❗ XRP READ THE SEC IS A JOKE ❗
❗ Hi, Haven't been able to post so just getting to it now but let's cut the chit chat and just face the facts. The SEC is an absolute joke. Seems like they are just hellbent on bringing crypto down and Gensler is leading the whole charade. The SEC continues to strike down crypto and companies and yet when those same companies ask for regulatory assistance and aid the SEC is anything but helpful and compliant themselves.
❗ Not even doing any TA today, this wasn't caused naturally, we had the micro crash because we failed to regain the 200 EMA and the SEC rejected BlackRock as well as Fidelity's BTC ETF's stating they we're inadequate and not clear causing a lot of whales to sell-off. It's a funny statement from the SEC considering these are two of the worlds biggest asset managers. Clearly they have the best people working on the filings and yet still it wasn't clear enough for the SEC. So when will the SEC start to put in some effort with integrating crypto and assist these asset managers through the filings and process?
❗ Only effort they've put in is saying no and suing practically as many crypto's as they could, not to mention most of these are Proof of Stake blockchain's with high security and validity, tracking for any tax/fraud purposes so all the more confusing as to why unless Gensler simply want's to bring the whole industry down.
❗ In the process he's killing the crypto hope for the U.S and with it, has created a mass migration of crypto companies out of the U.S further diminishing the chances of the U.S being any real player when it comes to the future of crypto. This isn't me saying the SEC as a whole is bad. But the man leading it, Gensler, clearly has an agenda and continues to strike down anything without real just cause.
❗ Only time will tell but for better or worse, at one point or another the SEC will be done with it's cases and by then the U.S will either become a player in the crypto industry or a player that missed the shot completely and got left behind. We'll simply have to see but no doubt the XRP case settlement will be the biggest catalyst for all of this in the coming weeks/months.
❗ I'll leave it at that but wanted to rant a bit about the SEC being led by Gensler. I respect government but at this point it's a joke. Countless companies have complained about the SEC's poor response when asking for regulatory advice/compliance only for the SEC to instead quickly respond with lawsuits and all the more hurting crypto. Things have to change. And that change will be with Gensler out of a seat he doesn't deserve. Any likes or follow's are always appreciated, thanks and feel free to share.
~ Rock '
❗ Not even doing any TA today, this wasn't caused naturally, we had the micro crash because we failed to regain the 200 EMA and the SEC rejected BlackRock as well as Fidelity's BTC ETF's stating they we're inadequate and not clear causing a lot of whales to sell-off. It's a funny statement from the SEC considering these are two of the worlds biggest asset managers. Clearly they have the best people working on the filings and yet still it wasn't clear enough for the SEC. So when will the SEC start to put in some effort with integrating crypto and assist these asset managers through the filings and process?
❗ Only effort they've put in is saying no and suing practically as many crypto's as they could, not to mention most of these are Proof of Stake blockchain's with high security and validity, tracking for any tax/fraud purposes so all the more confusing as to why unless Gensler simply want's to bring the whole industry down.
❗ In the process he's killing the crypto hope for the U.S and with it, has created a mass migration of crypto companies out of the U.S further diminishing the chances of the U.S being any real player when it comes to the future of crypto. This isn't me saying the SEC as a whole is bad. But the man leading it, Gensler, clearly has an agenda and continues to strike down anything without real just cause.
❗ Only time will tell but for better or worse, at one point or another the SEC will be done with it's cases and by then the U.S will either become a player in the crypto industry or a player that missed the shot completely and got left behind. We'll simply have to see but no doubt the XRP case settlement will be the biggest catalyst for all of this in the coming weeks/months.
❗ I'll leave it at that but wanted to rant a bit about the SEC being led by Gensler. I respect government but at this point it's a joke. Countless companies have complained about the SEC's poor response when asking for regulatory advice/compliance only for the SEC to instead quickly respond with lawsuits and all the more hurting crypto. Things have to change. And that change will be with Gensler out of a seat he doesn't deserve. Any likes or follow's are always appreciated, thanks and feel free to share.
~ Rock '
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