In this video, I discuss the significant news of the SEC charging Kraken for operating as an unregistered securities exchange broker and dealer, a development that has stirred concern among cryptocurrency holders. I delve into the broader context of the SEC’s ongoing conflict with the crypto industry, highlighting past cases against Binance, Coinbase, and Ripple. I emphasize the political aspects of these actions, suggesting that the SEC’s moves are strategic and politically motivated, particularly against the backdrop of broader issues in American politics. I also cover the implications for various altcoins, with a focus on ADA (Cardano) and its unique situation, including its ICO launch in Japan and its distinction from other cryptocurrencies.
Furthermore, I touch upon the supportive stance of various figures and scholars in the crypto industry and the legal arguments that favor cryptocurrencies. The video aims to provide clarity and perspective on these legal battles, underscoring my belief that the law currently sides with the crypto industry, despite the uncertainty and challenges posed by the SEC’s actions. Finally, I encourage viewers to share their thoughts and subscribe for more updates on this evolving story.
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0:00 Intro
1:10 It’s all political
2:25 Will America get this right?
3:30 SEC mentions Cardano
4:30 Crypto has law on its side
5:00 Coinbase vs. SEC context
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27 Comments
I was already shook out of 24 plus sol with the Robinhood shit
Someone should give SEC ,🍌🍒
If all the people want to call President Trump of being racist although they can't point out specifically a time where he was. That's because DEMOCRATS started all the hate mongering for someone who just wanted to help his country. Now you have democratic hatred against the entire ecosystem forming baseless allegations. Just like Trump!
I mean at some point it doesn't the SEC have to get a win just by the law of averages LOL?!
Gary fudding again, so him and his buddies at the old boys club can grab some bargain priced coins.before the face melting bull market. I think it is important to remember that just a few years ago, Gaz was literally creaming in his pants when talking about crypto. Why the big U turn Gary? Get your palms greased?
Buy the dip!
They don’t want the bull run they’re tired of being front run by regular folks
I think if we get a dip from this FUD I’m a scoop it up ASAP! 😂 the SEC is quickly loosing any credibility they had which will diminish their impact on the market.
They have an endless pile of money. It's sad we let them do this.
sec is trying to keep or even kill Cardano, Algorand & Solana.sec is doing the bidding of a select few.Didnt they say they were going to fire that lizard ass gary?Get rid of that corrupt lizard
Im a registered Democrat for every reason except for their position on crypto. Just remember its NOT ALL dems
You see it doesn’t matter if it’s red or blue the entire government at the top levels is corrupt. Hard to fight a corrupt system. Especially when $$$$$$ is involved. They don’t like the competition
I agree – its an SEC smear campaign that can do alot of damage – just keep standing up to it Dan. I’m with you!
so simple yet so good!
SEC is after Kraken because Cardano wants to join forces… this is Gary's way to try to pave way for Eth and Btc… Not going to work.
Long live Cardano!!!!
I am not sure if it’s just me , but even after this came out today , cryptos aren’t droppingnowhere near as much as they did early this year and even before that .
Maybe people are finally seeing through this bull and ADA is staying strong .
Opinions ?
Cut the shit Dan I’m a democrat and pro crypto.
How about ETH ?!?!?!?!?! Is it security or not?!?!?!?!
ADA não teve ICO nos EUA.
Shouldn't they focus on a etf first. The
guy thinks he can do everything at once
Ure the man Dan 💪
Does anyone in their right mind take gensler seriously? He’s an absolute peasant
Does anyone in their right mind take gensler seriously? He’s an absolute peasant
Gary must be doing this to take crypto away from weak retail investor hands before they pump it all with ETF approvals etc.
Does anyone in their right mind actually take gensler seriously? He’s an absolute peasant
Does anyone in their right mind actually take gensler seriously? He’s an absolute peasant
The SEC does not protect investors. It sabotages them!