Apr. 17, 2023
This proposal needs to be passed in order to protect the retail trading community in the United States. The fact that large institutions have illegally tokenized securities with the like of FTX is against the law of the Securities and Exchange Act of 1934. Period. The top 1% that allowed this to happen need to be investigated for securities crimes such as a massive PONZI SCEME to the likes of Bernie Madoff but on a much larger scale. Why would congress want to remove the head of the SEC, Gary Gensler, for trying to protect the men and women of the United States who invest hard earned money only to have it stolen in an FTX related scheme using tokens that don’t exist creating synthetic shares of American companies stocks.