đDeFi & Web 3 fans, gather 'round for some juicy #crypto news!đż
đSen. Sherrod Brown, our new "Crypto Comedy King," sees the industry as full of fraudsters & abuse. SEC Chair Gary Gensler agrees, calling it the "worst behavior" he's ever seen. Ouch!
đ€But hold on! Sen. Cynthia Lummis, a true digital asset ally, questions the SEC's accounting bulletin, which could push regulated institutions out of the crypto business. Gensler says it's not their business.đ€·
đŁLet's discuss! Are we heading towards a stablecoin bill or more regulation-by-enforcement? Share your thoughts below!đ #cryptoregulation #DeFi #Web3