Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.
U.S. Securities and Exchange Commission Chair Gary Gensler pushed back on the idea that crypto exchanges could be safe qualified custodians for investment advisers.directing investment advisers to look to qualified custodians for storage of assets – including cryptocurrencies – makes"important enhancements" to existing protection rules. He also said crypto exchanges should not be considered safe under those guidelines.
"Based upon how crypto trading and lending platforms generally operate, investment advisers cannot rely on them today as qualified custodians," Gensler said."To be clear: just because a crypto trading platform claims to be a qualified custodian doesn’t mean that it is.
SECGov GaryGensler I am a safe, qualified custodian. Doesn’t mean anyone should trust me to manage any amount of their money.
SECGov GaryGensler I like CoinDesk's recent coincritical style
SECGov GaryGensler
SECGov GaryGensler The only custodian that you can trust at the end of the day is yourself
SECGov GaryGensler Dont forget to store your crypto OFFLINE‼️ TOP 5 Crypto Cold Wallets You Didn't Know About
SECGov GaryGensler Believe random twitter crypto shillers or Gensler? Were FTX, Celsius, Blockfi, Voyager etc trustworthy?
SECGov GaryGensler Control your cryptocurrency by yourselves or custodian .
SECGov GaryGensler Crypto space must prepare to exclude the US
SECGov GaryGensler If Gary allows a bitcoin ETF , half of its function goes obsolete
SECGov GaryGensler Yet another example of coindesk fear mongering.
SECGov GaryGensler Clown 🤡
SECGov GaryGensler 100% right! DYOR for dump & pump schemes of any CryptEx. House always win! Who gives loans for shorting on stocks & who gives for crypto?!? Huge differences…
SECGov GaryGensler So you are saying that we can reply for example in JP Morgan and their dudes? 😂😂😂😂😂😂 Riiiiiight Just because they are paying you doesnt make it right
SECGov GaryGensler Can rely on them a heck of a lot more than you and the worthless governing body of what used to be America...🖕🖕🖕 You gotta go😠
SECGov GaryGensler GaryGensler what were you and SBF_FTX meeting about? SBF is the most corrupt player so far in the crypto industry. RepMaxineWaters SenWarren SenSherrodBrown RepHuizenga RepRitchie RepAnnWagner RepFrenchHill RepTimmons WarrenDavidson PatrickMcHenry GOPMajorityWhip
SECGov GaryGensler Europa and asia love you. Thx
nikhileshde As his competence
nikhileshde if only there was a pathway for good custodians CustodiaBank
nikhileshde Does he have kids?
nikhileshde QredoNetwork providing digital asset custodianship with dMPC technology and travel rule implementation. Changing the game! $Qrdo
nikhileshde NEW: Caution, investment advisers be careful about treating the SEC as qualified to protect investors: 'just because the SEC claims to be to protect investors, doesn’t mean that it does'
nikhileshde Just because an agency thinks it has domain over cryptocurrency doesn't mean it should.
nikhileshde Kind of like Gensler not being qualified to be chair of the sec...🖕🖕🖕
nikhileshde Pushed his turd of a child to buy $BTC $BTC became a commodity overnight.... What should the little turd buy next
nikhileshde People must be fleeing the SEC 'regulated markets' in droves
nikhileshde defund the SEC!
nikhileshde And just because the SEC Chair says that his priority is to protect investors, doesn’t mean that he is ….just sayin’
nikhileshde Thanks for sharing, it is important for investment advisers to exercise caution and perform due diligence when dealing with crypto exchanges. Your reminder highlights the need for ensuring that the custodianship of digital assets is handled properly to ensure their security
nikhileshde Well... Not your keys - not your crypto. Not everything that comes out of his mouth is wrong,just because people personally don't like him.
nikhileshde 🍞 This reminds me of that Gary that took my dream girl in school, I spread some roumors about him and they broke up. I was the second person on the ball but I manage to keep it !🍞
nikhileshde This man needs to resign. He is an absolute joke. Meeting with SBF for months...what a crook!
nikhileshde Well the sec has had ten years to say these are rules exchanges must follow . Clarity and guardrails ….but then the sec couldn’t go around suing everyone … andrewrsorkin EleanorTerrett
nikhileshde I see this as a massive opportunity for tech companies to get involved. Cold storage is safest BUT, most humans are lazy and dont want to deal with losing keys or devices breaking. jack is working on some solutions but we need something dummy proof bitcoin custodian security
nikhileshde Why is he not indicted with the rest of FTX? This guy is literally linked to the loss of millions thru the FTT coin Ponzi scheme.
nikhileshde
nikhileshde Everyone who voted for Biden, voted for this.
nikhileshde Sure GaryGensler for you sure seem to have thought FTX was after meeting w/ SBF many times and watching him donate to politicians! You get a check too? You helped bail him out?
nikhileshde idiot :)
nikhileshde Haha
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