Here’s a quick rundown of just some of the responses out there to the SEC’s attack on crypto:
Senator Bill Hagerty – “The SEC is weaponizing their role to kill an industry. Allowing a company to list publicly and then stonewalling their attempts to register is indefensible. Expect to hear from Congress.”
Senator Cynthia Lummis – “… The SEC’s continued reliance on regulation by enforcement continues to harm consumers.”
Cameron Winklevoss – “Being sued by the SEC used to mean you probably did something wrong. Now it means you’re probably doing something right.”
Jim Cramer – “All these crypto assets seem to be fraudulent, and I want you to get out of them”
Zmanian – “The claim NewTendermint is a significant contributor to Cosmos. No contribution occurred.”
$COIN CEO Brian Armstrong:
Regarding the SEC complaint against us today, we're proud to represent the industry in court to finally get some clarity around crypto rules.
1. The SEC reviewed our business and allowed us to become a public company in 2021.
2. There is no path to "come in and…
— Brian Armstrong 🛡️ (@brian_armstrong) June 6, 2023
$COTI‘s Shahaf Bar-Geffen says a lot and nothing at all in a three-piece Twitter thread:
@COTInetwork celebrates its fourth anniversary of successfully launching its mainnet, while fear and uncertainty shadow our industry, with the latest SEC vs @Binance @cz_binance vs @coinbase situation.
— Shahaf Bar-Geffen (@shahafbg) June 6, 2023
Ripple’s ($XRP) Brad Garlinghouse:
If it wasn’t already clear, it should be now – Chair Gensler’s laughable “pro-innovation” stance (as he said today), is exactly the opposite. What this also tells me is that the SEC is throwing lawsuits at the wall and hoping they distract from the agency’s FTX debacle.
— Brad Garlinghouse (@bgarlinghouse) June 6, 2023
The Cardano Foundation, in a typical professional fashion, tweeted it disagreed with the SEC’s classification of $ADA as a security:
“The Cardano Foundation disagrees with the recent qualification of ADA as a security under US law. We look forward to the continued engagement with regulators and policymakers to achieve legal clarity and certainty on these matters. – @F_Gregaard as quoted in @FortuneMagazine. https://t.co/ewYso7kWBE
— Cardano Foundation (@Cardano_CF) June 6, 2023
Just a taste of what’s going on and being said out there – and they keep piling up.