Today I Want to talk about whether Gary Gensler is about to resign as head of the SEC You may have seen some rumors that he's planning to resign as soon as this month. So are these rumors true? Are they entirely false, or will he be forcibly removed by this new proposed bill? So stay tuned and let's make some money. And now I'll drive straight in with the key information. So crypto Rover Twitter Team Breaking News: Anonymous Officials at the SEC have reported that chairman Gary Gensler is going to resign as early as next month.

well chart. I've added that this is reportedly following an internal investigation into Gary Gensler's activity. So this all started from this article, which I'm going to go through in a second. I'm going to go through this article, talk about whether the rumors are true or false, and then talk about whether Gary guns are resigning is a good thing or a bad thing.

So the article says that SEC sources confirm Gary Gensler's resignation. This is in a stunning Revelation An anonymous official from the SEC has reportedly disclosed that Gary Gensler the Chairman of the SEC has submitted his resignation following an internal investigation. The anonymous SEC official said Gary Gensler has resigned from his position as Chairman of the SEC following an internal investigation into alleged misconduct. It says the details of the investigation are confidential, but the decision to step down underscores the seriousness of the findings.

Another industry Insider commented. Seeing the resignation of Gary Gensler in the wake of an internal investigation is deeply concerning. He said it calls into question the integrity and effectiveness of the SEC under his leadership, and another anonymous source familiar with the matter emphasized the importance of accountability in Regulatory Agencies. They said the SEC has a crucial role in maintaining the Integrity of the financial markets.

When the head of such an institution faces allegations serious enough to prompt resignation, it raises significant concerns about the regulatory framework and the enforcement of those rules. So this is interesting because it's apparently not just one singular individual Source at the SEC, But from what I can make out, there's three individual separate people all talking about Gary Gensler's Resignation. Now this was interestingly fairly quickly followed up by the SEC dismissing rumors of chairman Gary Gensler's resignation. Now one hand, these three individual rumors could be completely false.

or maybe the SEC is just trying to sweep it under the carpet for now until they have a plan to replace him. There's been tons and tons of times over the years where the SEC, the Fed, or the US government or anybody else for that matter has addressed something and brushed under the carpet, saying, no, there is no evidence that that ever happened, only for a year or two later for the truth to come out and then for them to admit it and say, yep, that was indeed happening the entire time. Not just in terms of the stock market or in terms of regulations, but pretty much any kind of news or politics Always gets brushed under the rug saying that it never happened. Only for a year or two later, the truth to come to life.

So maybe these rumors of Gary Gensler resigning in the next few weeks are false. Or maybe they're true. But something that isn't false is this new bill that's been introduced to remove Gary Gensler from its post Warren Davidson and other Senators have entered reduce the SEC stabilization act that would restructure the SEC and remove chairman Gary Gensler from his post. As a result, many people were worried that Hester Pearce would likely replace Gary Gensler as head of the Sec, but Copy and Paste has explained why that wouldn't actually happen.

He tweeted saying the SEC chair is picked by the president of the United States. The nominee is usually picked from outside of the SEC Esther Pierce is a Republican and is therefore highly unlikely to be Biden's pick if Gensler quits. Obviously, Hester Pierce being Republican and not a Democrat mean she'd be unlikely to be picked by President Biden. However, whomever it is that takes the hill as the head of the SEC will likely be no different than Gary Gensler who was effectively just doing as he was told I Think it could be possible that Gary Gensler is being forced to resign after he's recently gone Rogue and has started cracking down on short sellers.

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Depending if you just want five free stocks and that 100 cash reward, all you need to do is deposit just one hundred dollars. If you want more free stocks and that guarantees free share of Tesla or of Google, you just have to deposit the required amount and on top of that, MooMoo is very easy to use. They've got tons of technical indicators and even offer options trading. Many people over the last few weeks have all of a sudden Express their displeasure for Gary Gensler likely because he's potentially turning on Wall Street Maybe it's good that Gary Ginsler is currently going after shorter sellers, especially if he continues going after more short Sellers and specifically larger short sellers.

We do run the risk if Ginzler quits that he's replaced by somebody that's equally as bad or even worse. but I Suppose there's also risk on the other side or the flip side that Gary Ganza could be replaced by somebody that goes after short sellers even harder. Alternatively, the SEC could be restructured into a vehicle that is very, very productive at cracking down on short sellers or a vehicle that is very, very unproductive. I guess at least with Gary Gensler you know what you're gonna get and there's not necessarily a mystery in the air.

However, one thing that isn't a mystery is AMC's cost to buy rate being back over a thousand percent. Monday We can see the cost to borrow averages again 991 percent, the cost to buy maximum a thousand percent, and the cost of our minimum which is hidden by this Arrow but I think it was 551 AMC is still on that threshold Securities list, and therefore whether Gary Gensler resigns the next few weeks or doesn't AMC is still in a brilliant position for a squeeze. Something that is all so very weird is the entire AMC's options chain for both call options and put options has been mysteriously cleared out. This isn't just the options for July, but it's options for July August September December And for 2024 and 2025, and it's now magically mysteriously empty.

Just a few days ago, there was hundreds of thousands of call options and put options, both in the money and out of the money. Through the entire options chain, there was effectively millions of options that were being traded, whereas that's now reduced to pretty much less than a hundred thousand options. Cumulatively, there's even some options dates that have zero options being traded whatsoever for an individual settlement date like the 11th of August or the 15th of September. Now Travis is tweeting about how this is due to the change in LIBOR rate to the new Benchmark rate.

So I wonder if this is cleared out all institutional options entirely and as just just left these retail options instead. I Guess all the call options would be us the AMC Apes that still play call options of which I guess there probably isn't many of us because most of us are just holding and buying more shares and I guess I'm gonna put option inside. You have those paid chills that are effectively being paid to spread misinformation on AMC and are likely trying to capitalize off that as well I Don't know what's actually caused the removal of pretty much the entire options chain frame C but it's very, very interesting that it's happened now of all times when the settlement date for the AMC lawsuit is so so close now. Finally, I Also wanted to talk about this new article.

this new price prediction from Citigroup that is really giving Credit Suisse one dollar Vibes The article says that AMC shares fall after the City group opens their downside 30-day Catalyst watch for AMC saying they see downside pressure in the coming days. Now you may remember the last institution or the last bank thing thinking that AMC was going to drop in price was none other than Credit Suisse which interestingly enough came back to haunt Credit Suisse because obviously they're still holding those toxic derivative liability swaps AMC Cheerleader said if I was a bank, I'd be very careful with what I say against AMC It's likely the banks that are predicting AMC to fall are likely those Banks still holding toxic AMC derivatives and they're not predicting AMC to fall, they're begging for it to fall and that's why Phil tweeted at Charles gasprino asking if he'd seen Credit Suisse lately as they effectively collapsed and had to be taken over by UBS So much for AMC falling to in the ballpark of a dollar to 95 cents because AMC is still going strong. but instead we have these Banks collapsing around us credit Suite has already collapsed and maybe the next victim is gonna be Citigroup But guys, be sure to let me know what you think down in the comments below. And as always, guys, be sure to ding that notification Bell because that way you'll be alerted when I upload a new video.

Cheers!.