To be clear, staking enables more people to participate in building the next generation of the internet. @GaryGensler’s regulatory purgatory strategy hurts everyday Americans the most - leaving them in the dust while these opportunities are accessible offshore.
Gary Gensler
 @GaryGensler
Feb 9
Today @SECGov charged Kraken for the unregistered offer & sale of securities thru its staking-as-a-service program. Whether it’s through staking-as-a-service, lending, or other means, crypto intermediaries must provide the proper disclosures & safeguards required by our laws.

Feb 9, 2023 · 9:41 PM UTC

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Replying to @GOPMajorityWhip @GaryGensler
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Replying to @GOPMajorityWhip @GaryGensler
welcome back Mr. Emmer, but can you do anything besides talk?
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Replying to @GOPMajorityWhip @GaryGensler
Words no longer suffice, we need action from Congress.
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Replying to @GOPMajorityWhip @GaryGensler
Yessir - Nothing new here from Gary and his tradfi cronies. Not the slightest bit surprising. No idea how conflict of interest and negligence aren't brought up more often to counter.
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Replying to @GOPMajorityWhip @GaryGensler
What are you going to do about it Tom. From what I've learned, Congress never gave the SEC this kind of power. And agency that cannot even show you a list of what is or is not a security.
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Replying to @GOPMajorityWhip @GaryGensler
You're literally letting him write the rules. That's your job and you're not doing it
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Replying to @GOPMajorityWhip @GaryGensler
You tell em Tom! King of Tweets and Letters. 😂
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Replying to @GOPMajorityWhip @GaryGensler
Time to put together functional legislation, complaining on twitter from the catbird seat only gets you credit for so long
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Replying to @GOPMajorityWhip @GaryGensler
All words and no action
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Replying to @GOPMajorityWhip @GaryGensler
Hey Tom, have you given back the money FTX paid you to stop the SEC from investigating them?
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