More than 50 million Americans own a crypto asset.
We need to establish clear rules of the road that protect consumers and encourage financial innovation but limit the regulatory overreach that the SEC is currently engaging in.
https://t.co/uiry4PRnRV
So, @GaryGensler wanted to cement his legacy as a tough regulator but he's only succeeded in looking like an unhinged wombat on a vendetta against #crypto because he couldn't land a job at Binance. Epic fail.
#FireGaryGensler
#SEC sues #Binance & @cz_binance ? What does it mean?
1- it's crystal clear that the sec & current us gov. is attacking the entire industry. Yesterday ripple, Coinbase & kraken, today cz & binance, tomorrow who knows?
2- it's obvious that the embarrassment that current US gov. got because of Sam/FTX scam which was main donator to Biden campaign is also a big factor imo why they want to take revenge of the entire industry
3- I'm not #xrp investor Or Coinbase user or even #bnb fanboy. But as a believer in #bitcoin and #crypto industry, I can only support & FULLY support Binance, CZ and whatever crypto firm against SEC haux
4- keep in mind that till the moment, the US regulators are not providing ANY clear guidelines for our industry. And yet accusing the key players for not following the rules which are not even exist in the 1st place!
5- I am pretty sure Binance will survive this and will come stronger. Same for ripple & Coinbase. And as usual the sec & current dems in office are only bringing more and more embarrassment to themselves.
6- let's keep in mind that in US it's still totally legal to lose your life savings & your entire networth gambling in Vegas but it's still not legal to issue Spot #btc ETF.
7-as per my experience in financial markets. maximum outcome of this is a multi year court or a cash fine to be paid then all is ok.
8- #bitcoin is here to stay. Same goes for the entire $Crypto industry. If you limit the innovation. It will simply move abroad.
Crypto people the time has come to unite our forces and support @binance@cz_binance@coinbase@Ripple@krakenfx and all other crypto service provider who are under attack.
#crypto Innovation is here to thrive
By @Ashcryptoreal 🙌
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