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
Yes and I’d like you guys to actually do something about it
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Replying to @GOPMajorityWhip @GaryGensler
Time for some oversight on the sec...who are they protecting here...banks? Geez!
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Replying to @GOPMajorityWhip @GaryGensler
You're losing. Do something.
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Replying to @GOPMajorityWhip @GaryGensler
Issues subpoenas and hold him in Contempt. Congress has that right. Otherwise this is Political Theater. SBF bought his yard pass. I have zero doubt the Legacy Banks have also..
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Replying to @GOPMajorityWhip @GaryGensler
Yes, but now, do something! Less talk sir.. PLEASE #GaryGenslerResign
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Replying to @GOPMajorityWhip @GaryGensler
Also, if you watch crypto stocks like coinbase, down 30% in the days leading up to the announcement, you must assume that gary has told someone to short sell.
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Replying to @GOPMajorityWhip @GaryGensler
Pull all of them in not just Garry!!!! And ask the whole commission every one of them the tough questions. He can’t be fired but you sure can cut there funding to 0!!!!!!
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Replying to @GOPMajorityWhip @GaryGensler
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Replying to @GOPMajorityWhip @GaryGensler
There you are I was was waiting on your next tweet about how your gonna do absolutely nothing.
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Replying to @GOPMajorityWhip @GaryGensler
Are there other rules for FTX? 🤔 They had a staking program running when Gary had meetings with them. 😉😎🇨🇭
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