Gary continues to telegraph.
This is a typical government signal. The big boys delegate, pick a regulator or czar, then take the leash off.
By the way Gary is talking, they picked him.
Also the rats are abandoning ship. Coinbase has been postering for a month, binance restructuring. They know the shits going to hit the fan.
The purge is brewing.
I agree I can feel it too just didn’t know if there was anything concrete today.
Why would they only attack some sh*tcoins and not all crypto tokens ?
They are going to attack all of crypto. He’s being very open about that.
Any “ token” attached to a pair of wrists that can get handcuffed, is done if it doesn’t register.
There’s very little outside of Bitcoin that isn’t going to be classified as a security. If there’s a person to go after or a foundation/company they’re going to. They view Bitcoin as a commodity and everything else as a security. Ethereum may be able to lobby its way out of it, but I’m kinda doubting even that. Even if the ETH token its self isn’t, virtually all the other activity on that chain will be.
He’s already stated that he considers Eth a security.
Right and I have no doubt he feels that way but there’s a lot of money behind the whole ecosystem and I have a feeling they may be able to change his opinion. For the record my opinion is it absolutely is a security and also a scourge. There are a couple of other “cryptos” out there that also may not be securities (maybe Litecoin and Monero) but I doubt they’re going to take a very nuanced view of this.
There’s no opinion to change. He’s not in charge. He’s the chosen regulator.
His public statements are the telegraphing of administrative decisions as a result of FTX.
The great filter event is unfolding. Anything that is not sufficiently decentralized will be forced to register with the SEC. If you can put handcuffs on it, it will be forced to register.
The only thing that can make it through the great filter event are things that are actually decentralized.
So litecoin and Monero might make it, because they are PoW and there are people mining it in their homes. So they will be left to die slowly from market attrition like Dogecoin.
Eth, Sol, Xrp, are toast and anything built on top of them are captured.
Exchanges are the biggest indicator. Because they are most vulnerable to the SEC. This is why Brian Armstrong has his ass all in a pucker these days, because he already knew what is just coming to light now.
90% of shitcoins will be gone in a year from now. Eth will probably die a slow painful death.
