💥Gary Gensler’s Crypto Jab Sparks Fiery Reactions!
On the bustling platform of X, SEC chair Gary Gensler fired off a tweet that really stirred the crypto pot! He mentioned the rampant noncompliance in the crypto world and how it’s shaking investor confidence to its core. 📉 Victims of crypto calamities? They’re just queueing up in court, left feeling pretty helpless, according to Gensler.
But hold on! The crypto community wasn’t having any of it. They quickly clapped back with some fiery words of their own. 🙅♂️💬
bro you’ve never laid out any actual rules, you just hand wave— Shibetoshi Nakamoto (@BillyM2k) December 21, 2023
you’re basically useless in every single way
🧐 Community’s Comeback and a Couple of Jokes!
- How does a cryptocurrency stay warm in winter? It puts on its crypto-knit sweaters! 🧶🪙
- Why don’t crypto investors like to spill their drinks? Because it causes their assets to liquidate! 💦💸
The crypto advocates were fast to highlight the SEC’s murky guidelines on compliance. “Define ‘compliance’, please!” they seemed to say. The famous Community Notes on X turned into a fact-check fiesta, pointing out that despite pleas for clarity, the SEC has been as clear as mud. Even Coinbase tried to navigate this regulatory maze with little success.
Amidst the uproar, some prominent voices like Dogecoin creator Billy Markus and Ripple CEO Brad Garlinghouse weighed in. Markus didn’t mince his words, dubbing Gensler “useless in every single way” 😱, while Garlinghouse spotlighted what he sees as “stunning hypocrisy” and called Gensler a “political liability.”
Stunning hypocrisy from the person who cozied up to the biggest fraud in recent memory.— Brad Garlinghouse (@bgarlinghouse) December 21, 2023
Gensler is a political liability whose actions have decimated consumers and destroyed the integrity of the SEC, while remaining buddy-buddy with Wall Street. https://t.co/hAgjJ9IsGR https://t.co/D3pz4Dq3yy
As the drama unfolded, the SEC, perhaps feeling the heat, expressed “deep regrets” over some oopsy-daisies in enforcement. But Paul Grewal from Coinbase wonders aloud why anyone should take these regrets seriously when their chair is busy giving the entire industry a stern talking-to.
In the grand theater of crypto clashes, it seems the community’s got jokes, jabs, and a whole lot of clapbacks for anyone trying to undermine their digital domain! 🌐💪
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