SEC Advisory Group Backs Gensler’s Crypto Efforts But Asks for Industry Guidance

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An SECgov advisory group agreed with Chair GaryGensler that most crypto tokens resemble securities but said the regulator could still provide formal guidance for how the industry can comply with federal laws. jesseahamilton nikhileshde report

Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.U.S. Securities and Exchange Commission Chair Gary Gensler got further reinforcement for his quest to force crypto firms to conform with existing securities laws when his agency’s Investor Advisory Committee backed him up on almost every aspect of his campaign except one: The committee requested that the SEC actually provide formal industry guidance.

“The SEC should consider issuing a request for comment regarding areas where additional guidance is needed related to the application of the federal securities laws to crypto assets,” according to the letter. “The SEC can then use this input to craft additional guidance or propose rules to address issues identified.”

 

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SECGov GaryGensler jesseahamilton nikhileshde US is irrelevant, capital is moving to HK

SECGov GaryGensler jesseahamilton nikhileshde When eth jpmorgan is ready when their useless tech then he’ll tell GaryGensler to withdraw. He works for the banking elite you know. Yup the same corrupt Wall Street wankers that lend against your money. It’s called fractional lending.

SECGov GaryGensler jesseahamilton nikhileshde This just in: Gary Gensler says “ Gary Gensler is right!”

SECGov GaryGensler jesseahamilton nikhileshde Fud to follow Ethereum hype train always.

SECGov GaryGensler jesseahamilton nikhileshde Go away lizard boy

SECGov GaryGensler jesseahamilton nikhileshde SEC staff has a couple of more years of Gary Gensler, of course they would say that.

SECGov GaryGensler jesseahamilton nikhileshde DOT KSM are not securities but software

SECGov GaryGensler jesseahamilton nikhileshde The chairman of said advisory group is directly linked to senator elizabeth Warren so does this surprise you?!

SECGov GaryGensler jesseahamilton nikhileshde

SECGov GaryGensler jesseahamilton nikhileshde Don't follow non-governing bodies for a currency they have nothing to do with (ie creation, upholding, etc to keep 'it' a currency), problem solved.

SECGov GaryGensler jesseahamilton nikhileshde 🚫

SECGov GaryGensler jesseahamilton nikhileshde

SECGov GaryGensler jesseahamilton nikhileshde But if the rule isn't a rule you still have to figure out the rule and then follow it even though It's not a rule. XRPL XRPArmy

SECGov GaryGensler jesseahamilton nikhileshde So folks that like their job agree with their boss, adding sprinkles to their statement to make it seem different...got ya....

SECGov GaryGensler jesseahamilton nikhileshde My lackeys agree with everything I say too.

SECGov GaryGensler jesseahamilton nikhileshde 18th

SECGov GaryGensler jesseahamilton nikhileshde ESSE CARA QUER ROLA

SECGov GaryGensler jesseahamilton nikhileshde Is it a duck or a chicken? A duck cannot be a chicken and vica versa🤷‍♂️

SECGov GaryGensler jesseahamilton nikhileshde So the advisory group agrees with Gensler's regulation through enforcement yet suggests for more regulatory clarity... Sounds clear that they are as confused as the chairman

SECGov GaryGensler jesseahamilton nikhileshde So members of the SEC agree with their boss?!

SECGov GaryGensler jesseahamilton nikhileshde So how entrepreneurs should follow the law if there's no formal guidance? This is ludacris. Also my gif.

SECGov GaryGensler jesseahamilton nikhileshde If difference between currency stability and asset stability isn’t enough to deter making commodities equal to money because of unstable volatility of transport and supply cost, digital assets used like money is a process for transacting fees based on adoption equals value.

SECGov GaryGensler jesseahamilton nikhileshde The advisory group did not have a crypto expert on their panel as Gary had refused to fill the postion with one! I wonder why!? 🤨

SECGov GaryGensler jesseahamilton nikhileshde “hey buddddddy, so totally get it, you’re super right, but mayyyyybe, if it’s okay, tell them where the bear traps are before they step in them? K, love ya lots” -SEC Advisory Board

SECGov GaryGensler jesseahamilton nikhileshde This just states that they are still scrambling to understand and categorize crypto. The key word is “resembles”. Also the fact that they could provide guidance for becoming compliant is the most bullish thing from this organization in months.

SECGov GaryGensler jesseahamilton nikhileshde So the clowns agree with the head clown...

SECGov GaryGensler jesseahamilton nikhileshde That’s actually pretty funny.

SECGov GaryGensler jesseahamilton nikhileshde nobody cares, all leaving US

SECGov GaryGensler jesseahamilton nikhileshde Wait so you're saying that the SEC advisory agrees with the head of the SEC? Lmfao This is clearly what's wrong with the country

SECGov GaryGensler jesseahamilton nikhileshde Two peas in a pod

SECGov GaryGensler jesseahamilton nikhileshde ilmeaalim

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