Funny that Gensler says he wants to protect investors, but no one in #crypto is asking for that "protection"
Listening to Gensler and it's clear he is laying down the hardest case he can for regulation of digital assets. But my view is that he will likely get his way that most are going to be classified as securities but with a wholesale change to what that means 1/
Gary Gensler just said that companies offering lending products should come into the SEC and discuss how to operate within the perimeter, but @coinbase
tried that in advance of launching LEND and were threatened with litigation.
What would you do?
Kripto paralar için regülasyonlar olması gereken bir ihtiyaçtır.Gensler genel olarak teknolojiyi sahiplenlenen ve yatırımcıyı korumak gayesinde olan bir görüş bildirmiş. Ama bizim başımızda daha büyük bir bela var.48k seviyesinden beri söylüyorum.#Evergrande
If you look at who’s actually behind Gensler it’s all the old money, the traditional finance system.
This is a direct war on crypto and if we don’t fight, we will lose.
I don't see the US making the same mistakes the EU did with internet companies that essentially forced all innovators abroad. It is not in the US DNA.
Gensler's hard line is the start of a long negotiation. Classic negotiating tactics - start ultra tough then compromise.
Gensler saying basically "We thank crypto for showing us that we need to create our own versions of what you created, now we will proceed to burn yours down"
*GENSLER: SECURITIES RULES GIVE SEC GREAT AUTHORITY OVER CRYPTO
STABLECOINS, ACCORDING TO GENSLER, ARE SIMILAR TO POKER CHIPS AT CASINO GAMING TABLES.
"the only people who should be allowed to bet on crypto and make money are banks and established players because elites agree to socialize their losses among the taxpayers" - Gary Gensler
for framing yesterday)
*SEC's Gensler Sees Little Long-Term Viability for Private Forms of Money
*Gensler Comments Came in Discussion About Cryptocurrency
I knew Gensler was really Voldemort
Someone needs to find those horcruxes before he kills crypto. https://t.co/QX3ZyqqEQE
Listening to this Gensler thing and so far it's just talk
Talk talk talk
Feels like the SEC still has no fkn idea what to do
So bullish on $LINK after hearing Gensler talk about DeFi being one of the most exciting areas amongst #Crypto innovation. We are challenging modern day finance. To the moon fellas 🚀 #Chainlink
SEC CHAIR GENSLER: A LARGE NUMBER OF CRYPTOCURRENCY INVESTORS COULD BE HARMED.
I think we can stop simping Gensler.
He's clearly shown antagonistic tactics such as public intimidation, gaslighting, and dishonesty.
There's a clear agenda against crypto and we need to push back instead of engaging in good faith and getting gas lit.
SEC Başkanı Gary Gensler: "Siz paranızı bir platforma yatırıyorsunuz. Onlar da size belli bir kâr vadederek tokenları satıyor. Bu bir yatırım sözleşmesidir. Bazı tokenlar menkul kıymet, bazıları emtia bazıları ise ikisi birden olabiliyor."
bunu fud olarak mı anlıyorsunuz? #btc
SEC Başkanı Gary Gensler: "Tokenların çoğu menkul kıymettir. Menkul kıymetler kuralları SEC’e kripto üzerinde büyük yetki sağlıyor. Birçok kripto yatırımcılarının canları yanabilir."
Ne desin daha. #btc #Bull
Gensler: “Frankly, at this time, it’s more like the Wild West or old world of 'buyer beware' that existed before the securities laws were enacted. This asset class is rife w/fraud, scams & abuse in certain applications. We can do better."
ht Mark Grant
The U.S. market is in a better position to absorb a potential global shock from a major company default compared with the years prior to the 2007-2009 financial crisis, Securities and Exchange Commission chair Gary Gensler said https://t.co/KFMt7ifgiE
A short thread recapping SEC Chair Gensler's Washington Post interview on the future of cryptocurrencies:
Do you think if Gary Gensler got laid in high school, he'd be head of SEC?
Of course not.
You got to spend a long time in your own locker with your underwear shoved up your ass before you start to think,
"You'll see. I'm going to take down crypto twitter! I'll show them."
KING (Bread #20) OF CLOWN WORLD (AS A CAT)@twicrates
okay how do we get nicki to bully gensler guys lets figure this out
Here's why crypto dumped this week:
-someone made a bunch of houses in china and nobody bought them
-gary gensler talked to an old guy about hucksters
stay tuned next week for more
Appears that Gary Gensler is in it for the tech.
And if he keeps this up, soon we all will be too!