Gary Gensler’s Take on Crypto Doesn’t Matter

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We shouldn’t ask: “Is XYZ a security?” We should instead ask: “How much does securities law and regulation matter if XYZ is borderless, decentralized and censorship resistant?” gckaloudis writes for The Node.

for U.S. clients as additional proof.

Never mind how odd it might seem that bitcoiners are celebrating regulation, it’s more useful to think about whether regulation even matters. I’ve written before that “...,” and I still believe that. What actually matters is the SEC’s mandate to enforce laws against market manipulation to protect investors is a valiant purpose, and contending that market manipulation only matters in the context of securities is exactly wrong.The answer is: A lot of people. But the right answer is: No one should.

 

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gckaloudis It does matter though. Gensler is the part of government agency, and therefore their voice.

gckaloudis The point is about transparency and KYC. The difference is when you buy a stock, you are confident the company went thru a process. Ity can be a tokenized stock. When you buy a shitcoin out of 20K shitcoins, you know shit about it.

gckaloudis gckaloudis ur right, borderless, decentralised, censorship resistant cryptos need not fear SEC & Gary Gensler ....that's why lbry & xrp have nothing to fear from SEC, etc neither do the exchanges like kraken .....it's just FUD

gckaloudis smh degengarygensler

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