Quote from: MonaLeeTracy on Today at 03:17:47 PM

Quote from: ARTURVH on August 06, 2021, 01:43:26 AM

https://www.sec.gov/news/public-statement/gensler-aspen-security-forum-2021-08-03
The hyperlink is SEC Chairman Gary Gensler's speech at Aspen Security Forum on August 3.
There are two sentences are worthy of our alert.
"In my view, the legislative priority should center on crypto trading, lending, and DeFi platforms”
"For those who want to encourage innovations in crypto, I’d like to note that financial innovations throughout history don’t long thrive outside of our public policy frameworks.”
Please stay awake. The regulation of the cryptocurrency market will become more and more serious. How do you interpret the sentences?

Perhaps in the future the regulation of the cryptocurrency market will be even stricter with the regulations made by the largest shareholder of bitcoin as conveyed by SEC Chairman Gary Gensler at the Aspen Security Forum. in the future they will focus on the development of a wider crypto with financial innovation that is more secure and controlled.

What he claimed about financial innovations thriving outside of public policy frameworks just doesn't apply to Bitcoin in any way similar to all financial innovations we had in the past of humankind and I am sure he knows it. Bitcoin is completely different from anything there was in history. It can definitely be functional outside of public policy frameworks as we can obviously see at the example of China. What are they going to do? Shoot or hang people for buying or using Bitcoin?