EddieJayonCrypto

 12 Dec 22

tl;dr

There are just too many things swirling around crypto and too much of it aligns. Here is what is on my mind today.1. Rep. Tom Emmer (R) is calling Gary Gensler onto the carpet saying the SEC has failed to capture key information from crypto companies. Thusly, he was caught with his pants down as FTX...

There are just too many things swirling around crypto and too much of it aligns. Here is what is on my mind today.

1. Rep. Tom Emmer (R) is calling Gary Gensler onto the carpet saying the SEC has failed to capture key information from crypto companies. Thusly, he was caught with his pants down as FTX exploded in his face. Meanwhile, Sen. Jon Tester is running around saying crypto shouldn't even exist. I put him in the same bucket as Elizabeth Warren.

2. There is also a report out by Reuters saying the DOJ is split over bringing charges against CZ and Binance.

3. In a response to Grayscale's suit brought against the SEC, the SEC says there is no inconsistency in their decision to deny conversion of the Grayscale Bitcoin Trust (GBTC) into a spot bitcoin exchange-traded fund (ETF).

4. Should Genesis file for bankruptcy, all except for true crypto believers will most likely flock back to banks.

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