1/ SEC Chair Gary Gensler has wrongly prejudged that all digital assets are securities.
As a result, federal law requires that he recuse himself from all enforcement decisions related to digital assets.
@MTCoppel and I wrote a paper explaining why 👇
https://t.co/xgJ09o4SPS
@RegularBore @blknoiz06 There won't be another bull market for crypto. Markets that fail that spectacularly do not recover for another "cycle". They fizzle to 0.
@uhwatbro@KeithMcCullough You really pissed off the crypto losers with this one. Thank you for that. There’s nothing I find funnier than grown men whimpering bc someone shit on the speculative asset that they’ve turned into their entire personality.
🚨 NEWS - Today I filed the SEC Stabilization Act to restructure the @SECGov and #FireGaryGensler.
U.S. capital markets must be protected from a tyrannical Chairman, including the current one. It’s time for real reform and to fire @GaryGensler as Chair of the SEC. Statement ⬇️
Coinbase has repeatedly requested, publicly, for details on these rules.
It has asked for clarity on assets and products it should or should not list.
None were provided.
Imagine getting a speeding ticket if it was impossible to figure out the speed limit.
Never before seen levels of corruptions and fraud can be found among the members of the radical communists anti crypto agenda. @GaryGensler worked closely with SBF before FTX collapsed without protecting any US investors, and even wanted to give FTX special treatment in the US