Gensler & friends declare war on crypto

[HAL1000]

HEY GENSLER YOUR AGENCY IS CURRUPT - YOU ARE CURRUPT AND BILL HINMAN SHOULD BE IN JAIL, HERE'S TO HOPING YOU BURN IN HELL FOR YOUR CRIMES.

Edited February 9 by HAL1000

[HAL1000]

Pretty much protecting the current big banks/incumbents/deep state/etc at the cost of every one else in the US.

Another snippet of her statement:

Most concerning, though, is that our solution to a registration violation is to shut down entirely a program that has served people well. The program will no longer be available in the United States, and Kraken is enjoined from ever offering a staking service in the United States, registered or not. A paternalistic and lazy regulator settles on a solution like the one in this settlement: do not initiate a public process to develop a workable registration process that provides valuable information to investors, just shut it down.

That's only going to happen for so long and innovators will be fleeing the US in droves.

Full Statement

[HAL1000]