Forcing Utility On The SEC

[zasad@]

Forcing Utility On The SEC
https://thedefiant.io/forcing-utility-on-the-sec/
"The U.S. Securities and Exchange Commission under Chair Gensler is a rigid challenger of the crypto industry in its aggressive application of an age-old regime to digital assets.  Even without the 97 enforcement actions and billions in imposed penalties, the SEC has effectively impaired the industry from advancing digital innovation and technology by stalling approval of broker-dealers, denying ETFs, and thwarting lending programs."
https://www.cornerstone.com/wp-content/uploads/2022/01/SEC-Cryptocurrency-Enforcement-2021-Update.pdf

What do you say about it?

[1714847064]

1714847064

[fiulpro]

Forcing Utility On The SEC
https://thedefiant.io/forcing-utility-on-the-sec/
"The U.S. Securities and Exchange Commission under Chair Gensler is a rigid challenger of the crypto industry in its aggressive application of an age-old regime to digital assets.  Even without the 97 enforcement actions and billions in imposed penalties, the SEC has effectively impaired the industry from advancing digital innovation and technology by stalling approval of broker-dealers, denying ETFs, and thwarting lending programs."
https://www.cornerstone.com/wp-content/uploads/2022/01/SEC-Cryptocurrency-Enforcement-2021-Update.pdf

What do you say about it?

I think all we have to say for this is to *wait*
Soon enough all the countries would be fighting to make crypto mining a more favourable thing in their country to attract not only more tax but more internal security, give people access to financial strength and at the same time they would ofc try and take over the mining industry and make innumerate amount of money.

The US is kind of a double edged sword, they might be allowing the bigger parts but at the same time there is no way that they are this lenient to allow the small business owners like even the price to get a license and permission to do something is ridiculous which most bodies cannot pay and thus have to shut it down.

People need to take this issue up as well and advertise it more so that more reforms can be made.

[Hydrogen]

Americans renouncing US citizenship in record numbers to move to puerto rico and pay 5% income taxes, is one method of attempting to force utility on the SEC.

Americans are renouncing their citizenship in record numbers

According to a recent survey of government data, 5816 Americans renounced their citizenship in the first six months of 2020. That is more than a ten-fold increase from the last six months of 2019, when 444 citizens gave up their passports.

The surge in renunciations during the first half of 2020 also breaks a record set in 2016 when 5,409 Americans gave up their citizenship over the course of the year. And it already outstrips the record level of renunciations that occurred in 2016 when 5,409 people in the United States turned in their passports.

https://finance.yahoo.com/news/americans-renouncing-citizenship-record-numbers-200000447.html

I would have to imagine capital flight could become a legitimate issue for the united states in the future.

The SEC is only a symptom of larger trends which exist at the highest levels of american leadership and regulation. While many disagree with the direction america has taken, these types of disagreements are seldom resolved quickly or cleanly, I think. It will take time. At worst it could take decades or centuries.