WHY WON’T GARY GENSLER ADMIT TODAY’S #ETHEREUM IS
NOT A SECURITY?
A brief 🧵 providing the answer.
[hint: if you own #ETH, you won’t like the answer]
NOT A SECURITY?
A brief 🧵 providing the answer.
[hint: if you own #ETH, you won’t like the answer]
On April 23, 2018 @GaryGensler at MIT Business of Blockchain. 👇👇
Then-former CFTC Chairman Gary Gensler says there is not regulatory clarity in the digital asset markets, and “for @Ripple” & there “needs to be clarity in the market.”
Sounds like a decent fair notice argument!
Then-former CFTC Chairman Gary Gensler says there is not regulatory clarity in the digital asset markets, and “for @Ripple” & there “needs to be clarity in the market.”
Sounds like a decent fair notice argument!
https://twitter.com/leohadjiloizou/status/1438856743002443777
But despite Gary Gensler declaring that there was no clarity in the market for #XRP or #ETH, he is coming after all of crypto. Why should #ETH holders be concerned? He was well aware of @ethereumJoseph, Chris Dixon, and the secret meetings with the @SECGov for an #ETH free pass.
In the video below, Gensler scoffs that
“a group of venture capitalists that went in to the SEC” and how “they’re sort of saying – believe us, we get you, we’re with you, SEC – but we have a bunch of clients who are going to evolve to be a consumable token …”
👇
“a group of venture capitalists that went in to the SEC” and how “they’re sort of saying – believe us, we get you, we’re with you, SEC – but we have a bunch of clients who are going to evolve to be a consumable token …”
👇
https://twitter.com/boy_xrp/status/1457523395717959682
Gensler says:
“I kind of don’t think this is going to work.”
He doesn’t think a token can start out as a security but later develop into something different. Those are the words of our current SEC Chairman. Maybe that’s why he still hasn’t read @HesterPeirce’s Safe Harbor.
“I kind of don’t think this is going to work.”
He doesn’t think a token can start out as a security but later develop into something different. Those are the words of our current SEC Chairman. Maybe that’s why he still hasn’t read @HesterPeirce’s Safe Harbor.
In the👇 video, Gensler states:
“the market needs clarity” and that “the uncertainty as to whether #Ether is or is not a security… it could exist for months but at some point in time it is worthwhile to settle that down or have it fall into the courts.”
Listen yourself: 👇
“the market needs clarity” and that “the uncertainty as to whether #Ether is or is not a security… it could exist for months but at some point in time it is worthwhile to settle that down or have it fall into the courts.”
Listen yourself: 👇
https://twitter.com/XRPeople4/status/1457888341899321346
Even if you hate @Ripple and dislike @bgarlinghouse or @chrislarsensf, you would be a fool to support the enforcement action against them if you believe in any other token other than #Bitcoin
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