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The SEC's actions under Chair Gary Gensler are criticized for targeting Ethereum after losing legal battles against Ripple and Grayscale. Reports suggest Gensler aims to classify ETH as a security, contrary to CFTC's assessment. Critics argue the SEC is overstepping its authority and wasting taxpayer resources.
The SEC picked fights with the industry and is losing badly in the Courts. They’re now fighting fellow regulators like the CFTC, and falling behind international counterparts. At what point will the SEC realize they will lose the war against ETH just as they lost against XRP? https://t.co/rG66npldf4
at what point does @GaryGensler's illicit campaign against crypto wasting millions in SEC and taxpayer resources in failed court cases and sanctions seemingly defying his own agency's prior determinations (e.g., approving CME futures for ETH but now likely posturing that it's a…
Imagine losing to XRP then going after Ethereum. SEC fixin to get clapped