🚀 Blockchain and cryptocurrencies offer great opportunities for the world economy! However, SEC Chairman Gary Gensler is trying to prevent developments in the USA. 😠 Fortunately, the courts stopped Gensler's efforts. Now, Congress needs to keep Gensler and the SEC in check.
📢 Why is Gensler against innovations regarding cryptocurrencies? Because he's ashamed that he couldn't prevent FTX's massive fraud. Gensler now wants to punish legal citizens in the industry and regulate digital asset companies in the United States.
🏛️ Finally, the DC federal appeals court ruled against the SEC, which attempted to block Grayscale Investments' attempt to convert the Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF. With this victory, there is no sign that Gensler and the SEC will back down.
🇺🇸 Congress must act to prevent future overregulation. In this regard, Tom Emmer took the lead and proposed a change. This regulation would prohibit the SEC from using taxpayer dollars for illegal actions against digital assets.
🤔 What do you think? Is this attitude of Gensler and the SEC acceptable? Share your thoughts in the comments! 💬
📢 Why is Gensler against innovations regarding cryptocurrencies? Because he's ashamed that he couldn't prevent FTX's massive fraud. Gensler now wants to punish legal citizens in the industry and regulate digital asset companies in the United States.
🏛️ Finally, the DC federal appeals court ruled against the SEC, which attempted to block Grayscale Investments' attempt to convert the Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF. With this victory, there is no sign that Gensler and the SEC will back down.
🇺🇸 Congress must act to prevent future overregulation. In this regard, Tom Emmer took the lead and proposed a change. This regulation would prohibit the SEC from using taxpayer dollars for illegal actions against digital assets.
🤔 What do you think? Is this attitude of Gensler and the SEC acceptable? Share your thoughts in the comments! 💬