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43 sats \ 7 replies \ @grayruby 27 Mar \ on: The Sad Truth Behind the Gary Gensler's SEC "huge court win" Against Coinbase bitcoin
It's not a huge win but it's a win for the SEC.
I have no sympathy for the SEC or shitcoin casino Coinbase. Let them both destroy each other.
I am honestly so sick and tired of the SEC using my tax dollars like it is kindling for starting a fire... There are real criminals and real criminal companies out there for them to go get. I feel like Gensler should have to surrender his paycheck and retirement if he keeps losing to reimburse taxpayers.
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They're not using tax dollars. Its all printed up remember? So they're devaluing dollars which doesn't matter if you aren't saving dollars for later.
Obligatory, fuck shitcoin scammers
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It’s about extortion
Target companies and people you dislike
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I get that. I think he is just trying to go after exchanges because it is not feasible to sue 20,000 projects. It's a shotgun approach.
In reality what probably should be done is congress should update securities laws so there is clarity on what the rules are. Who has to register and who doesn't?
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You are 110% right and what is all the more infuriating. As someone who works for Congress, we have these bills with bipartisan support, they even passed out of Committee and are awaiting a vote on the House Floor but the leadership is so screwed up that we can't even get basic bipartisan things voted on. It drives me insane and also just really does a number on your mental health that stuff I have worked on for a year and a half is likely not even going to get voted on even though it was unanimously approved in Committee.
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How long do you plan to work for Congress?
I recommend 5 years and do something outside of DC
The swamp is a vortex
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Actually, that is my plan! I want to go back home to Texas at the end of the day. The only reason I am staying in DC right now is that I have fantastic coworkers which helps lessen the headache. I might leave sooner, I did a year of interning and now have done a little over two years of Committee work. In the job market Committee jobs are held to a higher regard and they help connect you a heck of a lot better so offramping out of Congress and out of DC is easier.
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