Billionaire Bill Ackman has warned that the crypto industry needs to self-police or it risks being shut down.cryptocurrency
Billionaire Bill Ackman has warned that the crypto industry needs to self-police or it risks being shut down.
Bill Ackman on Crypto Regulation and the Need for Industry to Self-PoliceBillionaire Bill Ackman shared his thoughts on a variety of crypto-related topics, including crypto regulation, in a series of tweets Saturday.Ackman is the CEO and portfolio manager of Pershing Square Capital Management, a registered investment adviser with the U.S.Securities and Exchange Commission (SEC).His current net worth is about $3.5 billion.
Regarding cryptocurrency regulation, he said: “I am not sure we need new rules.
Much of the fraud that is taking place is old-fashioned pump and dump schemes, and failures of custodians to protect customer assets.”The executive continued: “I suspect that existing anti-fraud and other laws already govern these violations.We just need more enforcement.” Ackman opined:
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Who is going to do the shutting🤔😆 shutting down crypto is fine.bitcoin isn’t “crypto” Bitcoin can’t be shutdown.
Impossible mooney_mic This from the guy that lost 1 $Billy from Herbalife short? Risks being shut down? LOL, governments are already setting up their own digital currencies.Being shut down is practically assured regardless.
Shut down!? By who? Guess he doesn’t understand decentralization.Good luck shutting it down Haha shut it down what a clown Thats nice BNB
Canada crypto regulation: Bitcoin ETFs, strict licensing and a digital dollarWhile the country still holds a rather uptight process of licensing the virtual asset providers, it outpaces the neighboring United States.it’s crazy so nice I think so.
VirgoCX to weigh in?
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Report: State Securities Regulators Probe Crypto Lender Genesis – Regulation Bitcoin NewsThe report notes that the Alabama Securities Commission is looking into whether or not the crypto firm violated securities laws.ChiefraFba gives the most accurate signals and analysis in my experience Thats nice!! Thats nice!!
Binance CEO: Most Governments Understand Crypto Adoption Will Happen Regardless – Regulation Bitcoin NewsBinance CEO Changpeng Zhao (CZ) says that most governments know that crypto adoption will happen regardless of what they do.
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Bitcoin and Ether Are Not Securities in Belgium, Financial Regulator Clarifies – Regulation Bitcoin News Crypto currencies like bitcoin and ether cannot be classified as securities, according to the financial watchdog in Belgium.Using ChiefraFba signals, I have a 92% win rate in the last two months! Ok cool, I have recently started using ChiefraFba for signals, his accuracy is INSANE! Glad someone agrees with me.
Billionaire Tries to Usurp Dad’s Legacy With NYC CasinoStefan Soloviev’s combative father died in 2020.
Now he’s charting his own course, including with an audacious plan to cash in on gambling.
Billionaire Mark Cuban Not Giving Up on CryptoBillionaire Mark Cuban hasn’t soured on the cryptocurrency industry in spite of the ongoing crisis
He added that regulators need more resources to police the bad actors in the crypto space and will likely take years to catch up.on “Addressing the Digitalization of Money.Wall Street Journal shared a letter written by Barry Silbert, the CEO of Genesis’ parent company Digital Currency Group (DCG).“It’s better to regulate the industry instead of trying to fight against it,” the Binance executive emphasized.
Bill Ackman on Crypto Regulation and the Need for Industry to Self-Police Billionaire Bill Ackman shared his thoughts on a variety of crypto-related topics, including crypto regulation, in a series of tweets Saturday.Ackman is the CEO and portfolio manager of Pershing Square Capital Management, a registered investment adviser with the U.3, although exactly which stakeholders will be engaged remains unclear.S.” On Friday, Barron’s author Joe Light reported on Genesis Global Capital and the report claims that state securities regulators are involved in an alleged Genesis probe.Securities and Exchange Commission (SEC).
A bill for the “encouragement of the growth of the cryptoasset sector” was introduced to the House of Commons in February 2022 by a member of the Conservative party and ex-Minister Michelle Garner.His current net worth is about $3.11.
5 billion.Despite the voiced support from the local crypto community, the bill didn’t meet much approval among fellow lawmakers.
“Borg declined to name the other companies,” the Barron’s author detailed.Regarding cryptocurrency regulation, he said: “I am not sure we need new rules.Much of the fraud that is taking place is old-fashioned pump and dump schemes, and failures of custodians to protect customer assets.21–23, members of other political parties, including the ruling Liberal party, blasted both the proposition and the Conservative party with accusations of promoting the “dark money system,” and Ponzi scheme and bankrupting retirees and as a result, C-249 is now officially buried .” The executive continued: “I suspect that existing anti-fraud and other laws already govern these violations.
Regulators from specific states have filed actions against a number of cryptocurrency firms like Celsius, Blockfi, Nexo, and FTX.We just need more enforcement.A former Minister of Employment and Social Development, Poilievre has been advocating for more financial freedom through tokens, smart contracts and decentralized finance.CZ said that this year “was a very nasty year,” elaborating: The last two months too much has happened.
” Ackman opined: Regulators need more resources to police the bad actors.
Unfortunately, it will likely take years for the regulators to catch up, and they may never get there.” The next general elections in Canada are scheduled for 2025, and given C-249’s failure and the general condition of the market, it’s not likely that Poilievre and the Conservatives will get broad support in the Parliament for their pro-crypto efforts until that time.The crypto industry therefore needs to self-police and out the bad actors, or it is at risk of being shut down.The collapse of FTX, a major cryptocurrency exchange, earlier this month has many people calling for .What’s next From a trading platform perspective, there are specific challenges that the industry strives to address, Julia Baranovskaya, chief compliance officer and co-founding team member at Calgary-based NDAX, told Cointelegraph..
