{"id":1869,"date":"2024-10-30T13:48:40","date_gmt":"2024-10-30T13:48:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1869"},"modified":"2024-10-30T13:48:40","modified_gmt":"2024-10-30T13:48:40","slug":"gary-genslers-ex-sec-colleague-says-restrictive-crypto-regulation-is-like-stifling-electricity-because-of-a-stake-in-oil-lamps","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1869","title":{"rendered":"Gary Gensler&#8217;s Ex-SEC Colleague Says Restrictive Crypto Regulation Is Like &#8216;Stifling Electricity Because Of A Stake In Oil Lamps&#8217;"},"content":{"rendered":"<div>\n<p>Former SEC lawyer and lead tech analyst at <strong>I\/O Fund<\/strong>, <strong>Beth Kindig<\/strong>, on Wednesday <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41544108\/gary-gensler-says-too-many-people-have-lost-money-and-lined-up-in-bankruptcy-court-highlig\">equated restrictive policies<\/a> on crypto to historic attempts at holding back major advancements, likening it to \u201cstifling electricity because they had a stake in oil lamps.\u201d<\/p>\n<p><strong>What Happened: <\/strong>In an <a href=\"https:\/\/www.foxbusiness.com\/markets\/from-enforcer-advocate-ex-sec-lawyer-talks-lessons-learned-from-crossing-crypto-divide\">interview<\/a> with Fox Business on Wednesday, Kindig suggested that regulatory resistance reflects \u201cself-serving motives\u201d rather than an informed view of the industry&#8217;s potential for innovation.<\/p>\n<p>Kindig pointed to the significant surge in political spending by the crypto industry as an effort to protect innovation, with donations <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41357154\/crypto-lobbyists-are-quietly-influencing-2024-election-this-is-their-playbook\">reaching an all-time high<\/a> in the 2024 U.S. election cycle.<\/p>\n<p>According to recent Federal Election Commission <a href=\"https:\/\/www.fec.gov\/data\/receipts\/individual-contributions\/?two_year_transaction_period=2024&amp;min_date=01%2F01%2F2023&amp;max_date=12%2F31%2F2024\">filings<\/a>, crypto companies have contributed over $200 million, making the industry the &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41625068\/gary-genslers-ex-sec-colleague-says-restrictive-crypto-regulation-is-like-stifling-electri\" alt=\"Gary\" gensler ex-sec colleague says restrictive crypto regulation is like electricity because of a stake in oil lamps>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Former SEC lawyer and lead tech analyst at I\/O Fund, Beth Kindig, on Wednesday equated restrictive policies on crypto to historic attempts at holding back major advancements, likening it to \u201cstifling electricity because they had a stake in oil lamps.\u201d What Happened: In an interview with Fox Business on Wednesday, Kindig suggested that regulatory resistance [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1869","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1869"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1869\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}