RE: Not About Gary Gensler vs US Congress
The regulators' scorecard is indeed impressive as demonstrated in Terraluna, FTX, and SVB. Such a high score keeps them confident to keep their duty to protect consumers and investors. The high value of their public service is the reason why they can't stay on the sideline. What a twisted mind!
Witnessing hostility is tolerable. What I find disgusting is to use public funds to pay these clueless regulators who think that decentralization in finance is the problem and that a centralized solution will finally succeed.
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