Senator Warren's alleged cover-ups with Chinese executives stir debate in the crypto sector. Read more on CT.
- Sen. Warren faces scrutiny for allegedly covering up financial misconduct by Chinese executives and anti-crypto actions.
- Gary Gensler’s views on crypto ETFs have notably shifted after his appointment as SEC Chair, raising community concerns.
- The evolving regulatory landscape of cryptocurrencies is mired in complexities, legal challenges, and potential conflicts.
Senator Elizabeth Warren, a prominent member of the Senate Banking Committee, is under scrutiny for her alleged involvement in covering up US capital market misdeeds by Chinese executives as expressed on Twitter by Brian Costello, a leading figure in the blockchain sector. Moreover, new evidence has emerged, suggesting potential collusion with financial entities against cryptocurrency interests.
Interestingly, Gary Gensler, the Chair of the SEC and an ally of Senator Warren, previously expressed skepticism over the SEC’s stance on Bitcoin ETFs. Before his SEC appointment, a 2019 video from the MIT Bitcoin Expo reveals Gensler discussing this inconsistency.
He noted the existence of Bitcoin and Ethereum futures while pointing out the absence of Bitcoin ETFs. His observations found resonance during a dialogue with SEC Commissioner Hester Peirce, where he highlighted the substantial similarity between the laws governing these financial instruments, despite not being identical.
Read full article at CryptoTale.