178 sats \ 1 reply \ @orthzar 9 Jun 2023 \ on: Thoughts on Gary Gensler? bitcoin
Gensler is not playing any games, and he's not a stooge. He is a proud US Federal employee. He genuinely believes that the best thing is for the US Federal government to be as successful/powerful as possible.
Gensler was not praising Bitcoin when he said that Bitcoin is a commodity while altcoins are unregistered commodities. He was simply doing what the US Federal government pays him to do: tell people what US laws say.
Gensler never was and never will be a Bitcoiner.
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0 sats \ 0 replies \ @jk_14 9 Jun 2023
I know someone from MIT who knows him and the story was short then
  1. he always had a hop about Howey test
  2. he had accepted Bitcoin and hadn't accepted altcoins/shitcoins like most ppl in MIT
  3. now US Federal government pays him, so why do you expect that he will tell the truth that dollar simply guarantees the loss of its purchasing power
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