Former Bloomberg analyst Jamie Coutts CMT wrote on the X platform that it is either decentralized or regulated as a security.
I have always believed that cryptocurrencies need to deliver on their promise and demonstrate true decentralization. FIT21 is based on Hester Peirce's safe harbor proposal: a single issuer cannot control more than 20% of digital assets. Details make or break, but Hestor Pierce's mission is finally coming true. Remember, her original proposal was proposed in 2019, and over the past five years, innovation, jobs, and productivity have all suffered, not to mention the scavenging, fraud, and greed that have harmed ordinary investors.
Gary Gensler, along with the leaders of Covid regulators (CDC, FDA, NIH, etc.), became the most politicized and disruptive regulator in modern history.
Former Bloomberg analyst: Cryptocurrencies need to live up to their promise and demonstrate true decentralization
2024-05-22 02:05:49
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