๐บ๐ธ US lawmakers Tom Emmer and Patrick McHenry ask Gary Gensler to clarify the agency's position on crypto airdrops.
โAs you know, the philosophy of crypto and blockchain technology is based on decentralization.โ
"Yet the SEC's regulatory approach appears to make the goal of decentralization impossible to achieve."
โBy prohibiting Americans from participating in aurdrops, the SEC is preventing American cryptocurrency users from fully realizing the benefits of blockchain technology.โ
โThe SECโs approach during your tenure has only ensured that the next iteration of the internet will not be designed by Americans or with American values, which is not in the best interests of our constituents.โ
โAs you know, the philosophy of crypto and blockchain technology is based on decentralization.โ
"Yet the SEC's regulatory approach appears to make the goal of decentralization impossible to achieve."
โBy prohibiting Americans from participating in aurdrops, the SEC is preventing American cryptocurrency users from fully realizing the benefits of blockchain technology.โ
โThe SECโs approach during your tenure has only ensured that the next iteration of the internet will not be designed by Americans or with American values, which is not in the best interests of our constituents.โ
3 months ago