News

Find Out Why John McAfee’s Instruction to “Flood” SEC Inbox Didn’t Go Well

In the past few months, cybersecurity pioneer cum undercover agent John McAfee is believed to have instructed his followers to flood the office and mailbox of Jay Clayton who is the Chairman of US. SEC (Securities and Stock Exchange) with emails and calls.
John McAfee also demanded a public debate between himself and the SEC chairman over a boiling issue in the crypto ecosystem — whether or not cryptocurrencies should be regarded as securities under federal law.

The “Compliant” Followers

The followers carried out McAfee’s instruction but with a little twist as a particular follower reportedly instructed ta Clayton on the regulatory status of one cryptocurrency especially: XRP which is arguably one of the tokens which haven’t been publicly regarded as securities. A follower stated;

“Debate John McAfee about ICO securities. They are not securities, and he can educate you.”

According to reports, there was another follower who leveraged on his position being a taxpayer to demand from the SEC chairman (regarding the chairman as his “employee”) to declare that ICOs are not securities with “compliance clause” of which failure to do so will “constitute insubordination…and be reflected in any upcoming reviews.”

Confused Followers?

It wouldn’t take a rocket scientist to discover that some McAfee’ followers do not simply understand his tweet as some took a wrong turn in the email and also in what could be referred to as “twitter mob” which included few insults. Another confused follower clearly thought it was about McAfee’s presidential ambition saying;

 “Greetings Sir, Please debate Mr. John McAfee for US President come 2020. The man got my full support, and I respect him so heartily. Thanks Sir and God bless you.”

Reflections on the Emails Tagged; “McAfee File”

To be sincere in the evaluation of the emails released by SEC in the “McAfee File,” it can be established that the emails lacked coherence as many could not be related to the subject matter.
If the emails were meant to be sent to the chairman as jokes, they would have served their purposes but as a constructive request for debate on ICO as securities didn’t go so well. This turnout is however laughable coupled with McAfee’s ICO-sponsored shirt and “unhackable wallet” claims which he had long dropped.

Related posts
BanksBitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTMarketsNewsUSAxbtusd

Bitcoin Retakes $57K As Hundreds Of US Banks Prepare To Offer Crypto Trading And Custody To Clients

Bitcoin has recouped the losses from recent sell-off after news that the world’s oldest cryptocurrency is soon coming to hundreds of United States banks. Data from CoinMarketCap shows that bitcoin is hovering at $57,091.36 at press time, with 5.47% daily…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTJamie DimonjpmorganNewsxbtusd

My Clients Care About Bitcoin, I Don’t: JPMorgan CEO Jamie Dimon

The trajectory that bitcoin has seen over the last decade has been nothing if not interesting. There was a time where it was popular among top financial executives to denounce bitcoin and declare it is a scam or fraud at…
CoinbasecryptocurrencyCryptocurrency NewsFeaturedNews

How Coinbase is Driving the Crypto Market to the Richest Fintech Hands

Not every cryptocurrency proponent is a fan of the giant exchange platform Coinbase. But if sentiments are kept aside, it is crystal clear that the platform is leading the cryptocurrency market into some of the richest hands the industry will…