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I think there's a reasonableiddle ground and that the SEC waited far too long to take a stance. Allowing companies like Block One, Solana, and IOHK to start up
by PretzelPirate 3y ago
I think there's a reasonableiddle ground and that the SEC waited far too long to take a stance. Allowing companies like Block One, Solana, and IOHK to start up and offer highly-centralized "crypto" assets to US consumers put those consumers at risk of "highly volatile crypto" + centralized control.
The SEC did the right thing when suing Ripple, but they've missed opportunities to go after bad actors who were misrepresenting their product as a decentralized network, and now retail investors will be the one who lose.
In my opinion, they've failed to act in a reasonable time frame and their inability to do their job will end up hurting common people in the US. I'd like to see Gary Genslar held accountable for his mistake. It's not like he is ignorant around crypto assets and he even evangelised his friends blockchain network to his students when he was teaching at MIT.