Gensler suggests staking token operators should ‘seek to come into compliance’

“The investing public is investing anticipating a return, anticipating something on these tokens, whether they’re proof-of-stake tokens, where they’re also looking to get returns on those proof-of-stake tokens and getting 2%, 4%, 18% returns.”

“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 [...] seek to come into compliance, and the same with the intermediaries," he continued.

Gensler has voiced his opinion on proof-of-stake coins before. In September, after the Ethereum Merge, Gensler️ Open Commission Meeting ️

He like trying to make proof-of-stake more like baking deposits in terms of regulations

c_d_chester This guy is aids

Gensler should turn his attention to a popular shitcoin with strong links to terrorism that has an infinite supply backed by nothing and leaves 100s of millions of hodlers rekt through its inflation. Ban the $usd.

'Well, that's certainly a novel approach to making sure that the blockchain industry remains heavily regulated!'

I guess security always trumps decentralization 🤔

garygenslerresign

Algorand being an exception

Everything is a security to this goofball.

He is like vampires. Come to me, don't worry ...

What isn’t?

may be

Who cares ? He'll die and the new generation which is building its world will replace him. It's just a matter of time. And it's a 51 years old man speaking. Instead of fighting the change, read and undrestand it. Bé humble. Cheers from France.

And he's still a criminal leading a corrupt organization that doesn't serve the people and which does not honor is purpose.

There is no May about it, they ARE.

What an absolute clownshow he's running.

This guy needs to get laid more than me 🤣

cavuca carequinha

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SEC Chairman Gensler Suggests Again That Proof-of-Stake Tokens Are Securities: Report.SECGov Chairman Gary Gensler reiterated his view that proof-of-stake tokens like ether might be securities – and that “token operators” and intermediaries should “seek to come into compliance.” cheyenneligon reports SECGov cheyenneligon Bullish for litecoin SECGov cheyenneligon We not “seeking” into shit SECGov cheyenneligon Blah blah!
Source: CoinDesk - 🏆 291. / 63 Read more »