
The cryptocurrency industry in the U.S. is attempting to reshape the political landscape through significant financial contributions to Republican Party election efforts. Billionaire crypto entrepreneurs, including the Winklevoss twins, have successfully executed a masterplan to buy political influence with millions in donations. This push comes amid allegations of 'Operation Choke Point 2.0,' a regulatory crackdown believed to have led to the downfall of banks like Silvergate and Signature Bank. David Sacks, the incoming White House Crypto Czar, has called for scrutiny into these regulatory efforts. SEC Commissioner Hester Peirce has also acknowledged the need for regulatory clarity, urging the SEC to address chokepoints, clarify jurisdiction and securities definitions, and work with crypto entities to provide regulatory clarity and adjustments.
[𝕏] Hester Peirce urges the SEC to address chokepoints, clarify jurisdiction and securities definitions, and work with crypto entities on regulatory clarity and adjustments https://t.co/7Ub4T5mvZN
Hester Peirce, Commissioner of the U.S. SEC, believes that the new SEC needs to do three thing: stop chokepoints; clarify what is not within the jurisdiction of the SEC and what is not securities; and work with entities involved in cryptocurrencies to try to figure out how…
A deep dive into "debanking", which crypto advocates, including a16z, claim has been used against them by US political actors and agencies without due process (@patio11 / Bits about Money) https://t.co/PX1k7fovjx https://t.co/mr33fthohC https://t.co/ZOzeer2dpR