Sources: increased SEC scrutiny of Circle, eToro, Galaxy Digital, and other crypto companies has blocked them from going public in the US over the past year
Companies including Circle Internet Financial and eToro have failed to secure the regulator's approval — Crypto's Crash Has Been Swift but Largely Self-Contained. Tweets: @matthewstoller , @johnreedstark , and @pt Tweets: Matt Stoller / @matthewstoller : SEC Chair Gary Gensler isn't letting crypto firms go public. https://www.wsj.com/... John Reed Stark / @johnreedstark : Having served for 11 yrs as Chief of the SEC's Office of Internet Enforcement, I believe the design language of the crypto-Ponzi scheme is a multi-faceted grift, comprised of a wide range of falsehoods, all calculated to dupe consumers/investors. Here are 12 egregious examples:🧵 Parker / @pt : If only there were ways for these kinds of companies to get liquidity that circumvented legal processes for selling their equity on stock exchanges. https://twitter.com/...