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Gensler faces the House Committee On Financial Services


HAL1000
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Gensler seems to be aligned with this lady - Rep. Carolyn Maloney

I am not sure what Rep. Carolyn Maloney stands for, other than protecting the banks? How much support does Rep. Carolyn Maloney have?

I see no leadership from this man.  He doesn't seem to be laying out his stall.  Just whining that he thinks crypto is a fad and they violate the security laws. With the Ripple case going against SEC and the stories of corruption at SEC, he will need very strong bedrock support to carry his agenda (whatever it is) forward.

He doesn't even accept invitations from Fox to answer the corruption charges, or acknowledge the 30k petition.  I wonder if there is something I am missing, or whether he is a complete fool?

Edited by Julian_Williams
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Who can utterly destroy their own reputation faster ... Gary Gensler or Rudy Giuliani? 

Given the impending Ripple victory and possible corruption investigation of the SEC ... GG may be able to do in just 1 year what RG needed 4 years to accomplish. 

Why is it so hard for GG to see that he's swimming upstream on all this ... and in the face of an ever increasing current? 

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9 hours ago, RobertHarpool said:

Who can utterly destroy their own reputation faster ... Gary Gensler or Rudy Giuliani? 

Given the impending Ripple victory and possible corruption investigation of the SEC ... GG may be able to do in just 1 year what RG needed 4 years to accomplish. 

Why is it so hard for GG to see that he's swimming upstream on all this ... and in the face of an ever increasing current? 

You would think until there is more clarity that most of Genslers targets would be able to use the same "fair notice defence" that Ripple has trail blazed and shared so publicly?  He has to provide clarity.   For clarity he has to answer is there a line between ETH and other crypto, and what is it?

I would think exchanges could also use the fair notice defence because Coinbase have been consulting with SEC before they added coins.

The other route is legislation that creates clarity.  Does anyone know where the balance would lie if Congress took sides?  Gensler seems to be betting on Congress taking his side and giving him more powers.  How powerful are his allies?

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17 hours ago, RobertHarpool said:

Why is it so hard for GG to see that he's swimming upstream on all this ... and in the face of an ever increasing current? 

Well, like most of the rest of this admin, he's an academic turned bureaucrat, so, to be incredibly polite about it, maybe he sees so many angles - because of his deep experience/knowledge (in his case, he's done the academia->gov - and back! - shuffle twice, now) - that a sort of analysis paralysis sets in...  He's just soooo smart that he can't really make a decision...  I mean, he went to MIT or something... Did he mention that?  I mean... MIT.  Can't question that kind of a reputation for academic excellence!

(All these people do anymore is manage their public profile.  Problem is, everyone knows that, now - and sees through it - take Yellen, for instance... Hey, great job hiding all of that inflation from the masses.  Nobody's caught on!  You're so slick!)

(Back later... gotta go get in a bread line;  nobody rat me out to the feebies for being just a tad bit skeptical/cynical, okay?  I totally buy that $3.5 trillion is actually = to $0.  Yep.  Not just me, either - nobody's caught on to that whopper.  Why, we're just all dumb as rocks outside the beltway - you're doing great!)

:rolleyes:

 

 

Edited by NightJanitor
Extra, Extra Snark
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