so far just talking about regular capital markets 🙄
why does he call Satoshi "she"? I could understand "he or she" or "they".
is he trying to subtly reject Craig Wright = satoshi, through pronoun choice alone? 🤣
rehashing basic groundwork on Howey test...not worth summarizing....
discussing SEC/CFTC collab on 'tokens that have aspects of both commodities and securities'
discussing SEC/CFTC collab on 'tokens that have aspects of both commodities and securities'
great question: 'the appeal of cryptocurrencies is that they're not mediated by banks etc....wouldn't regulation push these to other jurisdictions...are you worried about that?'
Gensler: 'new technologies come along, like the Internetz....I don't think they long exist outside public policy frameworks...only Congress can come and say crypto should be left out of public policy frameworks...the field is rife with fraud, abuse and hucksters'
Gensler (implicitly): I CHOOSE NOT TO ANSWER YOUR TOUGH QUESTIONS ABOUT RECONCILING INTERMEDIARY-BASED REGS WITH DISINTERMEDIATED TECH & INSTEAD WILL REPEAT MY TALKING POINTS AGAIN
this really is the core question and it's not right of him to dodge it--the regulations assume there are intermediaries, the point of the tech is to remove those intermediaries...so under current laws how can you do anything but ban the tech???
question: wen Gamestop SEC report?
Gensler:
Gensler:
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