A growing number of industry leaders are speaking out against the Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, amid growing regulatory concerns in the US. Looking at his official X account, Mark sums up the failures of the SEC chairman.
According to Mark, Gary Gensler did not protect any investor from fraud. Mark himself insists that contrary to the SEC's claims and practices, Gensler makes it “almost impossible for legitimate crypto companies to operate.” Killing small and big investors.
The SEC's regulatory ramifications are a major concern for many crypto market participants Coinbase, Finance and Kraken regarding the securitization status of their listed assets.
Specifically, leading crypto-currencies such as Ethereum (ETH), Cardano (ADA), Solana (SOL), and Polygon (MATIC) are considered crypto-currencies, according to the regulator.Investment Agreement
The resulting property classification has sparked many debates. For Ethereum in particular, the industry remains uncertain about what the fate of the product will be when the spot Ethereum ETF is approved, with low approval rates and uncertainty from the SEC. Ethereum has not clarified the situation.
Source: U. Today
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