02-04-2022, 05:25 AM
How can the SEC say that top cryptos are too volatile and we need protections when g
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/sjtgwy/how_can_the_sec_say_that_top_cryptos_are_too/"> <img src="https://b.thumbs.redditmedia.com/gSGq4FZvW4ViHws1UD6vypKRmGDxie3AecEOes80gXI.jpg" alt="How can the SEC say that top cryptos are too volatile and we need protections when growth stocks are plummeting at record rates?" title="How can the SEC say that top cryptos are too volatile and we need protections when growth stocks are plummeting at record rates?" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>This isn't volatile at all right? </p> <p><a href="https://preview.redd.it/5bby2xdhfof81.jpg?width=1289&format=pjpg&auto=webp&s=2537ff9833e5c55fbce96571c294f70d7f52fc4f">Facebook also just had a 26% drop in less than a day </a></p> <p>Gensler's argument against a BTC ETF is that </p> <p><em>It’s a digital, scarce store of value, but highly volatile,” Gensler said, talking about bitcoin specifically. “And there’s investors that want to trade that, and trade that for its volatility, in some cases just because it is lower correlation with other markets. I think that we need greater investor protection there.”</em></p> <p><em>Gensler later added that he believes bitcoin is a “speculative” store of value and that the SEC should be “technology neutral” when it comes to innovations in markets.</em></p> <p>One of my absolute favorite quotes from Ryan Selkis;</p> <p><strong>I’m sick of feeling like we have to apologize for our early stage and walk on egg shells around politicians and regulators.</strong></p> <p><strong>We built a $2 trillion financial market from scratch in less than a decade with absolutely no institutional help and active encumbrances from government.</strong></p> <p><strong>Meanwhile, banks give you 0.025% interest on your deposits and front run your trades legally, and DC grifters overspend & debase your tax dollars while they insider trade stocks with impunity.</strong></p> <p><strong>Like other early stage, transformational tech markets, there are some characters, some bad actors. But mostly it’s just brave entrepreneurs and innovators.</strong></p> <p><strong>Don’t spit in our face and pretend you’re here to save people from us.</strong></p> <p><strong>We started this movement to save people from you.</strong></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Bwahehe"> /u/Bwahehe </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sjtgwy/how_can_the_sec_say_that_top_cryptos_are_too/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sjtgwy/how_can_the_sec_say_that_top_cryptos_are_too/">[comments]</a></span> </td></tr></table>Kind Regards R
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/sjtgwy/how_can_the_sec_say_that_top_cryptos_are_too/"> <img src="https://b.thumbs.redditmedia.com/gSGq4FZvW4ViHws1UD6vypKRmGDxie3AecEOes80gXI.jpg" alt="How can the SEC say that top cryptos are too volatile and we need protections when growth stocks are plummeting at record rates?" title="How can the SEC say that top cryptos are too volatile and we need protections when growth stocks are plummeting at record rates?" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>This isn't volatile at all right? </p> <p><a href="https://preview.redd.it/5bby2xdhfof81.jpg?width=1289&format=pjpg&auto=webp&s=2537ff9833e5c55fbce96571c294f70d7f52fc4f">Facebook also just had a 26% drop in less than a day </a></p> <p>Gensler's argument against a BTC ETF is that </p> <p><em>It’s a digital, scarce store of value, but highly volatile,” Gensler said, talking about bitcoin specifically. “And there’s investors that want to trade that, and trade that for its volatility, in some cases just because it is lower correlation with other markets. I think that we need greater investor protection there.”</em></p> <p><em>Gensler later added that he believes bitcoin is a “speculative” store of value and that the SEC should be “technology neutral” when it comes to innovations in markets.</em></p> <p>One of my absolute favorite quotes from Ryan Selkis;</p> <p><strong>I’m sick of feeling like we have to apologize for our early stage and walk on egg shells around politicians and regulators.</strong></p> <p><strong>We built a $2 trillion financial market from scratch in less than a decade with absolutely no institutional help and active encumbrances from government.</strong></p> <p><strong>Meanwhile, banks give you 0.025% interest on your deposits and front run your trades legally, and DC grifters overspend & debase your tax dollars while they insider trade stocks with impunity.</strong></p> <p><strong>Like other early stage, transformational tech markets, there are some characters, some bad actors. But mostly it’s just brave entrepreneurs and innovators.</strong></p> <p><strong>Don’t spit in our face and pretend you’re here to save people from us.</strong></p> <p><strong>We started this movement to save people from you.</strong></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Bwahehe"> /u/Bwahehe </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sjtgwy/how_can_the_sec_say_that_top_cryptos_are_too/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sjtgwy/how_can_the_sec_say_that_top_cryptos_are_too/">[comments]</a></span> </td></tr></table>Kind Regards R