosecutors and the FBI had exonerating evidence, but the judge helped blocked them from testifying citing the Touhy regulation( based on my research, the Touhy regulation does not apply to criminal cases)
With the judge allowing the exonerating evidence to be suppressed, this violated Randall's 6th Amendment right to a fair trial

THERE IS DOCUMENTNTED PROOF OF FBI WITNESS INTIMIDATION IN THIS CASE

The lead detective for the CFTC claimed that Randall Crater solicited potential customer for MBC Pay but had no evidence on what exactly Randall did as a solicitation, She claims that one email from Randall to John Lynch AFTER Mr. Lynch had already purchased MBC was considered a possible future solicitation (How is this possible?)

During the CFTC's investigation, they did not at any point attempt to reach out to Randall Crater or his attorney, they just filed the lawsuit. (I have never heard of an investigation by a government entity that never actually spoke to the defendant or their attorney before a case was filed

The CFTC has used the My Big Coin case to try to regulate crypto, they even lied to Congress call My Big Coin a Ponzi Scheme, which they knew was false. They mentioned My Big Coin by name in the hearing.

The CFTC cited a cancellation of a contract between MBC and Mastercard as the basis of the False/Misleading Press release for MY BIG COIN Pay 2 days later/ She even acknowledged that MBC and MBC Pay were two separate companies(Furthermore, she never attempted to Contact Adam Tracey, who was listed as the contact for the press release. for any kind of clarity, she just took the cancellation at face value. (again, the cancellation letter was to MBC, NOT MBC Pay

The CFTC agent never tried to verify if the cancellation letter was authentic or not
The CFTC received documents for the investigation from FINRA, but never spoke to anyone at FINRA, nor did she make any attempts to talk with anyone at FINRA

The CFTC took no steps to verify if the MasterCard prepaid cards were ever issued
The attached the cancellation letter in their declaration to the court without every trying to verify it.
The CFTC filed the complaint, and cited that MBC was not backed by gold, and never, I repeat never tried to verify if it was MBC was backed by gold,
The CFTC agent received documentation from Randall, but never tried to verify it.

The CFTC agent testified that the referenced accounts looked like fraud to her, but did not do anything to investigate whether or not fraud was actually committed.

My Big Coin was established in 2014 and was a head of its time, including the USE of Mastercard prepaid cards.
because of the business plan, what happened with FTX was not possible with My Big Coin.

Since Gary Gensler met with the CEO of FTX a couple of times, the CFTC/SEC are the last people that should regulate crypto.
The day after Randall Crater's guilty verdict, legislation was brought to the floor for the CFTC to be the governing body.
Banks have unified to create a programable dollar, which they are now testing. This includes Mastercard.
Mastercard is important, because they bought CipherTrace about 6 months before Randall's trial, and Ciphertrace testified against Randall (Conflict of interest, I believe so)

To bring everything home, Randall was ahead of the times, and did things right. They (CFTC/DOJ) had to get him out of the way. Randall was charged in 2018, FTX was started in 2019. The Democrats were deeply involved in FTX, so again, they had to remove the competition.

FOR MORE INFORMATION: www.TheCongressionalTimes.com

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