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Brad Garlinghouse Expressed in response to Michael Arrington: “In 2018 Bill Hinman said ETH isn’t a security and Jay Clayton agreed. But just weeks ago, Hinman filed an affidavit in Court saying the SEC still has “not taken any position or expressed a view” on ETH’s status…so how is the market supposed to have clarity?”
Michael Arrington expressed: One thing Gensler made clear today: He thinks all of Crypto is under his control, and he’s eager to expand the power of the SEC. He said the law is clear based on 75 enforcement actions but seems to be walking back clarity on ETH, at least. All I see is more muddy water.”
Community response: They won’t be happy until they drive all crypto-related businesses offshore. Gensler is no better than Clayton. He ran like a school kid when asked about ETH and the ICO. How you are going to agree with Jay Clayton’s stance on clarity when he clearly gave clarity to ETH when it clearly had an icon which clearly makes it a security. But of course, his speech is just his “personal opinion.” No?
Exactly, the USA is going to be a financial island at this rate. America will fall behind now, it’s evident. That’s called Napoleon Syndrome, right Mike? When America loses the digital race to China, Europe & everyone else & everyone has dumped the dollar. Does he also want to be responsible for that?
It’s beyond embarrassing that the USA has to, and continues to, put up with this level of smoke screening and corruption. Who will step up, draw a line in the sand and hold these people accountable?
No one as long as lobbying and large campaign financing exists. This is now a country by the rich, for the corporate interests. The rich make their most money of the finance and baking markets.
He is never going to talk about an individual crypto when he oversees them all. ETH will have its day in court. I’m sure, but for now, they’re sorting regulations. Ripple court is getting close to the end, and clarity is coming. Patience.
Yeah, l see a big pile of horse shit. Investor protections. Mr. Arrington, how can the crypto community pool our money together for our own lobbyists? Gensler needs to address the issue of corruption with Clayton & Hinman; he is just another bureaucratic puppet.
I wonder if he understands the irony of bragging about bringing so many enforcement actions yet stating clearly that there is sufficient clarity. The SEC can’t control Crypto if they have said the two big players – ETH & BTC are not securities already. The SEC has no jurisdiction over non-securities – so is he now suggesting ETH & BTC are securities after all?
You seem to be suffering from what we fellow sufferers call common sense. You see, whilst employees of the SEC gave public clarity to BTC & ETH, it appears the official position.
The securities laws are clear its whoever pays us the most money gets a pass; no need to change anything; this works just fine for us SEC corruption at its finest. It’s all about investor protection. And all investors are equal. But some are more equal than others. Is anyone here that thought he will be the savior of Crypto? Welcome back to earth.
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