US Lawmaker: FTX Collapse Isn't a Crypto Failure — It's a Failure of SEC, Bankman-Fried, Centralized Finance – Regulation Bitcoin News

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A U.S. congressman says FTX's collapse isn't a crypto failure but a failure with centralized finance, SEC Chair Gary Gensler, and Sam Bankman-Fried. cryptocurrency defi cefi

Dealing with bad actors “is exactly what he [Gensler] is supposed to be doing,” the congressman exclaimed, stressing:

What is the regulator responsible for this doing, going after good actors in the community, and working backroom deals, it appears, with people who’s doing nefarious things. “We need to get to the bottom of this. We need to understand why Gary Gensler and the SEC were not doing their job,” Congressman Emmer emphasized. “We need to understand how this was allowed to get to the point where people and their savings are getting hurt. That’s exactly what the regulator’s supposed to be taking care of.”

The lawmaker noted that regulators are going after decentralized finance . “This is not what it’s about,” he cautioned, concluding: It’s not about the crypto industry. This is about Sam Bankman-Fried. It’s about the regulator, Gary Gensler, and it’s about centralized finance, which needs to be brought under a regulatory umbrella. Gary Gensler has done nothing to make that happen.

 

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Cefi is always a risky investment, I gave up on it last year after the first signals of scam. Now I'm totally in defi and waiting for OrbiterOne lending platform release

No shit!

Of course because SEC has been looking on whiles several fly-by-night shady pump and dump operations go on at wallstreet in the name of IPOs.

Yep and Gary's hand was caught in that cookie jar!

Don't let them regulate crypto🤯 let’s streakk instead!

Pure deflection..Tom Emmer and his cronies wrote a letter in March trying to get the SEC to stop investigating crypto firms ONE OF THOSE WAS FTX....make of this what you will 🤔

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BNB

BNB

BNB

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GaryGensler Still nothing to say on this?

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Dollar iya elite global.fuck dog.pig

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FACT

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BNB

Don't let them regulate crypto🤯

Hmm you don’t say…

FACT

yea!

ChiefraFba gives the most accurate signals and analysis in my experience

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