Gensler Wants Crypto To Be In The Hands Of Wall Street
While I thought Gensler's goal was to destroy crypto, I have looked at things again. He is a Goldman Sachs guy. His goal is not to destroy crypto.
In this video I discuss how Gensler is going after companies so that crypto can be handed over to Wall Street. This is what Gensler is doing. His goal is to remove all the competition so Goldman and JPM can sweep in and become the gatekeepers.
▶️ 3Speak
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I never took it that Gensler wanted to destroy crypto, just control it. Although if you look at a lot of his rhetoric he seems like a hardcore bitcoin maxi. Right now the SEC going after Binance and Coinbase seem to be very much removing the competition for Wallstreet to come in and seem like saviors - but ultimately be the gatekeepers.
Summary:
In this video, the speaker discusses what he perceives as corruption within the U.S. government, specifically targeting Gary Gensler, the head of the SEC. The speaker accuses Gensler of attempting to destroy the cryptocurrency industry and being biased towards Wall Street. He claims that Gensler's actions are corrupt and detrimental to the industry, suggesting that the regulations put in place are meant to benefit major banks and exclude smaller players. The speaker advocates for decentralization and emphasizes the unstoppable nature of open-source decentralized systems.
Detailed Article:
The video begins with the speaker alleging corruption within the U.S. government, with a focus on Gary Gensler, whom he accuses of being thoroughly corrupt and out to destroy the cryptocurrency industry. The speaker points out Gensler's statements about the U.S. dollar being the only necessary currency and implies that Gensler's actions are meant to push cryptocurrency towards Wall Street and major banks.
The speaker highlights Gensler's actions against companies like Coinbase and Binance, suggesting that the lack of response from the SEC to inquiries from these companies is a sign of corruption. He goes as far as suggesting that Gensler should be tried for treason due to his alleged actions.
The speaker then transitions into discussing the inevitable rise of decentralized systems and the irrelevance of centralized exchanges in the future. He emphasizes the power of open-source decentralized systems, claiming that they cannot be stopped, especially when they are global in nature.
Furthermore, the speaker expresses his frustration with regulators like Gensler, accusing them of trying to protect incumbents and exclude newcomers in the cryptocurrency space. He advocates for a decentralized approach, urging the community to build their infrastructure and liquidity pools independently of centralized institutions.
The speaker concludes by predicting the imminent decentralized future of various industries, asserting that centralized platforms will face challenges and may become obsolete. He stresses the need to resist corrupt regulators like Gensler and work towards decentralization and independence within the cryptocurrency space.
In summary, the video revolves around allegations of corruption within the U.S. government, particularly targeting Gary Gensler, and advocates for decentralized systems within the cryptocurrency industry. The speaker emphasizes the unstoppable nature of open-source decentralized systems and encourages independence from centralized institutions and regulations.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.