Episode 498: Meet Breaking Chains Crypto
Breaking Banks
The Flow on Effect of Gensler's Affiliation With the SEC in This Case
Gensler was taught crypto and blockchain at MIT before he became the SEC chair. He knows the product inside and out. The problem is fraud is fraud, right? It doesn't matter what you do to regulate. Where there's a will, there's a way to conduct some nefarious activity on a large scale. And we see it with the Adani mining thing at the moment. We see this everywhere. But I think a bigger problem is the way it was done. You don't come out and make a statement that causes the stock market to crash because you don't have enough security against GBTC or GBTC grayscale. Elon Musk has caused a dislocation in the underlying
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