What @GaryGensler doesn’t understand is fighting against crypto innovation in America isn’t going to put a stop to it… he is only going to push crypto innovation off American soil.
Then he invented the term “crypto asset security” out of thin air.
This term does not exist in statute and has not been defined anywhere, including within the SEC.
Gensler just made it up and then used it as the basis for his entire “regulation by enforcement” strategy.
If @GaryGensler’s mouth is moving, he is likely lying.
In 2021, Gensler came to the @FinancialCmte and told us he doesn’t believe he has the authority to regulate and police the digital asset industry.
That was clearly a lie. x.com/GOPMajorityWhi…
That was @SECGov’s bread and butter until recently when the SEC admitted regret for confusing the marketplace with its use of Gensler’s made-up term “crypto asset security,” even though that is EXACTLY what Gensler tried and failed to establish many times.
The SEC lies again.
.@JoeRogan is right — a central bank digital currency is terrifying.
That's why we led the CBDC Anti-Surveillance State Act to prevent the Fed from ever issuing one.
The House passed our bill earlier this year. The Senate should follow suit. pic.x.com/umew0zljs7
We need to draw our government back and let people take chances.
Grateful for the opportunity to discuss the future of digital asset policy on the @P2PPolicyPod this morning. pic.x.com/6gcx2ut6xk
If history is any guide, Kamala Harris will throw her political weight behind an Elizabeth-Warren-style approach to digital assets.
She was widely known as the most liberal member of the United States Senate before the media started running cover for her.
The nexus between AI and digital assets seems necessary and inevitable.
The convergence of blockchain and AI can not only improve the trustworthiness of data, but the decentralization of AI data can mitigate single-point-of-failure security issues.
theblock.co/post/307031/di…
Weeding out bad actors on chain requires a clear understanding of their goals.
Proud to support @ZachNunn’s Financial Technology Protection Act to create a working group to help drill down on potentially illicit uses of digital assets and find strategies to prevent it.
Great to see the @SECgov adjust course and allow ETH Spot ETFs to begin trading today.
On second thought, we should actually be thanking the courts. Gary Gensler has got to go.
Artificial intelligence and digital assets are leading us toward a powerful global digital economy.
As AI continues to be integrated into our lives, blockchain technology will play an important role in ensuring that AI data is authentic, immutable, traceable, and transparent. pic.twitter.com/XRJBBJSaAe