Re: Illuminate this tiny brain of mine because I am focused.
While the SEC are attacking Binance and Coinbase exchanges about listing some tokens that are security, why aren't they telling us why they are security?
What is a security? What are they even talking about? Anyone has a clue? How can they tell which token or coin is security and which is not? How will these exchanges know what they did wrong if there is nothing that proves that a particular token is security?
Gensler will come to a time to be sued by many exchanges and cryptocurrency companies.What is a security? What are they even talking about? Anyone has a clue? How can they tell which token or coin is security and which is not? How will these exchanges know what they did wrong if there is nothing that proves that a particular token is security?
If he failed to say his opinion as a chair of SEC. when Mr. Patrick McHenry asked him that "Is Ethereum a security or a commodity?", what will he do if he has to protect his view as a chair of SEC. when companies and exchanges don't accept what SEC. do against them?
I believe SEC. and Gensler will fail in future. The future of cryptocurrency and cryptocurrency exchanges belong to cryptocurrency users, US. citizens and many people, not only in hands of Gensler and SEC.