GARY GENSLER FINALLY COME CLEAR

Chairman of the Securities and Exchange Commission Gary Gensler finally come clear and admits something that we all know which is that most cryptocurrencies are not a security. This is a refreshing change of pace from what Gary's usually been talking about. However, there is a little caveat and that is that Gary send these back in 2018 when he was teaching at MIT. It is astounding to me how someone who taught at MIT should know these types of curriculum. He was telling everybody that was listening to him about how crypto is now security. Gary Gengler was saying crypto is not a securities years ago but something happens along the line and now everything besides Bitcoin is a security in Gary's perspective.

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I think some things could have changed, it is not so more about the banks or investment groups but it comes down to the administration and what they want. It is because they see crypto as what is going to weaken the dollar. Because of the things that Gary has said and the hard line that he is taking, we can see that it's affected a lot of things and one of those was Voyager Binance US. I have not been a big cheerleader for the different offers that have come through. That's also Celsius as well, and those that have funds in these companies like Celsius and Voyager ought to have removed their funds from their platform for a very long time.

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The things that these companies will do is they are going to make you invest in a new business like what Celsius want to do and hopefully, that new company makes it but if it is not, you lose everything. For those who have funds there, all the money is going to pay the CEO, employees, and lawyer. The first part was that the US stepped in that they don't want to do that because they feel the VGX token is a Security. The reason Binance doesn't want to go through with this is for one very simple reason. It is because they say the United States is a very hostile environment for crypto individual assets and that is why they don't want to invest in Voyager.