Messari founder Ryan Serkis has accused SEC Chairman Gary Gensler of acting with a conflict of interest and plotting against the cryptocurrency industry.
“Chairman Gensler is a crook, a destructive force to our capitalist system, a former $100 million banker who is pulling up the ladder after himself.“
of comment This follows the SEC allegation that Paxos violated securities laws with respect to the issuance of the Binance USD (BUSD) stablecoin.
Kraken said on Feb. 9 that it was forced to end its staking program for U.S. customers following enforcement action by the SEC. He also announced that he would pay a fine for
SEC Commissioner Pierce clarified that the SEC has no staking policy, or guidelines for exchanges to meet staking compliance.
Why is the SEC targeting cryptocurrencies?
Former SEC Advisor — Now Policy Director at Paradigm — Justin Slaughter Labeled Recent happenings Separating Cryptocurrency and SECThe SEC hopes to “pre-clear” individual cases using current regulations.
Slaughter has made his position clear, saying he has become “unsympathetic” lately due to the lack of regulatory progress.
“Personally, I was pretty sympathetic to the SEC’s position five years ago (the questions posed by crypto are tough! Learning new areas takes time), but in the meantime regulatory developments Because there was no“
Bankless Podcast host Ryan Adams has a different take on the SEC — it’s impossible for a cryptocurrency company to achieve compliance. Said.
“This is by design.”
Serkis is unimpressed
Serkis He echoed Adams’ views and said he intended to end Gensler’s political career in what he saw as unjust coercion.
“my new goal in life is the end @GaryGenslerpolitical career, making him the reason Biden loses re-election. ”
later founder of Messari murmured List of reasons why Gensler is “disgraceful”. It mentions Gensler’s banking ties, his false reference to Satoshi Nakamoto, and the SEC’s unusual relationship with rogue exchange FTX.