As you know, the SEC is cryptocurrency's most feared regulator. This is primarily because of SEC chairman Gary Gensler who is ruthlessly anti-crypto and has been cracking down on crypto projects and companies since he secured his throne last spring.
Well, Gary recently testified in front of US politicians for the second time, and it doesn't look like they were very happy with him. Besides the SEC's attitude to crypto, climate disclosures have many lawmakers concerned about the effects the SEC could have on the economy.
It's safe to say that the next few years are going to be tense. Until Gary is out I expect to see lots more crypto crackdowns, and it really looks like the SEC is just getting started. The question is how much they can get away with given the pushback from politicians.
I suppose you'll have to watch until the end to find out!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► SEC Oversight Full Hearing: https://www.banking.senate.gov/hearin…
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
