# Sec on The No Agenda Show Sec comes up in 81 chapters across 69 episodes of The No Agenda Show, from August 2008 to October 2026. - **Chapters:** 81 - **Episodes:** 69 - **Discussed:** August 2008 – October 2026 - **Related topics:** [Bernie Madoff](https://search.noagendashow.net/topic/bernie-madoff.md), [Goldman Sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [Insider Trading](https://search.noagendashow.net/topic/insider-trading.md), [Harry Markopolos](https://search.noagendashow.net/topic/harry-markopolos.md), [Barack Obama](https://search.noagendashow.net/topic/barack-obama.md), [Bitcoin](https://search.noagendashow.net/topic/bitcoin.md), [Elon Musk](https://search.noagendashow.net/topic/elon-musk.md), [Martha Stewart](https://search.noagendashow.net/topic/martha-stewart.md), [Ponzi Scheme](https://search.noagendashow.net/topic/ponzi-scheme.md), [Bernard Madoff](https://search.noagendashow.net/topic/bernard-madoff.md) ## Chapters 1–20 of 81 ### Securities Fraud and the Ethics of Elizabeth Holmes - **Episode:** [1915: Off The Rails](https://search.noagendashow.net/episode/1915-off-the-rails.md) - **Published:** 2026-10-25 - **Time:** 20:29–24:54 - **Transcript:** https://search.noagendashow.net/episode/1915-off-the-rails/chapter/securities-fraud-and-the-ethics-of-elizabeth-holmes.md Jason Calacanis explains the legal distinction between product hyperbole and securities fraud, using Elizabeth Holmes as a primary example. He details how lying to investors about specific metrics or client lists constitutes a crime, whereas making aggressive product claims on stage is generally protected. The group debates the severity of Holmes's 10-year sentence and her decision to have children before reporting to prison. Keywords: [elizabeth holmes](https://search.noagendashow.net/topic/elizabeth-holmes.md), [theranos](https://search.noagendashow.net/topic/theranos.md), [securities fraud](https://search.noagendashow.net/topic/securities-fraud.md), [sec](https://search.noagendashow.net/topic/sec.md), [steve jobs](https://search.noagendashow.net/topic/steve-jobs.md) ### Brian Armstrong, SEC Crypto Regulation - **Episode:** [1897: Caconian](https://search.noagendashow.net/episode/1897-caconian.md) - **Published:** 2026-08-23 - **Time:** 1:33:29–1:37:38 - **Transcript:** https://search.noagendashow.net/episode/1897-caconian/chapter/brian-armstrong-sec-crypto-regulation.md Coinbase CEO Brian Armstrong discusses the importance of the Clarity Act for providing regulatory certainty in the crypto industry. He argues the bill includes consumer protections to prevent another FTX-style collapse and allows for more efficient capital formation. Adam Curry warns that while stablecoins offer utility, they are "digital dollars" that the government can turn off at will, unlike physical cash. Keywords: brian armstrong, [coinbase](https://search.noagendashow.net/topic/coinbase.md), [sec](https://search.noagendashow.net/topic/sec.md), [clarity act](https://search.noagendashow.net/topic/clarity-act.md), [ftx](https://search.noagendashow.net/topic/ftx.md) ### Strategic Bitcoin Reserve and The Genius Act - **Episode:** [1896: Just Dew It](https://search.noagendashow.net/episode/1896-just-dew-it.md) - **Published:** 2026-08-20 - **Time:** 1:00:48–1:06:09 - **Transcript:** https://search.noagendashow.net/episode/1896-just-dew-it/chapter/strategic-bitcoin-reserve-and-the-genius-act.md President Trump announced the firing of SEC Chair Gary Gensler and the establishment of a United States Strategic Bitcoin Reserve. The administration also passed "The Genius Act," which facilitates the widespread adoption of dollar-backed stablecoins and the tokenization of equities on the blockchain. Financial analysts suggest these moves could drive Bitcoin prices toward $180,000 as the U.S. dollar maintains its status as the global reserve currency through digital assets. Keywords: [bitcoin](https://search.noagendashow.net/topic/bitcoin.md), [gary gensler](https://search.noagendashow.net/topic/gary-gensler.md), [genius act](https://search.noagendashow.net/topic/genius-act.md), [stablecoins](https://search.noagendashow.net/topic/stablecoins.md), [sec](https://search.noagendashow.net/topic/sec.md), [blockchain](https://search.noagendashow.net/topic/blockchain.md) ### SpaceX IPO Valuation and Elizabeth Warren's Delay Request - **Episode:** [1876: Screwball](https://search.noagendashow.net/episode/1876-screwball.md) - **Published:** 2026-06-11 - **Time:** 34:13–39:12 - **Transcript:** https://search.noagendashow.net/episode/1876-screwball/chapter/spacex-ipo-valuation-and-elizabeth-warren-s-delay-request.md Senator Elizabeth Warren sent a 12-page letter to the SEC requesting a delay of the SpaceX IPO, citing concerns over market valuation math and lack of shareholder accountability. Despite the political pushback, the IPO remains highly oversubscribed. Speculation suggests Elon Musk may use the liquidity event to acquire Boom Supersonic. Keywords: [elon musk](https://search.noagendashow.net/topic/elon-musk.md), [spacex](https://search.noagendashow.net/topic/spacex.md), [elizabeth warren](https://search.noagendashow.net/topic/elizabeth-warren.md), [sec](https://search.noagendashow.net/topic/sec.md), [ipo](https://search.noagendashow.net/topic/ipo.md), [boom supersonic](https://search.noagendashow.net/topic/boom-supersonic.md) ### SPAC Investment Opportunities and SEC Regulation - **Episode:** [1786: Best Exit Strategies](https://search.noagendashow.net/episode/1786-best-exit-strategies.md) - **Published:** 2025-07-31 - **Time:** 1:54:46–1:55:28 - **Transcript:** https://search.noagendashow.net/episode/1786-best-exit-strategies/chapter/spac-investment-opportunities-and-sec-regulation.md A listener's white paper on Special Purpose Acquisition Companies (SPACs) prompts a discussion on high-growth investment opportunities. The hosts express interest in "ten bagger" (10x) returns as a potential wealth-building strategy. Keywords: [spac](https://search.noagendashow.net/topic/spac.md), [sec](https://search.noagendashow.net/topic/sec.md), [white paper](https://search.noagendashow.net/topic/white-paper.md), [investment](https://search.noagendashow.net/topic/investment.md), ten bagger, [exit strategy](https://search.noagendashow.net/topic/exit-strategy.md) ### Crypto Enforcement, Chris Christie on Pardons - **Episode:** [1769: Mr. Umami](https://search.noagendashow.net/episode/1769-mr-umami.md) - **Published:** 2025-06-01 - **Time:** 3:03:06–3:08:10 - **Transcript:** https://search.noagendashow.net/episode/1769-mr-umami/chapter/crypto-enforcement-chris-christie-on-pardons.md The Justice Department and SEC have recently rolled back enforcement actions against major crypto exchanges like Binance, coinciding with Trump's embrace of digital currency. Meanwhile, Chris Christie criticized the President's suggestion that he might pardon Sean "Diddy" Combs, arguing it undermines the rule of law. Christie also highlighted the pardoning of white-collar criminals as a concerning trend. Keywords: [binance](https://search.noagendashow.net/topic/binance.md), [sec](https://search.noagendashow.net/topic/sec.md), [chris christie](https://search.noagendashow.net/topic/chris-christie.md), [sean diddy combs](https://search.noagendashow.net/topic/sean-diddy-combs.md), [pardons](https://search.noagendashow.net/topic/pardons.md) ### David Sacks, Stablecoins and US Treasury Debt - **Episode:** [1733: Rat Note](https://search.noagendashow.net/episode/1733-rat-note.md) - **Published:** 2025-01-26 - **Time:** 56:26–1:00:55 - **Transcript:** https://search.noagendashow.net/episode/1733-rat-note/chapter/david-sacks-stablecoins-and-us-treasury-debt.md New crypto czar David Sacks is overseeing a regulatory framework for stablecoins while banning Central Bank Digital Currencies (CBDCs). The strategy involves pegging stablecoins to the U.S. dollar backed by Treasuries, effectively creating global demand for American debt. The hosts discuss how this could flood the world with digital dollars to support the $37 trillion national debt. Keywords: [david sacks](https://search.noagendashow.net/topic/david-sacks.md), [stablecoins](https://search.noagendashow.net/topic/stablecoins.md), [bitcoin](https://search.noagendashow.net/topic/bitcoin.md), [sec](https://search.noagendashow.net/topic/sec.md), [us treasury](https://search.noagendashow.net/topic/us-treasury.md) ### Trump Administration Appointments for Trade, SEC, and NASA - **Episode:** [1718: On The Fritz](https://search.noagendashow.net/episode/1718-on-the-fritz.md) - **Published:** 2024-12-05 - **Time:** 33:57–36:17 - **Transcript:** https://search.noagendashow.net/episode/1718-on-the-fritz/chapter/trump-administration-appointments-for-trade-sec-and-nasa.md President-elect Donald Trump announced several key administration picks, including Peter Navarro as Senior Counselor for Trade and Manufacturing. Paul Atkins has been nominated to lead the SEC, signaling a shift toward a more crypto-friendly regulatory environment. Additionally, billionaire astronaut Jared Isaacman has been tapped to head NASA, with a stated mission of landing humans on Mars. Keywords: [peter navarro](https://search.noagendashow.net/topic/peter-navarro.md), paul atkins, [jared isaacman](https://search.noagendashow.net/topic/jared-isaacman.md), [sec](https://search.noagendashow.net/topic/sec.md), [nasa](https://search.noagendashow.net/topic/nasa.md) ### Bitcoin Surge and the Future of Crypto Regulation - **Episode:** [1712: Data Plateau](https://search.noagendashow.net/episode/1712-data-plateau.md) - **Published:** 2024-11-14 - **Time:** 1:48:38–1:52:27 - **Transcript:** https://search.noagendashow.net/episode/1712-data-plateau/chapter/bitcoin-surge-and-the-future-of-crypto-regulation.md Bitcoin prices surged toward $90,000 following the election as traders bet on a "crypto-friendly" administration and a less aggressive SEC. The industry expects new legislation to reclassify tokens and move away from the current enforcement-heavy approach. There is also speculation that the administration may utilize stablecoins like Tether (USDT) as a mechanism for managing national debt and digital payments. Keywords: [bitcoin](https://search.noagendashow.net/topic/bitcoin.md), [crypto](https://search.noagendashow.net/topic/crypto.md), [sec](https://search.noagendashow.net/topic/sec.md), [stablecoins](https://search.noagendashow.net/topic/stablecoins.md), [tether](https://search.noagendashow.net/topic/tether.md) ### Trump Digital Trading Cards, NFT Securities - **Episode:** [1690: Corn Sweat](https://search.noagendashow.net/episode/1690-corn-sweat.md) - **Published:** 2024-08-29 - **Time:** 2:32:34–2:36:05 - **Transcript:** https://search.noagendashow.net/episode/1690-corn-sweat/chapter/trump-digital-trading-cards-nft-securities.md Donald Trump announced a new "America First" collection of digital trading cards, featuring images of him dancing and holding Bitcoin. Purchasers of 75 cards are invited to a gala dinner at his club in Jupiter, Florida. The hosts note that SEC Chairman Gary Gensler recently classified NFTs as securities, potentially leading to further legal challenges for Trump. Keywords: [donald trump](https://search.noagendashow.net/topic/donald-trump.md), [nfts](https://search.noagendashow.net/topic/nfts.md), trading cards, [gary gensler](https://search.noagendashow.net/topic/gary-gensler.md), [sec](https://search.noagendashow.net/topic/sec.md), [bitcoin](https://search.noagendashow.net/topic/bitcoin.md) ### SEC v. Jarkesy, Seventh Amendment Jury Rights - **Episode:** [1613: Fossil Fools](https://search.noagendashow.net/episode/1613-fossil-fools.md) - **Published:** 2023-12-03 - **Time:** 1:26:31–1:28:52 - **Transcript:** https://search.noagendashow.net/episode/1613-fossil-fools/chapter/sec-v-jarkesy-seventh-amendment-jury-rights.md The Supreme Court hears arguments in SEC v. Jarkesy, a case challenging the agency's use of in-house tribunals for fraud cases. The Fifth Circuit previously ruled that defendants have a constitutional right to a jury trial in federal court rather than an administrative hearing. Keywords: [sec](https://search.noagendashow.net/topic/sec.md), george jarkesy, [supreme court](https://search.noagendashow.net/topic/supreme-court.md), seventh amendment, [administrative law](https://search.noagendashow.net/topic/administrative-law.md) ### Insider Trading Allegations, FDIC Board Coup - **Episode:** [1538: FedNow](https://search.noagendashow.net/episode/1538-fednow.md) - **Published:** 2023-03-16 - **Time:** 2:15:56–2:20:22 - **Transcript:** https://search.noagendashow.net/episode/1538-fednow/chapter/insider-trading-allegations-fdic-board-coup.md The SEC and Justice Department are investigating Silicon Valley Bank executives for potential insider trading after CEO Greg Becker sold $3.6 million in stock weeks before the collapse. While the sale was part of a pre-scheduled 10b5-1 plan, the timing has drawn intense scrutiny. Additionally, the segment references a previous "coup" at the FDIC that replaced the chairman with a more ideologically aligned board. Keywords: svb, [sec](https://search.noagendashow.net/topic/sec.md), [justice department](https://search.noagendashow.net/topic/justice-department.md), [insider trading](https://search.noagendashow.net/topic/insider-trading.md), [fdic](https://search.noagendashow.net/topic/fdic.md), greg becker ### Danske Bank Pleads Guilty to Defrauding US Banks - **Episode:** [1512: Cash is Criminal](https://search.noagendashow.net/episode/1512-cash-is-criminal.md) - **Published:** 2022-12-15 - **Time:** 1:09:19–1:11:47 - **Transcript:** https://search.noagendashow.net/episode/1512-cash-is-criminal/chapter/danske-bank-pleads-guilty-to-defrauding-us-banks.md Danske Bank, Denmark's largest lender, pleaded guilty to defrauding US banks and agreed to forfeit $2 billion to settle long-running money laundering investigations. The case involved $160 billion in illicit payments from high-risk clients in Estonia that were funneled through the US financial system. The settlement includes payments to the DOJ, the SEC, and Danish authorities. Keywords: danske bank, [estonia](https://search.noagendashow.net/topic/estonia.md), [money laundering](https://search.noagendashow.net/topic/money-laundering.md), [department of justice](https://search.noagendashow.net/topic/department-of-justice.md), [sec](https://search.noagendashow.net/topic/sec.md) ### Truth Social Whistleblower, SEC Securities Fraud Investigation - **Episode:** [1496: Deport Greta](https://search.noagendashow.net/episode/1496-deport-greta.md) - **Published:** 2022-10-20 - **Time:** 38:13–40:32 - **Transcript:** https://search.noagendashow.net/episode/1496-deport-greta/chapter/truth-social-whistleblower-sec-securities-fraud-investigation.md Will Wilkerson, a former executive at Trump Media and Technology Group, has filed a whistleblower complaint alleging federal securities law violations. The SEC is investigating claims that the company made fraudulent misrepresentations about its finances to raise capital for the Truth Social platform. The situation highlights the management challenges faced by CEO Devin Nunes compared to traditional Silicon Valley startups. Keywords: [truth social](https://search.noagendashow.net/topic/truth-social.md), will wilkerson, [sec](https://search.noagendashow.net/topic/sec.md), [devin nunes](https://search.noagendashow.net/topic/devin-nunes.md), [trump media](https://search.noagendashow.net/topic/trump-media.md), [securities fraud](https://search.noagendashow.net/topic/securities-fraud.md) ### Show Anniversary, Troll Room, Truth Social Subpoenas - **Episode:** [1464: Bomb Rotterdam!](https://search.noagendashow.net/episode/1464-bomb-rotterdam.md) - **Published:** 2022-06-30 - **Time:** 1:32:34–1:35:14 - **Transcript:** https://search.noagendashow.net/episode/1464-bomb-rotterdam/chapter/show-anniversary-troll-room-truth-social-subpoenas.md The program approaches its 15th anniversary and 1500th episode in October. In tech news, board directors of the SPAC associated with Donald Trump's Truth Social have reportedly been subpoenaed by the SEC. The hosts encourage listeners to move to federated social media like Mastodon and promote the "Troll Room" for live show interaction. Keywords: [truth social](https://search.noagendashow.net/topic/truth-social.md), [spac](https://search.noagendashow.net/topic/spac.md), [sec](https://search.noagendashow.net/topic/sec.md), [mastodon](https://search.noagendashow.net/topic/mastodon.md), [troll room](https://search.noagendashow.net/topic/troll-room.md), [anniversary](https://search.noagendashow.net/topic/anniversary.md) ### Naomi Wolf, Pfizer Document Analysis - **Episode:** [1457: MAGATARD](https://search.noagendashow.net/episode/1457-magatard.md) - **Published:** 2022-06-05 - **Time:** 39:31–45:12 - **Transcript:** https://search.noagendashow.net/episode/1457-magatard/chapter/naomi-wolf-pfizer-document-analysis.md Dr. Naomi Wolf appeared on Del Bigtree's program to discuss her team's analysis of 50,000 Pfizer documents released via court order. Wolf alleges that the documents show the company was aware of serious side effects, including neurological harm and miscarriages, while continuing the vaccine rollout. She characterizes the situation as a "happenstance genocide" due to the intentional exposure of children to known risks. Keywords: [naomi wolf](https://search.noagendashow.net/topic/naomi-wolf.md), [pfizer](https://search.noagendashow.net/topic/pfizer.md), [steve bannon](https://search.noagendashow.net/topic/steve-bannon.md), [del bigtree](https://search.noagendashow.net/topic/del-bigtree.md), [genocide](https://search.noagendashow.net/topic/genocide.md), sec filings ### Elon Musk, Tesla Layoffs and Biden Reaction - **Episode:** [1457: MAGATARD](https://search.noagendashow.net/episode/1457-magatard.md) - **Published:** 2022-06-05 - **Time:** 2:10:38–2:13:48 - **Transcript:** https://search.noagendashow.net/episode/1457-magatard/chapter/elon-musk-tesla-layoffs-and-biden-reaction.md Elon Musk announced a 10% reduction in Tesla's workforce, citing a "super bad feeling" about the U.S. economy. President Joe Biden responded by highlighting investments from Ford and Intel, wishing Musk "lots of luck on his trip to the moon." The hosts speculate on Musk's ongoing battles with the SEC and his potential role as a leader for the "blind and stupid." Keywords: [elon musk](https://search.noagendashow.net/topic/elon-musk.md), [tesla](https://search.noagendashow.net/topic/tesla.md), [layoffs](https://search.noagendashow.net/topic/layoffs.md), [joe biden](https://search.noagendashow.net/topic/joe-biden.md), [sec](https://search.noagendashow.net/topic/sec.md), [twitter](https://search.noagendashow.net/topic/twitter.md) ### Elizabeth Warren, Price Gouging Prevention Act, Market Shocks - **Episode:** [1455: Systemic Rivals](https://search.noagendashow.net/episode/1455-systemic-rivals.md) - **Published:** 2022-05-29 - **Time:** 1:24:39–1:27:52 - **Transcript:** https://search.noagendashow.net/episode/1455-systemic-rivals/chapter/elizabeth-warren-price-gouging-prevention-act-market-shocks.md Senator Elizabeth Warren introduced the Price Gouging Prevention Act of 2022, which seeks to prohibit "unconscionable" price increases during exceptional market shocks. The bill would grant the FTC and state attorneys general the power to enforce price controls on companies with over $1 billion in revenue, a move critics say will lead to increased bureaucracy and failure. Keywords: [elizabeth warren](https://search.noagendashow.net/topic/elizabeth-warren.md), [price controls](https://search.noagendashow.net/topic/price-controls.md), [ftc](https://search.noagendashow.net/topic/ftc.md), [sec](https://search.noagendashow.net/topic/sec.md), [inflation](https://search.noagendashow.net/topic/inflation.md), market shock ### SEC Accountability for Chinese Companies - **Episode:** [1442: Slime Mold](https://search.noagendashow.net/episode/1442-slime-mold.md) - **Published:** 2022-04-14 - **Time:** 2:51:25–2:53:46 - **Transcript:** https://search.noagendashow.net/episode/1442-slime-mold/chapter/sec-accountability-for-chinese-companies.md The SEC added twelve more Chinese companies, including Sohu and Legend Biotech, to a list of entities facing potential delisting from U.S. markets. Under the Holding Foreign Companies Accountable Act (HFCAA), these firms must disclose any links to the Chinese Communist Party (CCP) and allow U.S. audits. The hosts view this as a significant crackdown on Chinese influence in American finance. Keywords: [sec](https://search.noagendashow.net/topic/sec.md), hfcaa, [chinese communist party](https://search.noagendashow.net/topic/chinese-communist-party.md), delisting, [stock market](https://search.noagendashow.net/topic/stock-market.md), sohu ### SEC Climate Disclosure Rules and ESG Mandates - **Episode:** [1436: Frog of War](https://search.noagendashow.net/episode/1436-frog-of-war.md) - **Published:** 2022-03-24 - **Time:** 2:16:57–2:20:07 - **Transcript:** https://search.noagendashow.net/episode/1436-frog-of-war/chapter/sec-climate-disclosure-rules-and-esg-mandates.md The Securities and Exchange Commission (SEC) is proposing new rules that would require public companies to standardize and disclose climate-related risks and their carbon footprints. These mandates, which include reporting on "Scope 3" emissions, are seen as a way to force corporate behavior toward "green" and "woke" agendas. BlackRock CEO Larry Fink is quoted from 2017 regarding the firm's commitment to "forcing behaviors" in the corporate world. Keywords: [sec](https://search.noagendashow.net/topic/sec.md), [climate change](https://search.noagendashow.net/topic/climate-change.md), [esg](https://search.noagendashow.net/topic/esg.md), [carbon footprint](https://search.noagendashow.net/topic/carbon-footprint.md), [blackrock](https://search.noagendashow.net/topic/blackrock.md), [larry fink](https://search.noagendashow.net/topic/larry-fink.md) [Next page](https://search.noagendashow.net/topic/sec.md?offset=20) --- This is the markdown version of a page on The No Agenda Show for AI agents. 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