#threadstorm 🧵
The SEC started to play the clown 🤡 though Gary was thought as a crypto-friendly policy maker.
The hostility against Biance and Coinbase is shocking
Why does the SEC do that?
#threadstorm 🧵
The SEC started to play the clown 🤡 though Gary was thought as a crypto-friendly policy maker.
The hostility against Biance and Coinbase is shocking
Why does the SEC do that?
It’s unclear why the SEC is taking such a hostile stance against these companies. However, it’s possible that the agency is concerned about the potential for fraud and other illegal activities. Lol Strange tactics
this is the biggest fraud of all - the SEC saying they are protecting the retail investors.
I really do not understand the attitude of the U.S while it can easily control the whole crypto ecosystem by welcoming first
in my opinion, the U.S is losing its grip on everything--economically and politically and these are only desperate attempts to salvage what's already broken.
Crypto has gone past the stage of no return. They cannot stop it.
I wish this was not the plan.
Anyway, crypto will rise again
The actions against those companies are nothing compared to the CNBC interview.
The SEC hates innovation. It exposes its incompetence.
Especially when the case is crypto 😅
They want their own version. A disgusting institution that fails to do its duties and yet wants to stretch its existing rules to an entity that they know little about.
Actually, the SEC has lost its credibility on protecting the citizens of the U.S against crypto fraud.
The collapse of FTX and the inadequacy of the SEC hit them terribly.
Guess what... Time for revenge!
The SEC may keep doing that to rule the crypto ecosystem but the resilience of crypto will be a decisive factor
https://leofinance.io/posts/idiosyncratic1/what-does-the-sec-want-from-crypto
#gosh #threads #leofinance #outreach