The corruption runs deep. Is this Gensler's fair haired boy after SBF went rogue?
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Guess so but, this is the best they could do?
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This is what institutional "adoption" of shitcoins looks like.
A complete clusterfuck of crony capitalism with a blockchain as a lube.
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Here's a video of the hearing:
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SEC is overtly evil now
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Reading down the replies, on Twitter, it looks like ace reporter Laura Shin is already on the case. She said to listen to her podcast on Friday.
Laura's excellent at digging down into stuff like this.
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The gov is in on the shitcoins the fed is breaking unfriendly ones just like they are killing small banks
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Strange indeed! I encourage everyone to read the thread
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