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
What can we do to get him out of office. He is destroying America. Enough is enough! He is destroying America! We need action now!
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Replying to @GOPMajorityWhip @GaryGensler
Nah. Staking is BS. #bitcoin only.
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Replying to @GOPMajorityWhip
@GaryGensler is a rat sellout piece of corrupt… I don’t want to devalue the word shit… democrat? No, not bad enough. I’m stumped.
Replying to @GOPMajorityWhip
FFS Tom, do something about this greasy palmed grub. Yes @GaryGensler you!
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Replying to @GOPMajorityWhip @GaryGensler
Stop talking and do something. All you people do is talk and keep letting the SEC eff up investors.
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Replying to @GOPMajorityWhip
Then do something about it dammit! In any other field especially mine you’re toast if you f up, and everyone is screaming from the roof tops this butt biggest gremlin @GaryGensler is killing retail investors .
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Replying to @GOPMajorityWhip @GaryGensler
Intimidation instead of clarity. The agency is still unable to say what its fabulous sword of Damocles called "digital asset security" actually is. There are no guidelines, no examples. The agency is not even able to create simple forms to register these ghostassets there.
Replying to @GOPMajorityWhip @GaryGensler
Did anyone damaged from not having a handful of legal documents get any of the $30M? Who does that $30m protect? The losers here are US Citizens, not Crypto.
Replying to @GOPMajorityWhip @balajis @GaryGensler
Staking is something you do with shitcoins. Shitcoins are not the next generation of the internet. #Bitcoin is, and it is a commodity with no staking.
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Replying to @GOPMajorityWhip @GaryGensler
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