Speaking to reporters after a commission vote on Wednesday, Gensler said securities laws could be triggered because investors anticipate a return when they purchase tokens underpinned by a proof-of-stake consensus mechanism."Whatever they're promoting and putting into a protocol, and locking up their tokens in a protocol, a protocol that's often a small group of entrepreneurs and developers are developing, I would just suggest that each of these token operators ...
According to The Block, Gensler’s remarks came after reporters asked him for his thoughts on statements made by Rostin Behnam, chairman of the Commodity Futures Trading Commission , last week, arguing that ether is a commodity and should be regulated by his agency. The two regulators have long been at odds over which agency should take precedence in regulating the crypto markets. Gensler has said that bitcoin is a commodity but has been reluctant to relinquish control – or, at least, the possibility of future control – over any other cryptocurrency, including ether, and has claimed that the “vast majority” of the thousands of existing cryptocurrencies are securities.
Despite Gensler and Behnam’s public back-and-forth, the NYAG suit is the first time a regulator has claimed in court that ether is a security, albeit in a state court rather than a federal court.
SECGov cheyenneligon Only courts can deem a security. First question they ask. 'Have you sold any tokens?' :) they don't have a process to deem something a security. Your exemption isn't going to fit in the paperwork, it will feel like FRAUD. And we are seeking to come into compliance, but with ?
SECGov cheyenneligon Newsflash! Nano fixes this!
SECGov cheyenneligon 부끄러움이 없는 정치인 , 역사에 남을 사기꾼
SECGov cheyenneligon We need to make the bureaucrats accountable. Corrupt regulators have taken control of the government!
SECGov cheyenneligon At this point, I’m surprise he hasn’t said his forehead is a security. I’m surprised he hasn’t said buying scratch off lottery tickets as a security because I’m only buying them thinking I’m gonna make a profit.
SECGov cheyenneligon
SECGov cheyenneligon Max Avery reiterated his view that Gary Gensler should resign
SECGov cheyenneligon Crazy talk. The Southern District Court in NYC ruled in favor of Binance yesterday as the judge slammed the SEC. Rogue gov’t agencies that over step their authority will not win in Court. J. Torres will slam the SEC & Gensler for over reaching. The Court protects the Constitution
SECGov cheyenneligon GENSLER --- JAIL
SECGov cheyenneligon Instead of suggesting he should enforce on crypto
SECGov cheyenneligon $XRP 🗝️
SECGov cheyenneligon GaryGensler total clown that you are. Protecting investors? Your crusade supported by Biden and Warren is destructive to the whole crypto landscape and damages investors instead of protecting them. Going after the bad actors is good, the other compliance BS is total crap
SECGov cheyenneligon Surprised this dude hasn't got a price on his head yet tbh
SECGov cheyenneligon That's cos Gary has been taking backhanders for many years...
SECGov cheyenneligon Someone make this guy come into compliance
SECGov cheyenneligon Proof of work - bad for the environment. Proof of stake - securities. I'm starting to get the feeling that GaryGensler just doesn't like crypto 🤪
SECGov cheyenneligon Might? Nice guidance Mr. SECURITY.
SECGov cheyenneligon
SECGov cheyenneligon Operation choke point 2.0
SECGov cheyenneligon The SEC can't come to terms that crypto is a different class entirely from the financial system 'security' and other thing. We need a CEC, Crypto Exchange Commission that should overseer the crypto world. Cryptocurency Finance
SECGov cheyenneligon Token operator?
SECGov cheyenneligon This man is a disgrace for innovation
SECGov cheyenneligon Non hai cose piu urgenti a cui pensare ora?
SECGov cheyenneligon Someone please take this criminal down… enough is enough already. Man liberals are a pain in the ass
SECGov cheyenneligon ' Might be a security' So the SEC Chairman GaryGensler is not sure? No guidelines to go by but he subpoena Ripple? How can you be a leader if you cannot lead Mr Gensler? How could the court even allow this case to start? No guidelines and millions of TAX money wasted on what?
SECGov cheyenneligon Munnezzzz
SECGov cheyenneligon Once the SCE register all ProofOfStake tokens as “securities” (if they can), that’ll be the end of POW Enough Token, Proof it 🤘😀👍
SECGov cheyenneligon How about we call all crypto securities!! Get all to pay a nominal fine and get registered to go on working, developing without fear of further prosecution. These continued threats are getting old now and holding us back getonwithit
SECGov cheyenneligon The crypto community reiterated his view that he is a clown that people like him understand nothing of technology and should retire in his ranch milking cows and feeding chickens.
SECGov cheyenneligon Force innovations shift to Asia, they thank you
SECGov cheyenneligon 🖕🏼 You Mary sorry Gary 🤡
SECGov cheyenneligon Tired of this 🤡
SECGov cheyenneligon When is he going to get ousted for being not fit for purpose
SECGov cheyenneligon 🤘😀👍
SECGov cheyenneligon What about the companies that print baseball cards or Pokémon cards
SECGov cheyenneligon If they only MIGHT BE what are they actually coming into compliance with?
SECGov cheyenneligon At this point, wouldn’t be surprised if this man, or some ‘entity’ close to him, short Bitcoin before he makes these 🗑️ statements
SECGov cheyenneligon Maybe if people got a list of things that must be followed VS some outdated howey test then entrepreneurs would know what they can and can’t create. It’s too late for Gary to try and come in and regulate.
SECGov cheyenneligon 'Might' is not good enough Gary. We need a clear framework.
SECGov cheyenneligon Yes, all the banks are falling apart and all Gary Gensler, has his head up his ass...
SECGov cheyenneligon It will have to play out in court, until then… it’s just a opening. Hell Chat GPT is a security to mankind.. ummmm Skynet 👀
SECGov cheyenneligon Just throw anything at the wall, maybe one will stick 🫣
SECGov cheyenneligon Got some POS tokens for free. That's securities? 👀
SECGov cheyenneligon If he says in no uncertain terms “bitcoin only” and “ethereum is a security, its time to come in to compliance”, he knows he’ll cause billions, maybe trillions of dollars to change hands and cause a lot of damage to many well-meaning people. Its what he wants to say, though.
SECGov cheyenneligon I think it’s time for crypto to block the U.S.
SECGov cheyenneligon Then 99.99% of cryptocurrencies are very likely securities and this only happen in USA. No wonder why USA is behind other countries on the cryptocurrency matters. And this shame remain there if GaryGensler is still in charge of SEC POTUS
SECGov cheyenneligon Why is SEC Chair position not required to be a lawyer?
SECGov cheyenneligon 🤡🎪
SECGov cheyenneligon
SECGov cheyenneligon Why is Gary Gensler being asked his opinion about crypto when the SEC doesn't have a mandate to regulate it? His opinion doesn't matter! Crypto is not regulated by the SEC laws. Point me to a law where 'might be' resides. This is way he takes crypto projects to court/ plea deals
SECGov cheyenneligon Remember this is for you own protection! You can see how well it works for the banks!!
SECGov cheyenneligon GaryGensler is absolutely derelict. He was a professor at the cutting edge of the most important financial technology the world has ever seen and he has no plan for how the SECGov will utilize it to advance investor protection.
SECGov cheyenneligon lol ITS A TRAP!!!
SECGov cheyenneligon
SECGov cheyenneligon ask gary to list the form numbers. and site the SEC website instructions and and rules, FORMALY on the website !!
SECGov cheyenneligon ‘MIGHT BE’ he don’t even know!!!
SECGov cheyenneligon how bout I come into your face instead.
SECGov cheyenneligon His view; is not necessarily the view of the SEC, nor has it ever been the view of the SEC. His view is merely his own personal opinion. Right ? Or is this deliberately unclear and unashamedly ambiguous as well?
SECGov cheyenneligon
SECGov cheyenneligon His “view” is that these are securities. Then take everybody to court Gary.
SECGov cheyenneligon Such a D-Bag.
SECGov cheyenneligon Hey Gary, i shit like a pound it’s that a security because if it is, I am coming to register a pound of shit
SECGov cheyenneligon Just laughable
SECGov cheyenneligon “Might be” Yet, he’s suggesting they come into compliance. Give me break. Even when the creators or operators come into the SEC, they are turned away and sued (ex Ripple ).
SECGov cheyenneligon Wouldn't proof of work make for a more stable system than proof of stake? Or am I missing something?
SECGov cheyenneligon Gio19898
SECGov cheyenneligon Im drunk and read retired. Carry on.
SECGov cheyenneligon This dude can throat punch a chode. I hate shitcoins but I’d make this dude actually do something. NO ONE is coming in Gary
SECGov cheyenneligon how about tezos, we only assign baker to manage our voting power but the fund stays in our personal wallet and stays liquid..
SECGov cheyenneligon garygenslerresign
It's clear from Chairman Gensler's position on proof-of-stake tokens that blockchain technology is on the SEC's radar. This highlights the importance of staying up to date on the principles and regulations governing cryptocurrency.
SECGov cheyenneligon Who exactly will the SEC be suing over a decentralized asset? Or requesting to comply? You know better, Gary. Resign.
SECGov cheyenneligon security? try scam. dude is blind.
SECGov cheyenneligon Where is it written that SEC has any authority of anything? pardon my ignorance. I just seem to think this is a protectorate of corrupt wall street and co and like appointed spokesperson but not elected by the people thus my question. And Janet Yellen are you fkn kidding me?
SECGov cheyenneligon Kepalanya botak karena mikirin kripto adalah sekuritas.. 🤣🤣 kebanyakan makan 💩!
SECGov cheyenneligon GaryGensler 💩💩🤡
SECGov cheyenneligon Meanwhile the banking financial system falls apart. Priorities.
SECGov cheyenneligon FlareNetworks wanting to introduce staking…well beware HugoPhilion FLR
SECGov cheyenneligon
SECGov cheyenneligon Does Gary actually do anything except spend wasted time on everything, except what he is suppose to .. which is protection against these problems. Stop the crypto non sense attacks and either do your job or get the hell out of the way
SECGov cheyenneligon Angry little man
SECGov cheyenneligon Might be?!
SECGov cheyenneligon He is going to keep 'suggesting' this to continue to scare the market. He cannot win this in court and he knows it. So he will scare people and hope they settle
SECGov cheyenneligon
SECGov cheyenneligon Old news Gary. Take your clown face 🤡 somewhere else. If Fednow is not a security nothing is a security!!
SECGov cheyenneligon 🤡
SECGov cheyenneligon
CryptoLawUS SECGov cheyenneligon Might? I don’t think he even knows!!! Even being an ex professor at MIT
CryptoLawUS SECGov cheyenneligon “Might be” is meaningless. Either they are or they aren’t. More indecision.
SECGov cheyenneligon
MarketsMickle SECGov cheyenneligon
SECGov cheyenneligon Why does he keep saying Ether MIGHT be a security? Just issue some actual guidance, Ginsler.
CryptoLawUS SECGov cheyenneligon He is not working for the USA
SECGov cheyenneligon
CryptoLawUS SECGov cheyenneligon Garbage! You could take it, set on fire 'figuratively' and stick it down his shorts and he would ignore it and go after Kim K.....oh wait that already happened.
SECGov cheyenneligon Relentless.
SECGov cheyenneligon I don't fuckin care what the cue ball thinks Ethereum is
SECGov cheyenneligon scare tactics. do you think he's going to sue thousands of staking coins, are you all seriously thinking a judge cares about coins that do not harm their users? show me the victims of eth staking.
SECGov cheyenneligon Gotta go kiss the ring!!!
SECGov cheyenneligon Go after the Ethereum foundation then...simple
SECGov cheyenneligon This nigga is confused🍻🍻🍻
CryptoLawUS SECGov cheyenneligon Does he know Proof of Burn PoB? $KOIN Koinos Mana Koin
CryptoLawUS SECGov cheyenneligon
ledxrp SECGov cheyenneligon Gary Gensler has got to be trolling the crypto market at this point, right?
SECGov cheyenneligon come in to compliance fine, what do we need to do? just come into compliance, if not we will sue, next day a summons arrives lol
SECGov cheyenneligon Never trust a guy who’s tie lingers below the belt
SECGov cheyenneligon So not xrp hahaha
SECGov cheyenneligon Get bent, dude. Guy throws a lawsuit on every legit project, but the one that was under his nose the whole time.
SECGov cheyenneligon resign
CryptoLawUS SECGov cheyenneligon Unfortunately…..vote republican
SECGov cheyenneligon You’re a national stain and disgrace GaryGensler
MarketsMickle SECGov cheyenneligon They are better off waiting to get sued than to comply. Complying gives the SEC information they can use to sue you, making their job easier
SECGov cheyenneligon can someone stop that corrupted paid prick?
SECGov cheyenneligon That's not capitalism.
SECGov cheyenneligon LOL -
SECGov cheyenneligon lol 🤣🤣💀
SECGov cheyenneligon Does anyone anyone actually listen to that failed condom?
SECGov cheyenneligon I cant stand seeing his face
SECGov cheyenneligon Consensus.
SECGov cheyenneligon stick to the things you know douchbaggs nobody needs you all
SECGov cheyenneligon GARY must be behind bars!!! PERIOD.
SECGov cheyenneligon He's right proof of stake is bullshit just like securities are vs proof of work like non securities like art, gold...fuckin Bitcoin 😜🧐
SECGov cheyenneligon Gary is just lonely and wants some frens to play with
SECGov cheyenneligon Nahhh
SECGov cheyenneligon
SECGov cheyenneligon GaryGensler investigation into pedophillia SECGov any comments on this
SECGov cheyenneligon The most corrupt man in America
SECGov cheyenneligon GFY Gary!
SECGov cheyenneligon
SECGov cheyenneligon GaryGensler sure Gaaaaarrrry we'll be right in........😂
SECGov cheyenneligon Why doesn’t Gary send the forms and information needed to the tokens and custodians of the token that he claims are securities for them to fill out and return. People have been trying to get clarity for years with no answer…
SECGov cheyenneligon GaryGensler shut up
SECGov cheyenneligon
SECGov cheyenneligon
xrp_prime SECGov cheyenneligon coinbase time to delist!!!
SECGov cheyenneligon I don’t often wish harm on someone.
SECGov cheyenneligon Proof of Stake (POS) is Insecure and Centralized Real Cryptocurrency is POW bitcoin Kadena
SECGov cheyenneligon Gray?
SECGov cheyenneligon
SECGov cheyenneligon Blah blah!
SECGov cheyenneligon Cho hắn 1 số tiền, cổ phiếu sẽ thành btc 2 btc 3 😏😏, khinh bỉ 😏😏
SECGov cheyenneligon 😬
SECGov cheyenneligon Bullish for litecoin
SECGov cheyenneligon We not “seeking” into shit