Again, I cringe at "The flexibility of SEC statutory weaponry is an SEC hallmark, enabling SEC enforcement to keep fraud in chec
16 Jun 2023, 10:45
Again, I cringe at "The flexibility of SEC statutory weaponry is an SEC hallmark, enabling SEC enforcement to keep fraud in check." Why is "weaponry" being used on industry participants seeking clarity on rules. You go to your 8th grade teacher seeking clarity in how her rubric is graded and she pulls a 9MM on you?! Is that what you're advocating?
Same news in other sources
416 Jun 2023, 11:18
"Crypto fails as a “currency” because the price is too volatile; fees too high; taxes too burdensome; and risks too infinite."
@federalreserve launches crypto next month? Is $USD too volatile (some say it is)? Taxes too burdensome (for many)? Risks too infinite (arguably so)? You have to know what crypto is to know what it's not!
"Crypto fails as a "currency" because the price is too volatile. fees too high. taxes too burdensome. and risks too infinite.
"Crypto fails as a “currency” because the price is too volatile; fees too high; taxes too burdensome; and risks too infinite."
@federalreserve launches crypto next month? Is $USD too volatile (some say it is)? Taxes too burdensome (for many)? Risks too infinite (arguably so)? You have to know what crypto is to know what it's not!
16 Jun 2023, 11:10
You state "Crypto fails as an "investment” because there's no regulatory oversight, transparency, consumer protections, insurance, licensure, net capital requirements".
So, fine art fails as an investment, too? Vintage cars? Rare stamps & coins? Real property? Patents? Really?
You state "Crypto fails as an "investment" because there's no regulatory oversight, transparency, consumer protections, insuranc
You state "Crypto fails as an "investment” because there's no regulatory oversight, transparency, consumer protections, insurance, licensure, net capital requirements".
So, fine art fails as an investment, too? Vintage cars? Rare stamps & coins? Real property? Patents? Really?
16 Jun 2023, 11:05
Crypto is not a partisan issue. Partisan politics is not how you protect investors, anyway, is it? If you allege that partisanship in the SEC decision making then you are acknowledging they aren't putting investor's interest 1st!
@realDonaldTrump SEC sued @Veritaseuminc , @Ripple @telegram @BlockOneOrg and opened investigations against @binance , @LBRYcom & likely @coinbase , etc. This behavior is no different from the Biden admin. @mcuban
Crypto is not a partisan issue. Partisan politics is not how you protect investors, anyway, is it.
Crypto is not a partisan issue. Partisan politics is not how you protect investors, anyway, is it? If you allege that partisanship in the SEC decision making then you are acknowledging they aren't putting investor's interest 1st!
@realDonaldTrump SEC sued @Veritaseuminc , @Ripple @telegram @BlockOneOrg and opened investigations against @binance , @LBRYcom & likely @coinbase , etc. This behavior is no different from the Biden admin. @mcuban
16 Jun 2023, 10:54
And, again I cringe: "... vigorous SEC enforcement efforts also pave the way for legitimate technological innovations to flourish, rendering markets more efficient and transparent, thereby allowing investors more opportunities for success." I challenge you to prove this re" crypto. If rules aren't clear, no one knows what is being enforced! All I see is any entity not #TradFi being attacked & the majority buckling under the expense & risk of litigating with a .gov agency.
You're literally proposing opacity and ambiguity creates clarity & transparency, thus "rendering markets more efficient and transparent"... "allowing investors more opportunities for success."
Come on, dude! If a lack of clear statements makes markets more efficient & benefits investors, then why the requirement for audited GAAP compliant financial statements in public markets? Why don't we just mimic your position there and say, there's no need for cos. to declare revenues, expenses and assets. We can come to terms through vigorous litigation and that will allow "investors more opportunities for success"?
Dude!
And, again I cringe: ".
And, again I cringe: "... vigorous SEC enforcement efforts also pave the way for legitimate technological innovations to flourish, rendering markets more efficient and transparent, thereby allowing investors more opportunities for success." I challenge you to prove this re" crypto. If rules aren't clear, no one knows what is being enforced! All I see is any entity not #TradFi being attacked & the majority buckling under the expense & risk of litigating with a .gov agency.
You're literally proposing opacity and ambiguity creates clarity & transparency, thus "rendering markets more efficient and transparent"... "allowing investors more opportunities for success."
Come on, dude! If a lack of clear statements makes markets more efficient & benefits investors, then why the requirement for audited GAAP compliant financial statements in public markets? Why don't we just mimic your position there and say, there's no need for cos. to declare revenues, expenses and assets. We can come to terms through vigorous litigation and that will allow "investors more opportunities for success"?
Dude!