Re:Exec who cleaned up Enron calls FTX mess 'unprecedented'
by JumpCrisscross on Friday November 18, 2022 @03:06PM
(#33661274)
> Do you think FTX working with the SEC team on drafting new crypto regulations was all a lie then? No one else was allowed that access
I'm not familiar with the claims. That said, the SEC is generally quite receptive to input when it comes to rule making.
> Coinbase has been complaining about being stonewalled by Gensler for even basic questions
Enforcement versus rule making. Asking the SEC "is this or that thing I'm currently doing legal" is totally different from proposing "you should write a rule that makes this legal or illegal." (Also, tweeting angry things at your regulator while you publicly try to yank their jurisdiction is a poor way to solicit discretionary feedback.)
I'm not familiar with the claims. That said, the SEC is generally quite receptive to input when it comes to rule making.
> Coinbase has been complaining about being stonewalled by Gensler for even basic questions
Enforcement versus rule making. Asking the SEC "is this or that thing I'm currently doing legal" is totally different from proposing "you should write a rule that makes this legal or illegal." (Also, tweeting angry things at your regulator while you publicly try to yank their jurisdiction is a poor way to solicit discretionary feedback.)