that basically every crypto project — “everything other than Bitcoin” — could have an SEC target on its back.
Moreover, even if one assumes that a particular token or service were a security, there’s still the matter of registration. And this is where the SEC looks like the hitman bolting the door. Oversight would be most welcome. Congress should go a step further by legislating, first providing a practical registration path for stablecoins.Ostensibly, the SEC wants issuers to disclose stablecoin risks to consumers. The main risk is a stablecoin will “break the buck,” losing 1:1 redeemability with the asset it’s pegged to, such as the U.S. dollar, because the issuer doesn’t have the reserves it claims to.
.................
That guy is incompetent, hi has to be removed from that chair asap
financial hitler
Gensler's agenda runs entirely counter to his legal mandate. He should be removed and investigated. I'm 100% serious.
That’s really a brilliant nickname. Gary the wartime consigliere 🙌🙌
GaryGensler we know it’s you, buddy
Opinion: The SEC should not be left to wage an unsupervised dirty war on crypto. Congress must both defend its oversight authority and give American crypto developers, entrepreneurs and users a clear path to lawfully carry on their business. Providing a common-sense disclosure…
🤡🤡🤡
Yes. It seems very personal for some.
Crypto cannot regulated with conventional laws. Crypto is beyond sec .
GaryGensler
crypto was born from the ashes of 08, they might change directions after all these bank runs, hold money in Bitcoin or ergo are the safest bets ( non VC backed blockchains, pure decentralization…)
Feels like they want regular traditional biz become the winner … the main question is who benefits the most ? Is where to start looking for clues 🕵️♂️
Sack em all. Bunch of corrupt low life’s.
Isn't this CBDC?
On Feb. 9, the SECGov settled allegations that krakenfx’s “staking-as-a-service” program (a way to earn rewards for helping to maintain crypto networks) constituted the illegal sale of unregistered securities.
クリイジーハゲ
Hey CT, Ethereum is not 'highly decentralized' lol
Perhaps you have already posted this news yesterday
Gary Gensler's Take on Crypto Doesn't Matter
Telling a day that amereka didnt hurt the ppl of world is A shot in the dark. Pure evil house
This GUY has got to GO and CONGRESS needs to step in with clear RULES this man is stifling the industry...
AKA 'Gary the American Psycho Chairman'
When these regulations are established, they will definitely have new impacts on the market, good or bad. Cryptocurrency is a global investment product, but there are enough factors that can affect it.
🤔….
Go away from USA 😂
What we need right now is clarity and clear laws designed for crypto, right now they are forcing a square peg through a round hole
The SEC should not be left to wage an unsupervised dirty war on crypto. Congress must both defend its oversight authority and give American crypto developers, entrepreneurs and users a clear path to lawfully carry on their business.
It's the same playbook that Harry Anslinger used to prohibit cannabis. Make something the demon simply to grow your Dept, and influence despite knowing what you are doing is wrong.
The longer US legislators refuse to do their jobs and legislate a clear path forward for crypto, the longer Gensler is allowed to do the banks dirty work for them, the more the US looks like the corrupt banana republic it's becoming.
Crypto cannot be regulated by traditional laws. Crypto is beyond sec . Yes, Congress must step in. Bitcoin altcoin
He's making a mockery of Congress
What applications can be built using Cedro as the infrastructure? 1⃣ Overcollateralized Decentralized Omnichain Stablecoins 2⃣ Peer-to-Peer cross-chain Lending & Borrowing Platforms 3⃣ Cross-chain DEXs 4⃣ Cross-chain Bridge 5⃣ Omnichain Yield Aggregators 6⃣ Cross-chain Perpetual
Crypto can not regulate with traditional laws. Crypto is beyond sec . Yes, Congress must step in.
I’ll make him an offer he won’t refuse
Congress ain’t doing 💩💩 to control the SEC. It’s all a show.
TexasHouse GregAbbott_TX Tedcruz
It began 27 months ago. Many didn't care because it didn't affect them. They care now.
Nice of you cointelegraph to finally wake up. Just too bad you didn't see that ship coming when the SECGov sued Ripple almost 3 years ago. Better late then never I guess 🤷♂️
SecondLive project has come with an interest offer of given us a chance to take part in a web3 Metaverse where web3 inhabitants gather here to facilitate self-expression SecondLiveReal secondlive metaverse web3 gamefi stake bean earn live
Where are they though?
The SEC should not be left to wage an unsupervised dirty war on crypto. Congress must both defend its oversight authority and give American crypto developers, entrepreneurs and users a clear path to lawfully carry on their business.
LocaLaughs They won’t.. they placed him there. Boomers never change
Sec is corrupted
CryptoLawUS Fight back
CryptoLawUS RepFrenchHill GOPMajorityWhip RepRitchie WarrenDavidson FACTS !!
Bought and paid for by your's truly, Blockrock
$GO! and be dammed with him
Overstepping and has / had a conflicting personal interests / comprising actions with regards to crypto, as well. It reeks and he had a not so minor involvement.
Gangster Gary.
He's pissed that his trojan horse SBF was outed and now he's out for revenge
He's protected by the democratic party.
CryptoLawUS Meanwhile let’s have a look at $CAI
CryptoLawUS Congress needs to determine regulations actually
We need protections for crypto's security, let's do it
We need a new regulatory body for digital assets. The US has lost put on so much tax revenue already that could be automated at this stage for small and large crypto transactions...but no it wants to use a legacy methodology and definition whilst losing tax revenue.... OK......