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SEC chair doubles down, tells crypto firms ‘come in and talk to us’

SEC chair doubles down, tells crypto firms ‘come in and talk to us’



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8 Comments

  1. There is nothing to talk about, SEC should be busy chasing Naked Short Sellers who are responsible for the upcoming collapse. Oh wait, it’s their best friends! Oh my, why does SEC exists again?

  2. tldr; US Securities and Exchange Commission Chair Gary Gensler is urging crypto projects with securities to register with the regulatory body to ensure that investors are protected. “We just don’t have enough investor protection in crypto finance, issuance, trading, or lending,” he said. “Frankly, at this time, it’s more like the Wild West or the old world of ‘buyer beware’ that existed before the securities laws were enacted,” he added.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. If I was Coinbase, I’d offer the bitcoin interest-bearing thing, probably with variable interest, tied to distinct loans taken by other sides doing the borrowing – then take a percentage – and say “see you in court”

    (kind of like how bitfinex does it – you choose to lend to specific borrowers, and/or let their engine match you up)

    Then produce 1099-INTs for the IRS and tell the SEC to fuck off

What do you think?

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