SEC chairman Gary Gensler has insisted that clear rules for the crypto industry already exist — despite several exchanges calling for much greater clarity.
"Crypto tokens — without prejudging any of them — you can look at most of them, I'm not going to say a number, and you can find a group of entrepreneurs with a Twitter site, with a website, with individuals ... and I bet most of you are not visited by decentralized, non-existent management. If you're going to get a meeting with somebody from crypto tokens ... there's a human, there's a group of entrepreneurs, or they're paying a lobbyist or a lawyer to meet with you.
The SEC chairman went on to describe crypto exchanges and lending platforms as "storefronts" that need to come into compliance with existing rules — and he was critical of many businesses in the space.
my phone won’t let me open the link properly?
The money I've put into crypto I earned by working AND paid taxes on it. I agree with Gensler with classifying some tokens a security. If I cannot buy due to exchanges being non-compliant, then the SEC is controls what I can buy. Is the money I earned actually MY MONEY?
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cretin 😂😂😂
POSI PARA LUA 🔥💥🚀🌒
NO THEY DO NOT EXIST.
💀💀💀
I think the guidance is in regard to how you can only ride your horse at a walk on sidewalks. Meanwhile, crypto is rolling in with a Tesla and Gensler keeps saying “That’s not a horse!”
👀👀👀
Gensler is a huge joke lol
SEC needs a lesson
It's time for regulators to catch up with the reality of the decentralized world we're building.
This man is hard as f*ck
TheBigFiveToken BFT
Clearly…..clear my throat FTX …FTX
What rules? 'Whatever the SEC decides is the rule?'
exchange arent crypto.
BRISE brise BITGERT BRISESTORM
Perhaps GaryGensler needs to be met with a resounding “BULLSHIT!” every time he attempts to propagate that narrative.
Seems like he has no clue about btc
Gary the gangster.
EKTA
He can say it all he wants, but without a demonstration that they exist doesn't make it so.
hahaha another 200 mil to waste because he isn't going to get it from XRP
HZM_Coin malarab1 HZMCoin NemoLandKingdom Mejhool_app
Then what are they?
He's way in over his head if he thinks the same laws and regulations that apply to stocks should be applied to crypto
👍🫶
The very definition of 'obtuse'
Clear as mud, he can’t answer the Senator.
She knows nothing
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'Your in trouble for breaking clear rules' 'Which ones?' 'I'm not telling you'
Lol he’s purposely being vague
There is literally fuck all as far as rules go for crypto. Are we living the twilight zone guys or what?
What exactly are the rules? When someone from the industry asks you just shrug your shoulders! I hope you rot in jail next to your student SBF
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Is that what the crypto orgs say?
Always the same strategy with these guys! SEC
Are crypto currencies security or commodty?