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Seven States About to Realize They Can’t Bully Grown Adults Who Have Better Things to Do Than Listen

BitcoinCrypto NewsRegulation/Negotiation 1 Linda Williams August 16, 2024

An illustration of a giant hand holding back seven smaller hands each with different state flags on their wrists as they try to reach for something in the distance while one large flag labeled "SEC" is shown pushing forward. The scene takes place amidst clouds and lightning bolts, conveying conflict and power struggle. In the background, there are broken chains and shattered glass representing resistance against authority. A stylized image of a cryptocurrency symbol (e.g., Bitcoin) floats above the chaos as if it's being protected by the smaller hands from the SEC hand trying to grasp it.

The idiocy never ceases! Seven US States think they can take on the mighty SEC? It’s almost cute how these yahoos believe their quaint little state laws will somehow hinder the all-powerful federal regulators. Newsflash: The SEC doesn’t care about your tiny state regulations; it’ll just steamroll over them like the crypto bros’ hopes and dreams

Source: bitcoin.com

7 US States Unite to Challenge SEC's Crypto Overreach
https://news.bitcoin.com/7-us-states-unite-to-challenge-secs-crypto-overreach
Seven U.S. states have united in a coalition to challenge the U.S. Securities and Exchange Commission’s (SEC) regulation of cryptocurrency. The states filed an amicus brief arguing that the SEC’s “power grab” would stifle innovation, harm the crypto industry, and exceed its authority. The Office of the Attorney General of Iowa announced earlier this month that Iowa Attorney General Brenna Bird led a seven-state coalition in filing an amicus brief […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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