January 7th, 2025
Contributing writer for Wake Up World
One of Donald Trump’s campaigning promises, while dodging bullets, was firing Gary Gensler on his first day in office. His announcement at a Bitcoin conference in Nashville was met with great enthusiasm and applause. Under Gensler’s leadership, the Security and Exchange Commission (SEC) has lost the public trust. Apart from the outrage, Gensler’s persistent attack on crypto and the hunt for crypto founders brought together 18 states in a lawsuit against the agency for unconstitutional overreach of digital assets.
When the crowd heard Trump making this promise and repeating it twice following the excitement, I thought the war on crypto would finally be over.
Just four years ago, we all saw what happened in Canada under Trudeau’s regime when Freedom Convoy supporter’s bank accounts were frozen. This tyrannical event fueled many people’s desire to get into crypto, real crypto that crypto exchanges, banks, or government entities cannot control. A real crypto must be decentralized, which means self-custodian. This makes you a bank. You are the only person who has the keys to the vault. This power was never given to people since the creation of banks, which took over the role of being the custodians of people’s money. Initially, a bank was where you could keep your money safe and borrow against your physical assets to start a business or take a loan for personal needs. There is nothing sinister about it, and it can be helpful in many cases. However, when banks became a powerful vector of influence, they expanded their role from financial institutions to non-governmental entities dictating the rules and political speech.
Take a known politician in Great Britain, for example. Nigel Farage was recently de-banked for his political views. Although efforts have been made to smear and vilify him in the public eye by connecting him to Moscow, as it is done to many other inconvenient yet prominent political figures, to diminish their influence, this failed and exposed the banking system.
De-banking in modern society is not just a problem; it’s a looming threat, perhaps the most serious you can face if living in a cave isn’t your plan. Your ability to exist and function in a modern society entirely depends on your ability to transact, receive, and pay for goods and services. Not having a bank account means not having the means to participate in society. De-banking is also used to control international affairs. Blocking of assets and trade restrictions is an effective way to dictate foreign policy.
The banking system was in charge before crypto, which appears to be a hedge against sanctions and government control. NatWest closed Farage’s bank account because of his unconventional political views. In other words, Farage was canceled and unable to transact. Farage was denied financial services for exercising his lawful right to free speech. Curtailing and censoring speech is dictatorial and should be unacceptable in a democratic society. However, it exists and is being used as a tool to control.
Just think about it: if such a thing could be done to Mr.Brexit, who makes national news by simply speaking to a camera from the comfort of his home, what can be done to you if your online speech is being flagged for being politically incorrect, a refusal to take a vaccine, or whatever else you might say or do against the mainstream political narrative? This is the power that banks have over all of us. This is why central banks are pushing the Central Bank Digital Currency (CBDC) to usher total control of our lives. If we allow this, we can be wiped out from society by a click. Crypto solves this.
The global elite works hard to undermine and destroy those who threaten the status quo. Following the exposed financial tyranny, Farage said, ‘You could be next. If this situation is left unchecked, we will sleepwalk towards a China-style social credit system in which only those with the correct views are allowed to participate fully in society.’ This is the potential future if we allow central banks to control digital currencies.
Crypto is not just a solution; it’s a beacon of hope that gives you back your power. This is why banks do not like crypto and push hard against it, trying to destroy it. But the power of crypto is undeniable, and it’s a force to be reckoned with.
Here are just a few examples that prove the involvement of banks in the anti-crypto banking campaign.
Interestingly, as I was writing my latest book, UNPLUGGED, Psychedelics, Farming and Crypto, the Three Pillars of Freedom, and reviewing the section on crypto before publishing, I came across a video of Jamie Dimon, the CEO of J.P. Morgan, recommending that Elizabeth Warren, a vehement opponent of cryptocurrencies, who called crypto holder terrorists, shut down crypto during the Senate hearing. After all, synchronicity, or a meaningful coincidence, is not an empty concept. The movement of money outside the banking system and the removal of the middleman is why Bitcoin was created.
According to the Big Bank CEO, the only use case for crypto is criminal activities. This implies that the half a billion people who hold cryptocurrencies worldwide and the thousands of businesses that accept crypto for payment are all criminals. This includes me and you, if you have any. “The only true use-case for it is criminals, drug traffickers, money laundering, tax avoidance. If I was the government, I’d close it down,” Dimon said before the Senate Banking Committee on December 6, 2023.
In the following four-minute video, Rep. Tom Emmer quotes Gensler’s statement from a year ago: “Over the past year several bank executives have shared their concerns with me about the sheer number of depositors who have moved their money out of their bank accounts into crypto-related exchanges and wallets.” Based on this revelation, the SEC’s war on crypto becomes the banks’ war on crypto. Crypto is the enemy of banks. It removes the third party, and that seems to be the problem. Following the recent revelations, calling this a conspiracy theory is no longer possible. Rather, the banks’ conspiracy against crypto is now being exposed.
As we examine the relationship between the SEC and big banks, the war on crypto becomes a conspiracy fact, not a theory. This explains the SEC’s unwillingness to go after real scammers unless forced by publicity, as this was the case with Sam Bankman-Fried. To keep their jobs and justify their salaries, they must show that at least some efforts are made to protect the investors. This is why exposing corruption in both private and government sectors is crucial. Putting entities in the spotlight may be the only way to force them to do their job.
With the new SEC chair, Paul Atkins, a former SEC Commissioner, who is a vocal advocate of crypto and innovation, recently confirmed by President Trump, the agency might regain public trust as current lawsuits against legitimate crypto founders are dismissed and a regulatory capture abandoned. We need a transparent, accountable, and trustworthy federal government. Perhaps Trump’s administration can make this dream a reality, a reality that should never become a nightmare.
This is why we must win the war on crypto. It’s simply a matter of freedom or slavery.
My recent book, mentioned above, explores this subject in depth, and it can expand and deepen your worldview.
The global elite works hard to undermine and destroy those who threaten the status quo. Following the exposed financial tyranny, Farage said: “You could be next. If this situation is unchecked, we will sleepwalk towards a China-style social credit system in which only those with the correct views can participate fully in society.”
This alarming development that Farage exposed should alert everyone, regardless of their country. The tyranny is transnational and has no borders. It’s inclusive, and there is no escape from it unless everyone holds crypto. It comes to your neighborhood next. This is why we need crypto, especially decentralized crypto, that allows self-custody. Removing the middleman and giving power to the people was the essence of the Satoshi Nakamoto ethos, founder of Bitcoin. When transacting freely, we can speak, move, and assemble freely. Freedom to transact is essential and should be embedded in the fabric of our society. If you are scared to express your views, you aren’t free. And if you aren’t free, what are you?
Of course, the majority of people do not understand this simple concept. They view the crypto industry as a giant digital Casino where some people win and others lose money. It is also a place where people get scammed, which does happen. However, it only happens because of the lack of education and transparent and fair regulations.
In the following video, SEC Chair Gary Gensler testified at the House Financial Services Committee on April 18, 2023. When Rep. Patrick McHenry asked him if Ethereum was a security or a commodity, he could not answer. How can the SEC sue anyone for selling unregistered securities if its chair cannot answer this critical question?
The representatives asked him repeatedly, but he never responded. If the regulatory agency cannot provide clarity to Congress, how can it file lawsuits claiming that a digital asset is a security? It would be like a cop arresting you for speeding in a place where speed limit signs are absent and where no one, including the cop, knows what the speed limit is.
Apart from losing your money in crypto by buying the wrong coin, being unaware of the cyclical nature of crypto markets, and buying and selling at the wrong time, you can be defrauded. I am a victim of such a scam. I lost my crypto virginity to a Ponzi. This happened to two million Hyperfund/Hyperverse investors, founded by Ryan Xu. While presenting themselves as a crypto ecosystem, promising people a 300% return on their investment in 20 months, they were nothing but a fraud that ruined millions of lives.
Following a rude awakening, I started an online petition to bring victims together to alert law enforcement agencies of this massive scam. I gathered 2000 signatures, which, along with supportive documentation, was sent to SEC on February 1st, 2023, and other law enforcement agencies in the United States, UK, and Dubai when we heard the Hyperfund executives were hiding. For over a year, I heard nothing back on the subject. My submissions were disappearing into a black hole. Nevertheless, during that time, SEC filed a fraud complaint against Richard Heart (Richard Schueler), on July 31st, 2023, a founder of HEX, who raised 27 million for medical research, wrote a few self-help books, and made them free for people intending to help them improve their lives. He made hundreds of YouTube streams, which are still available to watch and learn from. He made people rich and financially free when his coin HEX went up 10,000 times from its lowest price during the previous bull market. Making no promises, Richard Heart has improved people’s lives, scammed no one but educated the public, and was straightforward with people from the beginning; he was targeted for fraud by the same agency I tried to reach numerous times with actual information on real scammers in hiding. As the 1,8 Billion dollars were stolen from two million people, those responsible for this scam have not been held accountable, and the HyperFund/HyperVerse founder did not appear on the Interpol wanted list. Instead, a serial entrepreneur who retired as a multi-millionaire at the age of 26, Richard Heart, appeared on that list, next to serial killers, fraudsters, and terrorists.
This apparent SEC’s non-congruency made me think. How can this be? An agency that pretends to be a guardian of investors, created to protect them from scammers, is not going after real scammers but targeting legitimate crypto founders and products instead. This made no sense.
It took me a while before I began to think that perhaps it was done on purpose. Who would benefit from keeping the fear of crypto alive in people’s minds if not the banks that need your deposits on their balance sheets? Customer deposits are required to multiply the bank’s ability to borrow money from the Central Bank and make new loans back to the customers. The fleeing of deposits out of banks halts their ability to do this. Thus, a prevailing fear narrative regarding the crypto industry benefits them.
Paul Atkins, the new SEC chair confirmed by President Trump, is a vocal advocate of crypto and innovation. With his help, the agency might regain public trust as current lawsuits against legitimate crypto founders will be dismissed. We need a transparent, accountable, and trustworthy federal government. Perhaps Trump’s administration can make this dream a reality, a reality that should never become a nightmare.
We, the people, should be able to contact federal agencies with our grievances, complaints, and inquiries and receive adequate responses made in good faith. Government bureaucracy and corruption need to be dismantled, and federal agency employees should be reminded that they are public servants paid by the taxpayers to represent them in the government—not godlike creatures who are above the law.
It remains to be seen if, after the inauguration, the federal government’s madness will be cured, or at least somewhat managed, and people like Richard Heart, who scammed no one but helped many, can be left alone and allowed to improve the crypto ethos for all.
Were the charges against Richard Heart made up, or do they have merit? Time will tell as Richard fights the SEC with a powerful team of 11 lawyers. A strong community of 343,000 people expects the case to be dismissed in January 2025. Meanwhile, the SEC suit caused billions of dollars in losses as investors feared for their money. Turning a legitimate crypto founder into a fugitive is a strategy that derails progress.
Meanwhile, 44,000 people signed the amicus brief in support of Richard Heart, something that no ‘’wanted criminal’’ has ever produced in history. In today’s world, an army of people with an internet connection is just as powerful as an army of soldiers. In a digital age, such force should not be underestimated. Just like alternative media has taken over the news, completely obliterating the fake mainstream news media, crypto will take over finance in the future, removing the middleman.
The more I look at it, the more I see a recognizable pattern that entraps its victims like a spider web. Richard Heart is just another victim of this giant web that entraps independent thinkers like Andrew and Tristan Tate, who were arrested and thrown in a Romanian jail for months on charges that never became a conviction. Donald Trump and Alex Jones were put through a hell of alleged charges, threats, raids, and even assassination attempts, all for having the courage to speak against the establishment. The control system seems to fear intelligent, wealthy people who can inspire others to think critically.
It remains to be seen what happens next to Richard Heart, Andrew Tate, Russel Brand, Joe Rogan, and others, who are vocal in their way. But if we don’t support our constitutional right to free speech, John McAfee’s fate could be theirs and, eventually, ours.
About the author:
Sergey Baranov founded Huachuma Wasi, a healing center in The Sacred Valley of the Incas, Peru. He is the author of Path: Seeking Truth in a World of Lies, The Mescaline Confession: Breaking Through the Walls of Delusion, The Cactus of Sanity: Huachuma in a Time of Chaos, Dancing in Hell with Eyes Wide Open: How to Survive the New World Order and UNPLUGGED: Psychedelics, Farming, and Crypto the Three Pillars of Freedom. Sergey’s passion for life on Earth and its preservation is the driving force behind his work.
All of Sergey’s books result from a lifelong spiritual search and nearly two decades of ongoing shamanic practice.
To learn more, please visit www.huachumawasi.com
Follow Sergey on Instagram @huachumawasi
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