The Crypto Community's Defiant Reaction to Gensler's Coinbase Lawsuit
The Breakdown
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The SEC's Decision to Ban Crypto and Web Three in the US
The SEC's actions today make clear what many in the industry have long suspected. Under the direction of chair Gensler, the endgame for crypto and web three is about one thing banning the technology. If nobody knows the rules, the SEC gets to make them up as it goes. Neither good actors nor bad actors can defend themselves against such an approach. The more major cases the SEC has active against major crypto players, the harder it will be for Democrats in the House to sign on to legislation on crypto.
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