SEC Chair Gensler says investors don’t get ‘needed disclosures’ for crypto assets: CNBC Crypto World

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CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Dave Weisberger, executive chairman of CoinRoutes, discusses Robinhood’s disclosure that the SEC sent a Wells Notice over its crypto operations.

Chapters:
00:00 – CNBC Crypto World, May 7, 2024
0:25 – Bitcoin and ether hold steady
0:43 – The headlines
3:38 – Dave Weisberger of CoinRoutes

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SEC Chair Gensler says investors don’t get ‘needed disclosures’ for crypto assets: CNBC Crypto World

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36 COMMENTS

  1. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.

  2. The SEC “pushing crypto offshore” would be idiotic and deny US investors and leave the US behind in a 21st century world..the rest of the world where crypto is embraced will benefit to the tune of trillions in assets ..bottom line is the SEC and government powers are crapping their pants with our out of control deficits and protecting the legacy financial system based on seriously deflationary fiat currency

  3. It’s just plain dumb to say “SEC has to up its enforcement of crypto”… they FIRST have to lay out the “rules of the road” …regulate after formulating regulations…NOT regulation by enforcement when there are not sufficient regulations

  4. Elect Trump and he will be out. This is the easiest way. Frankly, it's more than crypto because your rent went up, food, and you are less secure. VOTE BIDEN OUT.

  5. Gensler …. Using the HOWEY test as "the law of the land." A guideline that was put to use in 1946 to measure "securities" … Is being used in 2024 to measure "digital assets." If I were a crypto trading firm, getting abused by Gary Gensler, I would pursue that comparison in court, and show that the HOWEY test is not appropriate for digital assets. THE DIFFERENCE BETWEEN THE TWO … Is the expectation of a ROI. Securities have that expectation, when they offer a yield, you expect a return, which is guaranteed by the yield. Cryptocurrencies don't have that guarantee, there is no guarantee you will make money trading crypto, hence, it does not fall under the HOWEY test. I sure wish I could get that across to these companies, so when they are in court they could get this whole idea of the HOWEY test out of the discussion, and prove, just on that alone, that cryptocurrencies are not securities. Seems pretty simple to me. Gensler is a dinosaur. He's poison. He is single-handedly ruining the crypto market in the USA. What a piece of garbage. 🖕🏼

  6. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes

  7. Post Nov 5th he should probably look for a prison that will accommodate him. Someplace in Romania in the carpathian mountains would suffice. Someplace close to his great uncle Renfield.

  8. Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Chloe Linda Henderson🇺🇸🇺🇸🇺🇸..

  9. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.>

  10. You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires..

  11. Ginsler needs impeached, fired, to resign, etc. whatever it takes to remove him from office and make him a bad footnote in history. He is on a personal crusade and hurting American investors as well as America as a whole.

  12. BTC is the king of cryptocurrencies and BTSE is the king of exchanges. With its intuitive platform and responsive support team BTSE makes investing in BTC a smooth and rewarding experience…

  13. This seems like the worst period.

    Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!

  14. Well, crypto is about your own research, of course you don't get needed disclosures sometimes. When I started buying crypto in OWNR I knew almost nothing, I just wanted to buy Bitcoin.

  15. Join the financial revolution with Sealwifhat and elevate your investment game to new levels of success! Embrace the opportunity, take charge, and position yourself for unparalleled growth. #buythedip $SI

  16. Gensler is Avery unimpressive man
    He likes to think of himself as the smartest person in the room
    That might be right if he was in the room will all his friends. You guessed it no one turned up

Comments are closed.