.saylor wants the cryptocurrency industry to become more transparent
Saylor believes that such"wildcat" banks are a"liability" to Bitcoin.cannot be used interchangeably since they are two completely different things. Those investors who cannot tell the difference between them are ignorant, Saylor says:Bitcoin is exactly the diametrically opposite of just about everything else in the crypto space. The fact that they are actually conjoined is one of nature’s great ironies.
Moreover, the MicroStrategy boss says that a lot of traditional mainstream investors are hesitant to dip their toes into Bitcoin because of altcoins, many of which are unregistered securities. "There are a lot of mainstream banks, mainstream insurance companies…that won't invest in the asset class because of…the slime that gets onto the asset class from all the other unregistered securities," Saylor said.
The investor has urged the U.S. Securities and Exchange Commission to set the record straight about what specific cryptocurrencies qualify as commodities so that they could be set apart from the plethora of unregistered securities. Saylor slammed Tether , claiming that it is an unregistered security"without any transparency." The"never-ending Tether FUD" about whether or not the company is actually solvent will never stop, he warns.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hester Peirce Lashed out on the SEC for Delaying the Approval of Spot Bitcoin ETFsThe crypto mom urged the SEC to treat spot bitcoin ETPs through the same standard as it did with the greenlit futures-based ETPs.
Read more »
Fed Views Stablecoins as a Financial Instablity, Urges Regulators to Step inThe Fed express concern over fiat-backed stablecoins not having sufficient liquid assets backing their issuances.
Read more »
Hard Times in Crypto Lead to Price and Macro RiskAs the value of bitcoin goes up, it becomes more, not less, investable. As such, bitcoin’s market performance this year can seem troubling from that perspective. gckaloudis writes about Price & Macro Risk in this week’s Crypto Long & Short newsletter.
Read more »
Last 3 Days Bring Largest Realized Loss for Bitcoin Investors in History of Cryptocurrency MarketCryptocurrency investors are experiencing huge losses on the market after Bitcoin plunges below the 2017 ATH
Read more »
Ethereum Can Now Be Purchased with 50% Discount via Crypto FundInstitutional and private investors can now receive Ethereum exposure at 50%, but it might not be as good as it sounds
Read more »
Iran Will Reportedly Cut Off Electricity to All Legal Crypto MinersWith the upcoming summer, Iranian authorities have decided to halt crypto mining in the country... again.
Read more »