Top crypto tweets of the day – August 3rd

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• Gary Gensler is about to ruin the American economy

  TL;DR Breakdown Gary Gensler, current chair of the SEC, has introduced an unprecedented number of regulations, more than any chair since the 2008 financial crisis. Only 17% of Gensler’s regulations stem from congressional directives, unlike his predecessors. Description The pathway to economic stability in America is an intricate dance between free market dynamics and regulatory oversight. Often, it’s a delicate balance. Gary Gensler, the current chair of the US Securities and Exchange Commission (SEC), seems determined to upset this balance, if his recent spate of regulations is any indicator. The Avalanche of Regulations … Read more The pathway to economic stability in America is an intricate dance between free market dynamics and regulatory oversight. Often, it’s a delicate balance. Gary Gensler, the current chair of the US Securities and Exchange Commission (SEC), seems determined to upset this balance, if his recent spate of regulations is any indicator. The Avalanche of Regulations Gensler’s tenure has witnessed a bombardment of regulations unseen since the aftermath of the 2008 global financial crisis. During his first 850 days, which culminated on August 15th, Gensler…

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• Crypto miners launch bold campaign to defend their operations

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• HashKey bags Hong Kong’s 1st crypto exchange license to serve retail users

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• Sustainable Bitcoin miner Iris Energy sees $7.1 million monthly profit

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