SEC Chair Claims Crypto's Moment is Here

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planktonHero Member
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#1Oct 12, 2020, 07:42 PM
SEC Chair just said crypto’s time has arrived. Crazy stuff. Sounds like he’s ready to shake things up.
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SwiftForkMember
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#2Oct 12, 2020, 11:50 PM
Right? The dude promised clarity on token classifications and on-chain capital raising. Are ICOs legit now? Scams gonna keep happening regardless, lol.
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planktonHero Member
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#3Oct 13, 2020, 05:09 AM
Wait, are you talking about Trump? He’s not gonna get a third term, so yeah, there’s a good chance a new president will want to clean house at the SEC.
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CryptoBitNewbie
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#4Oct 13, 2020, 08:47 PM
Exactly, it really depends on who takes over. If the democrats come back, crypto’s gonna face some heat again. They’ve been not so friendly to us.
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planktonHero Member
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#5Oct 14, 2020, 02:25 AM
Bingo. If major US firms start offering crypto services, the president banning it is gonna look really bad. But yeah, Trump’s rules are being oversold. There's a lot of fraud around that impacts big companies.
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#6Oct 14, 2020, 08:03 AM
It’s gonna be a cycle. If Trump’s party loses, Atkins might get the boot for being pro-crypto. But hey, while they’re in, let’s ride this wave.
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planktonHero Member
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#7Oct 15, 2020, 05:04 AM
In the US, the legal precedent is strong. Most SEC cases are settled. The last SEC chief will probably go down in history for raking in fines. Politics may try, but business usually wins.
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