Tim posed a good question about Gensler and Ms White gave a very misleading answer. The problem with Gensler, et al, wasn't just that they were over-zealous, it's that they were capricious. The crypto industry has been begging the US gov't for clear, clean guidance and a rational regulatory framework. Gensler just sat around inventin…
Tim posed a good question about Gensler and Ms White gave a very misleading answer. The problem with Gensler, et al, wasn't just that they were over-zealous, it's that they were capricious. The crypto industry has been begging the US gov't for clear, clean guidance and a rational regulatory framework. Gensler just sat around inventing random enforcement actions out of thin air.
If you're now complaining about Trump's tariff clusterfork, you should be equally incensed about Gensler.
There's also the conflating of crypto with grifting. While it's true that (unregulated) crypto provides a great vehicle for graft, it's not like it's necessary for Trump. Good grief, the guy hawks Teslas on the WH front lawn!
To be sure, the crypto industry absolutely needs clear and rational guidelines and regulations. We didn't get it with Biden. So far, we're getting a knee-jerk opposing reaction from the Trump admin, which will just make things worse.
Meh.
Tim posed a good question about Gensler and Ms White gave a very misleading answer. The problem with Gensler, et al, wasn't just that they were over-zealous, it's that they were capricious. The crypto industry has been begging the US gov't for clear, clean guidance and a rational regulatory framework. Gensler just sat around inventing random enforcement actions out of thin air.
If you're now complaining about Trump's tariff clusterfork, you should be equally incensed about Gensler.
There's also the conflating of crypto with grifting. While it's true that (unregulated) crypto provides a great vehicle for graft, it's not like it's necessary for Trump. Good grief, the guy hawks Teslas on the WH front lawn!
To be sure, the crypto industry absolutely needs clear and rational guidelines and regulations. We didn't get it with Biden. So far, we're getting a knee-jerk opposing reaction from the Trump admin, which will just make things worse.