An Open Letter to Gary Gensler
Howdy, investors!
Read on to explore more!
An Open Letter to Gary Gensler
Dear Mr. Gensler:
Unlike many of my colleagues in the digital assets industry, I sympathize with you.?
I feel that yours is one of the most difficult jobs in government, since one prong of your mission at the SEC is to “protect investors.”
The irony, of course, is that investors must be protected from themselves.?
I see the SEC pursuing investor protection in two primary ways:* reactively (though lawsuits and litigation), and proactively (though education and advancement).
While the SEC’s numerous lawsuits have made the headlines under your leadership (reactive), I suggest your agency invest even more into education (proactive).
Under your leadership, the SEC should focus less on litigating and more on educating.
Here I want to compliment you on a few educational initiatives I’ve seen under your administration, and suggest how you could double down.
Premium Power-Ups
New Blockchain Investor Scorecard: Cosmos (ATOM)
We're happy to release our latest investor scorecard on Cosmos (ATOM).
While this is a new scorecard, Cosmos dates back to 2014. They published their initial whitepaper in 2016, and the ATOM token was launched in 2017.
Users can now earn ATOM through a hybrid proof-of-stake algorithm. ATOM staking secures the project’s flagship blockchain, Cosmos Hub, while also playing a role in the network’s governance.
Cosmos claims to solve some of the blockchain industry's hardest problems, namely, moving away from slow, expensive, unscalable, and environmentally unfriendly proof-of-work blockchains onto ecosystem-connected blockchains.
So, why are people investing in ATOM aside from staking rewards -- and should you consider it??Read our Blockchain Investor Scorecard to find out.
Not yet a Premium member??Sign up?now?to get access to our industry-leading library of investor scorecards.
Must Read
Coinbase and the SEC are entangled in a crucial legal battle, with the future of crypto regulation at stake. The court's decision is highly anticipated, but recognizing the complexity and far-reaching consequences, the judge refrained from immediate judgment, indicating the matter might ultimately require legislative intervention from Congress.
领英推荐
In just a week of trading, bitcoin ETFs have surpassed silver ETFs in the U.S. by assets under management (AUM). The collective bitcoin ETFs now manage about 647,651 bitcoins, valued at $27.5 billion. The robust market response, characterized by high trading volumes and competitive fee structures, signals a strong appetite for crypto-based investment products.
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Fidelity's proposed spot Ethereum ETF, extending the deadline to March 5, 2024, from the initial date of January 20. While the approval of Ethereum ETFs is uncertain, a prediction market indicates a slightly more than even chance in favor of their approval.
ICYMI
Meet the 11 new ETFs, and our research on each.
+ what we can learn from history.
Plus, our crypto trends for 2024.
Is $MSTR a good buy?
Activism is the only way out.
Best Stablecoin Interest Rates
Click here to see our current rates, updated weekly.
Note: Nexo rates are dependent on your?Nexo Loyalty Tier, which is based on the number of Nexo tokens held in your account. Your rates may vary.
Share This Meme?