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Max Keiser: "Banksters know they can't stop Bitcoin"

source-logo  chepicap.com 07 June 2019 10:35, UTC

SEC Chairman Jay Clayton sat down with CNBC’s Squawk Box yesterday. During the interview, Clayton stated the SEC traditional fiat markets have methods of preventing manipulation and malpractice while the cryptocurrency markets don’t. Max Keiser feels differently and he let Clayton know about it.

During the interview, Clayton said “We have sophisticated rules and surveillance to ensure that people are not manipulating the stock market. Those cryptocurrency markets by and large do not have that.” Max Keiser, host of the Keiser Report, felt the chairman’s comments were unfair. He took to Twitter to say that while the SEC has put rules in place, they don’t actively enforce these rules:

The problem is, the SEC, although having rules against manipulating markets, DOES NOT ENFORCE, OR SELECTIVELY ENFORCES THE RULES.

We have proven this to be true dozens of times on @KeiserReport #Bitcoin gets rid of the corrupt SEC via its self-regulating protocol. https://t.co/hKuN65y1z2

— Max Keiser, tweet poet. (@maxkeiser) June 6, 2019

Keiser didn’t mention any specifics, his comments reflect what many in the crypto space feel: that regulators, both within and outside the USA, try, and fail, as many would argue, to provide legal clarity on cryptocurrencies.

Keiser then tweeted that “banksters know now they can’t stop Bitcoin,” suggesting instead they’ll try to flood the market with centralized cryptocurrencies to marginalize Bitcoin. Fortunately, according to Keiser, “their own corruption will kill them.”

Banksters know now they can’t stop #Bitcoin. What they’ll try is a bear hug. They’ll try to crowd BTC out of the market by flooding the globe with their centralized crypto. The idea is to try and marginalize BTC. Fortunately, their own corruption will kill them.

— Max Keiser, tweet poet. (@maxkeiser) June 6, 2019
chepicap.com