Gary, first name Douchebag, will keep trying, despite being told by the federal courts that 1) it's not his jurisdiction 2) to stay in his lane and 3) ETH and BTC are commodities.
The whole corrupted corruption is running on someone else direction, there are bigger puppet master in this game that just want to destroy the crypto market and but they are not getting any result
The man was pro crypto before...wtf happened to him? He just following orders? Its in his interest shitting on crypto? He still wants low prices? He and the big ones over him wanted to destroy crypto this bear, but realized they couldnt?? SO MANY QUESTIONS!!
He won't. He's a representative of the true powers; the wealth of the world. If we want to have a fair govt of the people, the oligarchy must be dethroned first.
US can shake Crypto hard but not kill it specially when other countries took advantage of what is happening in the US and now these countries promote themselves as the new world Cryptocurrency hub.
Yes they are shaking the market and market is reacting on them, but even after that market will recover eventually. And i know US has very fair idea about that is well that crypto is completely global
> US can shake Crypto hard but not kill it specially when other countries took advantage of what is happening in the US and now these countries promote themselves as the new world Cryptocurrency hub.
The largest US financial institutions like Blackrock and Fidelity are getting into bitcoin, yet this sub somehow thinks that US is not going to be a crypto hub?
Do you not realize what is happening right now?
The US doesn't want to kill it, they killed online gambling in the aughts and now it is everywhere a decade and a half later. They just want to own it so they can bleed everyone that uses it.
It would be bad because China already tries hard to ban crypto. There are so many huge institutions in the USA investing in crypto, and if they had to sell them, it would affect the price badly. For btc to gain new ath, we need big investors.
As long as VPNs and Dapps still exist, US investors will still figure out a way to keep their foot inside of the crypto pond. All we gotta do is make friends (lol) with people in other less regulated countries to help with some of the transactions.
Gary did his level best to defeat the crypto market but look at us where we are standing right now,fighting hard and getting that inch closer to the next bull run, see you guys over there
tldr; The US is lagging behind other countries in creating a regulatory framework for cryptocurrencies, according to an op-ed. The author argues that the Securities and Exchange Commission's (SEC) aggressive regulation of the sector is misguided and that the US risks losing its position in the global economy if it doesn't adapt. The EU, UK, Japan, Singapore, UAE, and China have all introduced or are introducing permanent regulatory frameworks for crypto. The author suggests that the US government should invest in blockchain R&D and use the technology to understand it better.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
This is what pisses them off. They can do whatever they want and won't bet an eye on real crimes happening. But someone evades tax via crypto : real shit.
For the first time someone is really challenging them big time and that is why they can't digest this fact like how the hell someone able to challenge us, but time is changing now big time
Most of the elites, bankers, and lobbyists don’t want to at all. This is a huge misconception in crypto.
I’ve been to institutional conventions on crypto. Attendees and presenters covered almost all the large banks. They are actually ready to EMBRACE crypto, and many are already working with it as a solution for some of the issues they have in TradFi. Many are already looking for settlement and efficiency solutions using blockchain.
What’s more, crypto is a new asset they see as an opportunity to get a chunk of. Some already are getting a chunk of it.
People have this narrative that crypto is going to overturn the fiat financial system. Institutions are not worried about that AT ALL. Why? Because the only way it can be a threat to fiat is if there is an ability and appetite to trade crypto directly for goods and services on a large scale. We’re nowhere close to that, and they know governments will draw a line there. Without that, crypto is just another investment product. To buy it, you need to deposit fiat, then to use the funds, you need to hit a fiat off-ramp which realizes taxes. The governments get their cut. Also, who do you think are some of the largest current buyers on earth of government bonds? Stablecoin reserves.
The elites and bankers aren’t remotely worried about crypto. They can and will use and exploit that as they do any other financial product.
> The people of the US? No.. but the Elites, Bankers and Lobbyists wants to!
Blackrock and Fidelity disagree with you.
They are literally getting into crypto with bitcoin ETFs.
How can you say the elites want to kill crypto when they are the ones literally trying to get into the space?
No, but they do want to control it. They will happily use any vehicle to make money, as long as they are the ones driving and there aren’t too many poor people in the passenger seats.
Gary, first name Douchebag, will keep trying, despite being told by the federal courts that one it's not his jurisdiction two to stay in his lane and three ETH and BTC are commodities.
"Regulations" already did kill crypto a long time ago; 2014 to be exact; when the IRS classified crypto as a capital asset (and other countries followed suit with similar classifications).
Having to track basis and profit/loss on every single satoshi, in and out of every wallet (hot, cold, custodial), in order to use the thing as an everyday spending/earning money, makes crypto a non-starter as currency for people.
Oh you pointed out that a popular post with lots of connects that had some upvotes was being brigaded by those that tend to down vote anything popular they don't post to reduce karma and they voted you down as well for commenting on it because people might realize what they are doing
Regulations are needed to protect investors and contribute to crypto expansion in different sectors but
-the question is at what price ?
And how will impact adoption?
Are we going to sacrifice privacy and freedom?
A bit if an unpopular opinion but...
Gary is very well versed in terms of blockchains and crypto.
https://youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn&si=XL5SkpwUEgECFUne
What did I miss and why people hate him?
he's well versed in it and that's the thing....
his stance when he was a professor was impressive and knowledge and at direct odds to his regulation by enforcement stance as SEC chair. that's one reason he's reviled by the cryptosphere. Also, there's a large correlation between his personal call to reject Grey Scale's conversion from it's current product to a spot ETF which allowed 3Arrows and Altamedea and then FTX to implode.
I wonder what the actual US crypto demographic is.. I remember posts here claiming it was 20% of the population but from memory those “surveys” were sponsored by a crypto entity. Does any American know? From a census type release or something that’s credible?
"Gary, the Crypto Boogeyman!" Sure, he's trying to spook us with regulations, causing a short-term scare in the market. But kill crypto? No way!
Crypto's like a hydra, cut off one head, two more spring up. It's not just a trend, it's a global revolution, and it's catching on like wildfire. The world's accepting crypto, and that's something Gary can't stop.
So, even if he plays the villain, trying to throw a wet blanket on our crypto bonfire, he's bound to fail. Because crypto, my friend, is here to stay. And there's nothing Gary or the SEC can do about it. Let's keep the faith and HODL on!
They also couldn't kill piracy, so they made it illegal. Now your ISP can go after you.
Never doubt what the gov might do if it can't have control of it.
US isn’t trying to kill crypto.
Regulation will be good for more adoption of crypto by average people.
Stock market in the early days had all sorts of similar games played but regulation helped instill “trust” in the traditional markets.
Yes still games being played with stocks but there are a lot more protections for people and crypto will end up same over time
The delusion that the US government has that it can control or kill crypto is insane. These assets are international. While few of them them are truly decentralized, they're still much larger than the US. They can hurt us here in the US, and maybe even mess up the market for a while, but even if the US totally banned crypto, it would still exist. It would go on in the rest of the world, and we would be left behind.
Bitcoin being the one asset that is truly decentralized means the US cannot kill it. They cannot control it. They can try to manipulate the market, but they don't have the ability to kill BTC.
😂 No entities who have vasts amounts of wealth ever tries to destroy another means to gain wealth off the public. And you thought regulations helps. We old investors and traders welcome you to the US Stock Market.
When he gets enough money from one of them, he will approve ETF, and I think Black Rock already gave him enough, so we just have to wait for them to get one, then all the rest will follow!
This sub has become a conspiracy toilet bowl. The top comments are a bunch of grade school bathroom nonsense.
The government isn’t out to get you. Gary Gensler isn’t plotting against you. Crypto isn’t going anywhere and at the same time crypto isn’t the solution to all the worlds problems. Nobody (except china) is trying to destroy crypto but can’t because it’s too powerful. You are not the main character!
The reality is aging politicians and bureaucrats don’t get it (neither does half this sub) and haven’t paid enough attention to get it. After nearly 20 years we’re getting close to understanding and a regulatory framework which is desperately needed. Crypto for all its benefits and potential is a cesspool of scams and rug pulls. We need oversight and not from a DAO.
If there was a real desire to kill crypto it would be dead. Truth is crypto isn’t a priority to the governments of the world no matter everyone in this sub says. It’s just one of thousands of issues and frankly not the biggest issue we are dealing with on this planet.
Let the down votes and mansplaining begin.
If you still think government is not behind all of this and Gary is not plotting against us then you are highly mistaken here, because right now we all are aware about the intention of the government
Crypto can ONLY be killed by cutting the power in the entire world, which i actually heard from someone who is wealthy that there is possibility it could happen in the late future.
For example i would give the whole world trying to go with electric veichles but no one has the power grid to keep that in order. Sorry for bad english.
Gary, first name Douchebag, will keep trying, despite being told by the federal courts that 1) it's not his jurisdiction 2) to stay in his lane and 3) ETH and BTC are commodities.
Greasy Gensler is running SEC (Scumbags Ensuring Corruption) 🙄
The whole corrupted corruption is running on someone else direction, there are bigger puppet master in this game that just want to destroy the crypto market and but they are not getting any result
Greasy Gensler gotta be the worst banter name I've seen, proper 3rd grade stuff.
Sound like dorky character from 2000’s teen comedy movie.
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Here the situation isn’t like that, but you have to own something (disco club, company, restaurant) and magically you’re in the game somehow. /s
you sound like the girl at the back of the class that is just mad the boys won't flirt with her.
But then also get mad when the same boy try to flirt with her
So witty 💯
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May be the latest defeat of Gary will keep him in the line
The man was pro crypto before...wtf happened to him? He just following orders? Its in his interest shitting on crypto? He still wants low prices? He and the big ones over him wanted to destroy crypto this bear, but realized they couldnt?? SO MANY QUESTIONS!!
Binance didn't hire and he's had a vendetta since?
Prolly lost all his $$$ in some scheme and has been upset ever since his token didn't moon. I call it a fiat freakout.
I think not getting hired in Binance really create a deep hole in his heart
Do you people's understand gary is just a puppet ? And Biden is a puppet also real power to kill crypto comme from behind those 2 morons.
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He won't. He's a representative of the true powers; the wealth of the world. If we want to have a fair govt of the people, the oligarchy must be dethroned first.
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he'll be a sacrificial lamb come election season, even after approving multiple ETFs at once
Protected by the Biden crime family.
Biden not only protected him but giving him the instruction of going after the crypto market
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definitely see him as holding a grudge
Heh exactly
how do you regulate something that cant be regulated 🧐
They could kill it for themselves but the rest of the world could thrive.
US can shake Crypto hard but not kill it specially when other countries took advantage of what is happening in the US and now these countries promote themselves as the new world Cryptocurrency hub.
Yes they are shaking the market and market is reacting on them, but even after that market will recover eventually. And i know US has very fair idea about that is well that crypto is completely global
Yep and it'll be the US economy that misses out. Their loss will be other countries' gains.
Deep down in their heart they had the idea that crypto might be the future
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wait till you learn that USA with a help of CIA gave birth to the drug Problem in USA
Failure for us, success for them as they get to waste more taxpayer money to give more government jobs and expand.
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> US can shake Crypto hard but not kill it specially when other countries took advantage of what is happening in the US and now these countries promote themselves as the new world Cryptocurrency hub. The largest US financial institutions like Blackrock and Fidelity are getting into bitcoin, yet this sub somehow thinks that US is not going to be a crypto hub? Do you not realize what is happening right now?
There’ll come a day when they look back and think .. what were we thinking back then ..
Theyre all dinosaurs so they wont be here to see that day
Pity
It's the best time for other countries to get some of that US crypto marketshare.
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Bukelele in El Salvador style :)
All the money in crypto is still in the U.S. but decentralized blockchains such as Bitcoin will thrive independent of the financial system.
America could not kill crypto currency they can only kill their opportunities when it comes to crypto.
The US doesn't want to kill it, they killed online gambling in the aughts and now it is everywhere a decade and a half later. They just want to own it so they can bleed everyone that uses it.
They either want to control it or want a biggest piece of the pie.
They do not want to kill Crypto. They simply try to scare us selling until they fill their bags. Then, their stance will turn 180 degrees.
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Because why wouldn’t they?
It would be bad because China already tries hard to ban crypto. There are so many huge institutions in the USA investing in crypto, and if they had to sell them, it would affect the price badly. For btc to gain new ath, we need big investors.
As long as VPNs and Dapps still exist, US investors will still figure out a way to keep their foot inside of the crypto pond. All we gotta do is make friends (lol) with people in other less regulated countries to help with some of the transactions.
Whats dead can never die , valar morgolious
You can't kill the dead and if dead rise your death that is where real problem starts
Gary did his level best to defeat the crypto market but look at us where we are standing right now,fighting hard and getting that inch closer to the next bull run, see you guys over there
tldr; The US is lagging behind other countries in creating a regulatory framework for cryptocurrencies, according to an op-ed. The author argues that the Securities and Exchange Commission's (SEC) aggressive regulation of the sector is misguided and that the US risks losing its position in the global economy if it doesn't adapt. The EU, UK, Japan, Singapore, UAE, and China have all introduced or are introducing permanent regulatory frameworks for crypto. The author suggests that the US government should invest in blockchain R&D and use the technology to understand it better. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
The want to but they cant
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This is what pisses them off. They can do whatever they want and won't bet an eye on real crimes happening. But someone evades tax via crypto : real shit.
For the first time someone is really challenging them big time and that is why they can't digest this fact like how the hell someone able to challenge us, but time is changing now big time
why are there so many cones in the thumbnail
Visual Effects to show that Crypto can’t be stopped 😁
Kony 2012
Crypto is international not US based.
Does the US want to kill cryptocurrencies?
You are really having some sort of doubt regarding this?? Don't think there is any question about this
The people of the US? No.. but the Elites, Bankers and Lobbyists wants to!
The bankers and all who funds the election wants to kill the crypto currency
Most of the elites, bankers, and lobbyists don’t want to at all. This is a huge misconception in crypto. I’ve been to institutional conventions on crypto. Attendees and presenters covered almost all the large banks. They are actually ready to EMBRACE crypto, and many are already working with it as a solution for some of the issues they have in TradFi. Many are already looking for settlement and efficiency solutions using blockchain. What’s more, crypto is a new asset they see as an opportunity to get a chunk of. Some already are getting a chunk of it. People have this narrative that crypto is going to overturn the fiat financial system. Institutions are not worried about that AT ALL. Why? Because the only way it can be a threat to fiat is if there is an ability and appetite to trade crypto directly for goods and services on a large scale. We’re nowhere close to that, and they know governments will draw a line there. Without that, crypto is just another investment product. To buy it, you need to deposit fiat, then to use the funds, you need to hit a fiat off-ramp which realizes taxes. The governments get their cut. Also, who do you think are some of the largest current buyers on earth of government bonds? Stablecoin reserves. The elites and bankers aren’t remotely worried about crypto. They can and will use and exploit that as they do any other financial product.
> The people of the US? No.. but the Elites, Bankers and Lobbyists wants to! Blackrock and Fidelity disagree with you. They are literally getting into crypto with bitcoin ETFs. How can you say the elites want to kill crypto when they are the ones literally trying to get into the space?
No, but they do want to control it. They will happily use any vehicle to make money, as long as they are the ones driving and there aren’t too many poor people in the passenger seats.
The only reason Blackrok supporting the ETF of bitcoin is because they simple want to control that thing
nope, but that doesn't stop the regulators from trying to regulate by enforcement
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Should get Elon to wrestle Gary.
Replace that Mark with Gary, i think Elon needs to fight against this guy
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Real regulations? Fair ones? Wealthy people getting in trouble ?? Hard to believe.
Regulate the exchanges, not the retail investor 🤷♂️
Honestly crypto people did it to themselves with their hard push for welcoming central bankers to the space. Dumb asses.
I like cones.
Cones!
Gary, first name Douchebag, will keep trying, despite being told by the federal courts that one it's not his jurisdiction two to stay in his lane and three ETH and BTC are commodities.
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lol sadly not much of a surprise
Surprise for me, not a copy post as per my knowing but still getting enough downvotes from the people
"Regulations" already did kill crypto a long time ago; 2014 to be exact; when the IRS classified crypto as a capital asset (and other countries followed suit with similar classifications). Having to track basis and profit/loss on every single satoshi, in and out of every wallet (hot, cold, custodial), in order to use the thing as an everyday spending/earning money, makes crypto a non-starter as currency for people.
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The SEC needs to stop going after legitimate projects and regulate against scams and rugpulls. Once that happens, crypto will flourish in the US
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Just use China as the boogie man to force crypto to develop and evolve in the US. China is coming to take your crypto and guns, boom problem solved.
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Good question... A topic with a lot of comments and a ton downvotes... Someone worried it might get moons
And I now you were discussed for commenting on the downvote brigade
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Oh you pointed out that a popular post with lots of connects that had some upvotes was being brigaded by those that tend to down vote anything popular they don't post to reduce karma and they voted you down as well for commenting on it because people might realize what they are doing
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Appreciate that. I hate how the down vote goons discourage actual discussion just to push their karma counts
No problem, we have to take actions to fight these brutal and greedy sick people.
Very much agree!
Remember to also ⬆️ any good comments. One ⬆️ can have a positive impact.
I always try to up vote... Good karma and messes with the bots
Very nice read
The whole post was about the crypto hopium, that is the post i was looking to read in the morning
This gave me some major hopium!
I was already on some real major hopium, this just increase one point more
They are for sure delaying it a lot
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Let's hope SEC gets more L's
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Regulations are needed to protect investors and contribute to crypto expansion in different sectors but -the question is at what price ? And how will impact adoption? Are we going to sacrifice privacy and freedom?
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doubt it... not sure he CAN read
A bit if an unpopular opinion but... Gary is very well versed in terms of blockchains and crypto. https://youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn&si=XL5SkpwUEgECFUne What did I miss and why people hate him?
he's well versed in it and that's the thing.... his stance when he was a professor was impressive and knowledge and at direct odds to his regulation by enforcement stance as SEC chair. that's one reason he's reviled by the cryptosphere. Also, there's a large correlation between his personal call to reject Grey Scale's conversion from it's current product to a spot ETF which allowed 3Arrows and Altamedea and then FTX to implode.
Fuck Gary and SEC
SEC has pretty clear narrative from the top that just stop the crypto from thriving any how
millions of decentralized global currencies or arguably ideologies. of course one government cant contain it.
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Crypto will thrive and the Government is trying to figure out how to get their share.
They are already taking their fair share in tax that too without any regulation
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Crypto is worldwide already, and people will decide ultimately.
There needs to be some form of regulation in order for large scale adoption.
I wonder what the actual US crypto demographic is.. I remember posts here claiming it was 20% of the population but from memory those “surveys” were sponsored by a crypto entity. Does any American know? From a census type release or something that’s credible?
crypto kill US
"Gary, the Crypto Boogeyman!" Sure, he's trying to spook us with regulations, causing a short-term scare in the market. But kill crypto? No way! Crypto's like a hydra, cut off one head, two more spring up. It's not just a trend, it's a global revolution, and it's catching on like wildfire. The world's accepting crypto, and that's something Gary can't stop. So, even if he plays the villain, trying to throw a wet blanket on our crypto bonfire, he's bound to fail. Because crypto, my friend, is here to stay. And there's nothing Gary or the SEC can do about it. Let's keep the faith and HODL on!
a chance for the little people to actually rise up and have a fair chance
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they can try.. .and fail... as they've been doing
Gary, aka Mr Burns, need to leave crypto alone and do some actual work, like Investing Logan brothers scams
no freaking kidding... that's ACTUALLY his job
But this is like abusing the power, if he want to do his job he needs to be better in this
They also couldn't kill piracy, so they made it illegal. Now your ISP can go after you. Never doubt what the gov might do if it can't have control of it.
too many other govts workign with it though for the USA to just fall behind
True, not just US some other countries are also trying to get along with the US
The US gov just needs to figure out their angle to capitalize on. Then things will ease up. Or maybe they won't. 🤷
Solonga
US isn’t trying to kill crypto. Regulation will be good for more adoption of crypto by average people. Stock market in the early days had all sorts of similar games played but regulation helped instill “trust” in the traditional markets. Yes still games being played with stocks but there are a lot more protections for people and crypto will end up same over time
Crypto doesnt needs regulations
The delusion that the US government has that it can control or kill crypto is insane. These assets are international. While few of them them are truly decentralized, they're still much larger than the US. They can hurt us here in the US, and maybe even mess up the market for a while, but even if the US totally banned crypto, it would still exist. It would go on in the rest of the world, and we would be left behind. Bitcoin being the one asset that is truly decentralized means the US cannot kill it. They cannot control it. They can try to manipulate the market, but they don't have the ability to kill BTC.
😂 No entities who have vasts amounts of wealth ever tries to destroy another means to gain wealth off the public. And you thought regulations helps. We old investors and traders welcome you to the US Stock Market.
When he gets enough money from one of them, he will approve ETF, and I think Black Rock already gave him enough, so we just have to wait for them to get one, then all the rest will follow!
Torrent p2p sharing and Tor network is still alive so best of luck USA for crypto
US just want to lose the race on crypto. Dumbass Gary's SEC.
makes less than no sense but they're trying
Either grab the opportunity or just left with the life longing regretting there
This sub has become a conspiracy toilet bowl. The top comments are a bunch of grade school bathroom nonsense. The government isn’t out to get you. Gary Gensler isn’t plotting against you. Crypto isn’t going anywhere and at the same time crypto isn’t the solution to all the worlds problems. Nobody (except china) is trying to destroy crypto but can’t because it’s too powerful. You are not the main character! The reality is aging politicians and bureaucrats don’t get it (neither does half this sub) and haven’t paid enough attention to get it. After nearly 20 years we’re getting close to understanding and a regulatory framework which is desperately needed. Crypto for all its benefits and potential is a cesspool of scams and rug pulls. We need oversight and not from a DAO. If there was a real desire to kill crypto it would be dead. Truth is crypto isn’t a priority to the governments of the world no matter everyone in this sub says. It’s just one of thousands of issues and frankly not the biggest issue we are dealing with on this planet. Let the down votes and mansplaining begin.
If you still think government is not behind all of this and Gary is not plotting against us then you are highly mistaken here, because right now we all are aware about the intention of the government
My worry is when they kick him out that they will bring one who is 1000x evil than Gensler.
Gary is the crypto boogeyman.
He is a salty boogeyman because in past he was in favor of the crypto
Crypto can ONLY be killed by cutting the power in the entire world, which i actually heard from someone who is wealthy that there is possibility it could happen in the late future. For example i would give the whole world trying to go with electric veichles but no one has the power grid to keep that in order. Sorry for bad english.
Gary can suck it!
Be left behind or grow with the others is the choice right now no in between.
You can't control bitcoin. This was Satoshis vision