alexametrics

SEC & Congress on Cryptocurrency! (Crackdown?) - Gensler vs US Senate

cryptocurrency 4 months ago
Flipboard


This is a breakdown of US SEC Chair Gary Gensler's testimony before the US Senate, focusing on the need for regulatory clarity in the cryptocurrency markets. The SEC & Congress discuss whether cryptocurrencies are securities and what retail investor protections should be implemented. ======== $25 Worth of FREE Crypto from Crypto.com ======== ♥ Crypto.com Signup - http://platinum.crypto.com/r/cryptocasey - Type in Referral Code: CryptoCasey and we both get $25 🙂 ♥ Coinbase - Receive $10 of FREE BITCOIN when you use this link to sign up for Coinbase and invest $100: https://www.coinbase.com/join/57605a33b9140001c900020b ♥ BC Vault Crypto Hardware Wallet Link - https://bc-vault.com/shop/bc-vault/?wpam_id=22 ♥ Ledger Nano X & S Hardware Wallets: https://www.ledgerwallet.com/r/befe ♥ Link to Join Ivan on Tech Academy at a Discount - https://academy.ivanontech.com/pricing?ref=1457 ♥ Link to Apply to Crypto Casey Beta Course - https://CryptoCasey.com/Beta ♥ Link to Choice Bitcoin Retirement - https://www.retirewithchoice.com?kid=1B8081 ======== TABLE OF CONTENTS ======== 00:00 - Introduction 01:00 - Pat Toomey Opening Remarks 01:54 - Payment for Order Flow Explanation 02:46 - Toomey Doesn’t Think Market is Rigged Against Retail Investors 03:28 - What About GameStop? 04:00 - Toomey on Crypto as a Security 05:17 - SEC Actions are Stifling Innovation in US 05:40 - SEC Chair Gensler Opening Remarks 06:24 - Gensler Trying to Distract Congress from Crypto? 06:52 - Focus on “Investor Protection” 07:30 - Toomey & Gensler on Cryptos as Securities 09:00 - Gensler Says Cryptos May Be Securities 09:30 - Toomey Disagrees that Stablecoins are Securities 10:10 - Gensler Wants Congress to Clear Up Definition of Securities 10:35 - Toomey Disagrees & Thinks Securities’ Definition is Well-Defined 11:10 - Gensler Says Most Crypto are Securities 12:02 - Summary of Toomey & Gensler’s Discussion 12:30 - LOL 13:30 - Lummis Asks Why Crypto is Treated Differently 14:33 - Gensler Lies About Being Open to Meeting with Crypto Companies 16:20 - Lummis Asks if Gensler Supports Responsible Innovation 18:30 - Gensler is Delusional About Traditional Markets 19:26 - Gensler Asks for More Bureaucracy 20:55 - Warner’s Feelings About Crypto 22:35 - Tillis Destroys Gamification Argument 24:10 - Lottery, Legalized Gambling is Allowed to be Gamefied? 24:36 - Warren & Gensler Have a Scripted Discussion 26:30 - Warren Slams DeFi & Ethereum Fees 29:30 - Summary of Warren’s Stance 29:42 - Daines Asks for Light Regulation of Crypto 31:12 - Gensler Gives More Runaround 32:13 - Gensler Flips & Says Securities Definition is Clear 33:03 - Cortez Asks Gensler What he Needs from Congress 34:43 - Summary of Cortez & Gensler’s Discussion 35:10 - Outro ======== LINKS TO ACCESS SITES SAFELY ======== ♦ Coinbase - Receive $10 of FREE BITCOIN when you use this link to sign up for Coinbase and invest $100: https://www.coinbase.com/join/57605a33b9140001c900020b ♦ Kraken Exchange Link: https://r.kraken.com/r5XmG ♦ KuCoin Exchange Link - https://www.kucoin.com/ucenter/signup?rcode=2Q2fbRg ♦ Binance Signup Link: https://www.binance.com/?ref=11055137 ♦ Bittrex Signup Link: https://bittrex.com/Account/Register?referralCode=M0U-UDK-WU5 ♦ Coinmama Signup Link - https://go.coinmama.com/visit/?bta=51862&nci=5343 ♦ BitBuy Canadian Exchange Link - http://go.bitbuy.tech/aff_c?offer_id=3&aff_id=1007 ♦ Recommended Hardware Wallet: Ledger Nano X Backup Pack Link - https://www.ledgerwallet.com/r/befe ♦ BC Vault Crypto Hardware Wallet Link - https://bc-vault.com/shop/bc-vault/?wpam_id=22 ======== ESSENTIAL CRYPTO RESOURCES ======== ♦ Recommended Hardware Wallet: Ledger Nano X Backup Pack Link - https://www.ledgerwallet.com/r/befe ♦ Recommended 2nd Hardware Wallet: Trezor Model T Link - https://shop.trezor.io/?a=casey@cryptocasey.com ♦ Recommended Malware Protection for Computer & Mobile Devices: MalwareBytes Link - http://www.tkqlhce.com/click-8628825-12849560 ♦ Recommended Encrypted Email Account for Managing Cryptocurrency Accounts: ProtonMail Link - http://proton.go2cloud.org/SH1f ♦ Recommended Crypto Tax Solution: CryptoTrader Link - https://www.cryptotrader.tax/?fp_ref=casey80 ======== SOCIAL MEDIA LINKS ======== ● Twitch - https://twitch.tv/cryptocasey/ ● Facebook Page - https://www.facebook.com/cryptocasey/ ● Twitter: https://twitter.com/cryptocasey ● Instagram: https://www.instagram.com/cryptocasey/ ● Telegram: https://t.me/cryptocaseychat/ ● Business Contact - Casey@CryptoCasey.com ● Website - https://CryptoCasey.com/ ● Podcast - https://cryptocasey.buzzsprout.com/ ======== DONATIONS ======== ♥ BTC - 12XfdCJqEuRRzMrcD1YaE5kHeSShdkcW3G ♥ ETH - 0xf94c719621E358890Dd33dD010a1fb4717EbdaE4
Read Entire Article