📲 Insider Data in my Socials 👉
🛒 Get The Hottest Crypto Offers 👉
👕 “Bitcoin Evolution” Shirt 👉
🔥 TOP Crypto TIPS In My Publication 👉
~~~~~
📺Important Movies📺
SEC’s Views On Cryptocurrency 👉
El Salvador’s Bitcoin Adoption 👉
Crypto Mining And Local weather Change 👉
FATF Crypto Rules 👉
Gary Gensler Full Listening to 👉
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⛓️ 🔗 Helpful Hyperlinks 🔗 ⛓️
► Howey Take a look at Defined:
► Gary Gensler Full Testimony (Written):
► Circle USDC SPAC:
► SEC Threatens Coinbase:
► Constancy Sits Down With SEC:
► Gary Gensler CNBC Interview Transcript:
► Gary Gensler Washington Submit Interview:
~~~~~
– TIMESTAMPS –
0:00 Intro
1:47 SEC Recap
4:51 Gary Gensler Listening to
6:39 SPACs And Stablecoins As Securities
8:58 Crypto Rules
11:39 Different Subjects Mentioned
14:24 Buyers vs. Banks
17:46 Aftermath Of Gary’s Listening to
21:11 Outro
~~~~~
👨🏫SEC Recap👨🏫
The Securities And Trade Fee or SEC is a monetary regulator in the US that seeks to guard traders, preserve truthful, orderly and environment friendly markets, and facilitate capital formation
The SEC does this by setting and implementing rules round securities. Securities embrace property like as shares, authorities and company bonds, and even some cryptocurrencies
The issue is that the SEC’s classification of what counts as a safety in relation to cryptocurrencies has not been fully clear
👨💼Gary Gensler Listening to👨💼
SEC Chairman Gary Gensler not too long ago testified at an annual listening to with politicians and mentioned varied matters
Although not talked about within the oral model of his opening assertion, Gary particulars the areas of cryptocurrency that concern the SEC within the written model which might be discovered on the SEC’s web site
These are ICOs, crypto buying and selling, lending, and borrowing, stablecoins, shares that supply publicity to cryptos, and cryptocurrency custody
💲SPACs And Stablecoins💲
The explanation why that is related to crypto is as a result of Circle, the corporate that points USDC, introduced again in July that they’re planning to go public through SPAC
Any critical motion by the SEC in opposition to the present SPAC arrange might jeopardize Circle’s inventory itemizing
When pressed by Senator Toomey, Gary was unable to elucidate why stablecoins may very well be labeled as securities regardless of not assembly the expectation of revenue standards discovered within the Howey Take a look at
⚖Crypto Compliance⚖
Gary began off by saying that crypto tasks ought to come and discuss to the SEC in the event that they’re involved about their regulatory standing
Then, then Gary casually acknowledged the truth that present rules don’t fairly work for crypto as a result of they had been ‘written in a bricks and mortar time, and now we’re in a digital time’
🕵️♂️Local weather Change And Cybersecurity🕵️♂️
Many of the listening to centered round different matters, particularly local weather change and cybersecurity, each of that are associated to crypto given the unhealthy press
Gary named chasing yields as a high monetary threat and specified that ‘the attain for yield not simply by retail traders however traders extra broadly’,
🤼♂️Buyers vs. Banks🤼♂️
Banks solely have energy due to the individuals who park their cash there. At any time, these traders might transfer their cash someplace elsewhere.
From the place I’m standing, it appears to be like like all that cash is shifting into crypto, and Gary’s feedback are simply the tip of the proof iceberg
🎤Aftermath Of Gary’s Listening to🎤
Gary informed CNBC that the SEC is in the course of cracking down on cryptocurrency. He additionally referred to as DeFi an ‘wonderful innovation’.
~~~~~
📜 Disclaimer 📜
The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who just isn’t a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable threat of loss. The speaker doesn’t assure any explicit consequence.
#SEC #Defi #Crypto #Gensler #Congress
Source: Coin Bureau
48 Responses
Did you guys watch his Testimony? Any thoughts on it? Would love to hear! If you want any of the content that you are not getting here, be sure to follow me on my social channels 👉 https://guy.coinbureau.com/socials/ . You can also subscribe to my clips channel where I have some behind the scenes content you can't miss https://www.youtube.com/channel/UCR93yACeNzxMSk6Y1cHM2pw
Does Gary want the 🇺🇸 to miss out on the latest tech revolution?
Crypto crews will have to move overseas.
Come to Australia no guns allowed but we do have crypto exchanges.
Guy literally I meaning literally is the best in all of crypto when it comes to content and education 😎.
There is no proof that government can protect anyone. The overwhelming evidence is that governments tend to be deadly.
Hi Guy!!! Can you make a review about the upcoming BIT TORRENT CHAIN? BTTC, it will be release this October 30 2021! Thanks!!!!!
You said Bitcoin and Ethereum are cleared by the SEC as not securities. The SEC recently renounced Hinman's speach declaring Ethereum as not a security. So Ethereum status is up in the air.
We need to get rid of the Wall Street Banking stooge Gary. He sounds like a complete idiot.
Coinbase got 2 NSA CONTRACTS AFTER THAT..
The plan is to keep people poor.
Today, I learned that the more rope you give Gensler to speak with, the closer he gets to hanging himself.
As for Elizabeth Warren, I'd literally do the opposite of any advice she has to give on any subject.
17:32 I just love it when "literally" is used correctly.
Thank you for exposing this fraud Gary Gensler. I flame him every single day on twitter.
14:18 It shows indian bank rates. Lolololol.
In a nutshell, banks have shit their pants.
Banks are scared to death. That's all i can see.
TL;DR: Gary G doesn't seem to know much about anything
cuting out the middle men means were all fuckedd
I love how you call him "Garry" as if you know him as a friend
Thx Guy, brilliant as usual.
Excellent breakdown, as usual 🙂
Truebit. SEC immuned.
Absolute belter of a video Guy. Thank you!
Thank you for the summering up the SEC moves on the crypto market.
AS allways Well done guy !! Keep up the good work greitings from norway
Admin Plz Make a video on Lovely Inu coin
SEC = Central Bankster shills.
learned a lot just from the infographics
So, basically, he doesn't know shit about fuck
You are Such a Nice Bloke
Great vids guy and team
We want to see a video about Pirate Chain $ARRR
Absolutely brilliant! Thank you!
Excellent information. Thank you Guy.
Optimism on Truebit will make Arbitrum irrelevant
Omg I want that T-shirt lol
The SEC is for Americans only and they make up approximately 4% of the world population… 🌏
Gensler is the real life Clarence Beaks.
That Shirt… ❤️
One hell of an update Guy! ✅
Can u do a video on hex?
Life lesson Coinbase taught to anyone not already aware, it's better to ask forgives than permission.
High-larious title. Old school.
Please do a video on oasis network
Great content. Thanks was looking for something like this
Great content. Thanks was looking for something like this. Say about mnstrs
🙌Thank you for your work 🤛
Thanks Guy
I've never come across a worse set of final boss politicians standing in freedom's way. They are seemingly chosen for their remarkable incompetence.