Nic Puckrin CEO and Co-founder of Coin Bureau, pointed out all the developments that took place in the last week within the crypto industry. According to him, the crypto world is moving forward with all sorts of developments while SEC Chair Gary Gensler sits steady and watches from his office. Despite the regulatory pressure Gensler has created, the crypto industry is showing from no to very little signs of hesitation and moving forward.
In the recent developments that took place over the past week, the one’s that Coin Bureau’s CEO pointed out include the following:
Robinhood Broadens Altcoin Offerings
Robinhood has taken a bold step by adding range of altcoins to its trading platform. This indicates Robinhood’s commitment to cater to user demand and provide diverse options for investment. This also indicates how these trading platforms are increasingly confident in providing more crypto assets to investors, regardless of Gensler’s regulatory agenda.
Coinbase Introduces Memecoins
Coinbase, one of the leading crypto exchanges in the U.S., made it to the headlines by listing various memecoins recently. This move was to attract young investors from the market. This is another example of industry’s confidence in moving forward without waiting for regulatory guidelines to take over.
Consensys Plans Token for Ethereum Layer 2 Network Linea
Consensys, the blockchain firm behind Ethereum projects, has announced its plan for a new token Linea, through its Layer 2 network. This indicates that efforts are being made in order to increase user accessibility and decentralization. The SEC’s lawsuit against Consensys, where the SEC alleges that Consensys violated federal securities laws through its MetaMask software, is still on-going but Consensys still continues to build and expand without any fear.
Times Have Changed, Industry not Scared of SEC anymore
Nic Puckrin here highlights the significant shift that is being observed in the industry. While the current SEC Chair Gary Gensler remains silent and watches from the sidelines, crypto is advancing with what Puckrin calls a “zero f*cks given” attitude. With all of this the CEO is trying to convey that the industry is becoming bolder, resilient and is prioritizing demand over regulatory repercussions. According to him, the “Times have changed”, he remarks, “and this is our time.”
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