Not sure if you've seen the headlines, but it seems that the SEC is slowly but surely cracking down on the crypto industry.
Some would say this was inevitable, but it still begs the obvious question: why?
Well, it looks like this was revealed in a recent hearing hosted by the House Financial Services Committee which featured the SEC's head of enforcement.
For those who don't know, the House Financial Services Committee is considered to be one of the most powerful political committees in the United States. The subcommittee which actually held the recent SEC hearing also has direct oversight of the regulator. Some would say that this analogous to control, as they approve or deny funding etc.
As you might have guessed, there seem to be quite a few anti-crypto politicians on this subcommittee that are encouraging the SEC to continue its crypto crackdown. Not only that, but these same politicians appear to be encouraging the SEC to implement ESG related regulations in finance, something that is truly unprecedented.
Believe me when I say that this was an insanely interesting hearing, and I just know you're going to love my summary of it!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► SEC Enforcement Hearing Details and Full Stream: https://financialservices.house.gov/e…
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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.
