In this video, I discuss Gary Gensler's congressional testimony yesterday, in the context of the SEC's ongoing attack on companies issuing unregistered securities and pretending that they are neutral digital assets.
It's quite likely that the main reason Gensler refused to answer Chair Patrick McHenry's questions is because the SEC is actively building a case against Ethereum.
Meanwhile, all of these tokens continue to lose value against Bitcoin, the apex digital asset.
What continues to be quite clear is that Bitcoin is widely regarded by regulators as a digital commodity, without an issuer.
Your crypto is just a mechanism for someone much smarter and much richer to dump on you, whether you understand this or not.
If you own "crypto," chances are that you are helping to fund Bitcoin FUD.
Not investment advice! Consult a financial advisor.
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin #crypto #sec
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