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❕NEWS SEC Asking for Jurisdiction Over All Crypto Exchanges Is 'a Blatant Power Grab,' Says Lawmaker

Y

Yusra31

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Congressman Patrick McHenry of the United States of America has lambasted the Securities and Exchange Commission (SEC) for requesting jurisdiction over all crypto exchanges including those that do not deal in securities. "We don't need another secret deal between Gensler and Elizabeth Warren," he said, adding, "We don't need another obvious power grab that will harm American innovation."
 

Josemendez

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Indeed cryptocurrency should be Decentralized . If government wants to come into it , they should come in such a way that will not affect the exchanges and investors
 

Henrytuedor

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Yeah You Are Right If That Becomes The Same Thing Who Would Like To Have When Crypto Will Be Controlled Centrally No Sense In It Actually
 

Brain

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I so dislike power grab because most times it leads to dangerous manipulation. This is a decentralized network so they need to be careful to avoid clash with investors now or in the future
 

Henrytuedor

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That's Right , You Can Not Them The Complete Authority Else They Will Make Trading Activities Almost Useless For Everyone To Be Honest Actually
 

gammarays

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I think SEC show of shame is becoming glaring. They should come out openly and tell us that they need to generate revenue for the government and not just witchhunting.
 

Henrytuedor

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Well That's Just How An Scripted Show Behaves And Only Those Who Don't Know The Truth About It Get Amused From It Tbh Actually In My Opinion .
 

gammarays

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Well That's Just How An Scripted Show Behaves And Only Those Who Don't Know The Truth About It Get Amused From It Tbh Actually In My Opinion .
Like you noticed it too. They come barking at successful crypto platforms. Later they'll settle for a fee and boom,case closed. I've not seen them make regulations to prevent crypto scams.
 

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The way the government and it's financial institutions control finances is what makes people to look to cryptocurrency. Trying to wrestle that power from the people will not be good.
 

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