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Gensler Aims at PayPal Stablecoin 🚨SEC vs Crypto

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Title: Exploring Recent SEC Activities: Taking on PayPal and the Future of Financial Institutions

Introduction:
In recent times, the Securities and Exchange Commission (SEC) has been making headlines with its actions against major players in the financial industry. One such case is its scrutiny of PayPal and its $156 million market cap stablecoin, PUSD. This article delves into the details of the SEC’s activities, the potential reasons behind its actions, and the implications for the future of financial institutions.

Section 1: PayPal’s Subpoena and the SEC’s Regulatory Obligations
The SEC’s subpoena of PayPal regarding its stablecoin launch marks a significant development in the regulatory landscape. PayPal introduced the stablecoin in August, becoming one of the first major players to do so. The SEC’s actions raise questions about its stance on cryptocurrencies and its regulatory obligations. This section explores the potential reasons behind the SEC’s actions and the implications for PayPal’s future in the financial industry.

Section 2: The Debate on Financial Institutions and Cryptocurrencies
The SEC’s actions against PayPal raise broader questions about the future of financial institutions and their involvement in cryptocurrencies. While PayPal faces scrutiny, other major players like Fidelity have not been approached yet. This section discusses the potential reasons behind the SEC’s selective targeting and the implications for the industry as a whole. It also explores the potential impact of a bitcoin ETF and the role of institutional investors in the cryptocurrency market.

Section 3: The SEC’s Handling of Crypto Accounting Bulletin
The SEC’s recent handling of the crypto accounting bulletin has drawn criticism and raised concerns about its adherence to the law. The article highlights the controversy surrounding the bulletin and the potential consequences for investors and financial institutions. It also discusses the responses from lawmakers and the SEC’s role in protecting investors.

Section 4: MicroStrategy Stock vs. Spot Bitcoin ETF
MicroStrategy CEO Michael Saylor has argued that investing in the company’s stock offers advantages over a spot Bitcoin ETF. This section examines Saylor’s perspective and the potential benefits and drawbacks of each investment option. It also considers the opinions of industry experts and the implications for investors seeking exposure to Bitcoin.

Conclusion:
The SEC’s recent activities, including its actions against PayPal and its handling of the crypto accounting bulletin, have raised important questions about the future of cryptocurrencies and financial institutions. As the regulatory landscape continues to evolve, it is crucial for investors and industry players to stay informed and adapt to the changing environment. The decisions made by the SEC will have far-reaching implications for the industry, and it is essential to closely monitor their actions and their impact on the market.

Tags bitcoinbitcoin etfcryptocrypto newsEthereumGary GenslerpaypalsecstablecoinstablecoinsUSDC
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20 Comments

  2. Microstrategy could have purchased Ethereum then staked the Ethereum for income which plain vanilla spot Ethereum ETFs can't do.

  3. "Everything is a security including the Pokeman cards" !! I really enjoyed that one, Paul. Thank you and your team for your daily work on behalf of the crypto army.

  8. Why Gary is going after PP …Cuz… they are offering a better place to put your money 4.30% savings account and you can skirt the banks who refuse to let you buy crypto using paypal to buy crypto. You know Gary trying to protect his bank buddies. Too late … the horse has left the barn. All he is doing now is whackamole. These companies obviously looked into all the legal ramifications (Fidelity aint no slouch like SBF). SBF didn't even have a board of directors and when one investor told them to get one they literally told him …GFYS.

  9. Congress was right, Gensler is destroying the SEC's reputaion their might come a time where the SEC's reputation is fully tarnished by the majority its time for congress to supoena Gensler time for talking is over.

    Reference your uk statement their actions do not correlate with their statements.

  11. How do you not understand what multiversx and xportal has built is it cause you cant talk about cause of your own bags? Its got the best ux/ui its the safest wallet out there with 2FA you rally are sleeping on a GIANT

  15. I agree with Saylor about MSTR stock vs ETF. MSTR has no expense ratio which isn’t insignificant with compounding.

    Also, MSTR to me is like a 1.2X BTC with the financial gymnastics they can do to add value such as strategic stock buyback to add to BTC pile, or strategic selling for tax advantage.

    I like the arbitrage between the BTC and MSTR using the trading pair as demo’s by James from InvestAnswers. I bought MSTR call options, leaps, in Jan the $190’s when MSTR was undervalued per BTC PRICE

    The ETF, however, does contribute to daily BTC trading volume where MSTR does not

  17. Not making upto a million before retirement is an unfulfilled retirement. I’m 55 and my wife is 51 . We are both retired with over $3million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on the FED for our misfortunes. Saving and investing lifestyle in the stock market made it possible for us this early. Even till now, we earn weekly.

  18. Its simple: gensler either approves the ETFs ASAP, gets sued by institutions for stalling, gets publicly and politically ridiculed and castrated

  19. Gary is enforcing the big banks wills, while we have to struggle to have a clear off ramp so we can pay taxes and not get it all seized cuz my banks won't allow deposits from exchanges

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