“The SEC Can’t Continue to Punish Crypto”: Coinbase CEO Slams Gary Gensler
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Hey there, folks, we've got some real action going on! US lawmakers are really putting pressure on SEC Chair Gary Gensler, telling him to give the green signal to those Bitcoin ETFs. This development has sparked curiosity and intrigue within the crypto community, as it seems that the SEC might be delaying approval without providing clear reasons. The crypto market anxiously awaits Gensler's decision, leaving everyone on edge.
At the same time, the CEO of Coinbase, Brian Armstrong, is not happy with the SEC. He says the SEC is being too tough, which, according to him, is stopping new ideas and innovations in the U.S. crypto world. He's even saying that if rules for digital money don't work out, the crypto business might need to ask the US Supreme Court 😡for help. This kind of argument between the regulators and the leaders in the crypto world is making things complicated and making people worried.😩
While all of this is happening, House Republicans are working on creating rules for cryptocurrencies. People are concerned about what could happen to small traders who can't go to court against the SEC.🤔
The SEC is becoming stricter, and there's a government shutdown on October 1 at 12:01 a.m. (Eastern Time) This is a critical moment for the cryptocurrency industry, and everyone is really eager to see how things will turn out. You can find more detailed information in Coinpedia's article below.
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