Major Crypto Bill Passed! Congressman Richie Torres
The Wolf Of All Streets
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The Problems With Regulation by Enforcement
The legislation regulates digital assets it brings regulatory clarity where it not exists. The bill also protects crypto companies from arbitrary enforcement actions on the part of the SEC. I compare Gary Gensler to an overzealous traffic agent Who tickets drivers for speeding? Without telling them the speeding limit right Gensler refuses to reveal the speeding limit. He has not issued a single rule Clarifying the application of securities law to crypto assets. There has been mixed messaging between the two market regulators the SEC and the CFTC And then there's been mixed messaging within the SEC itself. If you have no clarity about the law Then you have no ability to follow it, you know clarity is the cornerstone of compliance.
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