Agree with the SEC comments. Have you heard Trump actually speak about crypto? It's clear he doesn't know WTF he's talking about. But Barron knows all the details. It would be good if we could push the fast forward button to 2028.
You've seen me warn about Gensler for years. He's a wanna be power hungry tyrant, legend in his own mind bully, who is wrong more often than he's right. That guy has damaged a lot and I hope he is kaput if and when Trump wins.
One of the Dirty Dozen on my list of obnoxious politicians and so called civil servants.
My feeling here is, if we are going to make banks follow the know-your-customer laws then crypto should have to also. If crypto doesn't have to follow it then it's not fair to make banks follow it.
It's absolutely unfair to let crypto take customers from a bank who is willing to compete with them but isn't allowed to because the law is being applied unevenly.
There is a difference between opening an account, and holding it. At Coinbase for example there is AML/KYC to open an account, but the ledger may or may not know it is you holding the token.
In the big picture, I'm pretty sure we are on the same side.
But if the main application of crypto is to be that there are no controls on who can do what and resistance to monitoring (as opposed to it being non-inflationary or supporting DAPs), then all it really is doing is circumventing laws.
And if those laws are bad they should be repealed. If they are not they should be enforced.
"It's different because crypto" is not really a coherent argument, IMHO.
(Edited to add: not accusing you of making that argument, just saying)
Agree with the SEC comments. Have you heard Trump actually speak about crypto? It's clear he doesn't know WTF he's talking about. But Barron knows all the details. It would be good if we could push the fast forward button to 2028.
he is vote gathering, but he will appoint the right people to handle it. that's the good thing
Have you seen this Jeff - Crypto.com Sues SEC After Receiving Wells Notice https://beincrypto.com/crypto-com-sues-sec/?utm_source=newsletters.beincrypto.com&utm_medium=newsletter&utm_campaign=email-09-10-2024&_bhlid=56798043360581e851882e322e2c844fd8b7fb68
have not
You've seen me warn about Gensler for years. He's a wanna be power hungry tyrant, legend in his own mind bully, who is wrong more often than he's right. That guy has damaged a lot and I hope he is kaput if and when Trump wins.
One of the Dirty Dozen on my list of obnoxious politicians and so called civil servants.
My feeling here is, if we are going to make banks follow the know-your-customer laws then crypto should have to also. If crypto doesn't have to follow it then it's not fair to make banks follow it.
It's absolutely unfair to let crypto take customers from a bank who is willing to compete with them but isn't allowed to because the law is being applied unevenly.
There is a difference between opening an account, and holding it. At Coinbase for example there is AML/KYC to open an account, but the ledger may or may not know it is you holding the token.
In the big picture, I'm pretty sure we are on the same side.
But if the main application of crypto is to be that there are no controls on who can do what and resistance to monitoring (as opposed to it being non-inflationary or supporting DAPs), then all it really is doing is circumventing laws.
And if those laws are bad they should be repealed. If they are not they should be enforced.
"It's different because crypto" is not really a coherent argument, IMHO.
(Edited to add: not accusing you of making that argument, just saying)