Gary Gensler's Blundering SEC Mirrors Biden's Incompetence

RealClearMarkets ^ | 3/6/24 | Gerard Scimeca

[EnderWiggin1970]

Touting historically low approval ratings rivaling that of paper cuts and hay fever, one might think Joe Biden and his handlers cared enough about voter sentiment to address the more problematic areas of his administration serving to inflame his unpopularity.

An obvious place to start would be to cut bait with the capricious, reckless, and rogue Chairman at the Securities and Exchange Commission (SEC), Gary Gensler. That Biden has yet to remove the haughty Gensler is an affirmation of all that is wrong with his presidency and the SEC itself, whose continued bungling has drawn the ire of millions of American investors.

After 10 years of denials, last month the SEC approved a number of spot Bitcoin exchange-traded funds (ETFs), even as Gensler himself continued to denounce them. While the occasion represents a watershed moment for digital assets in the U.S., the approval was given grudgingly by a Commission boxed into a legal corner.

As blockchain trends heavily in global markets, Gensler and his fellow Democratic commissioners are bound and determined to keep America in a crypto Ice Age, having time and again vented their bias against blockchain technology. Thankfully the courts continue to rebuke the SEC's illegal claims of power aimed at regulating nearly all crypto as a security.

[EnderWiggin1970]

Gensler and his out-of-control mafia thugs have been operating without constitutional or legislative authority for a long time, wreaking tremendous damage on American investors as they go. Every American investor and business driven overseas by their crusade to maintain the power of the elites represents another step closer to the collapse of American freedom and prosperity.

[hillarys cankles]

He has done major damage to the Crypto market, a still growing world wide market. As an XRP holder, I despise this POS.

[cuz1961]

plus
o% interest,

0 down,

zero penalty

( no consequence for non payment )

house loans.

anyone remember the 2008 sub prime housing bank collapse ?

now picture the crash that will result by

giving MILLONS of invaders

0 down
0 interest
0 penalty

house loans...

[Basket_of_Deplorables]

Genslar’s real assigned job is to do whatever it takes to prevent ANYTHING that might challenge the coming CDBC, and prevent Free Speech via blockchain.

A feee, open source, blockchain library could not be censored. So they went after it. And killed it.

By issuing “arbitrary and capricious” rules and enforcement, he ensures big investors won’t touch anything blockchain. But he was forced to approve bitcoin ETFs, kicking and screaming all the way.

Control Freaks HATE blockchain.