EXCLUSIVE: TikTok Star WendyO Calls For SEC Shake-Up: 'Fire Gary Gensler' — Laments Crypto Bias Against 'Charts From Women'
Portfolio Pulse from Mehab Qureshi
Crypto influencer WendyO has called for a shake-up at the Securities and Exchange Commission (SEC), including the firing of Gary Gensler. She believes that the crypto industry needs better representation and that new laws and regulations should be shaped by people who understand the unique nature of crypto assets. WendyO also expressed concerns about traditional financial institutions like Fidelity filing for spot Bitcoin ETFs, warning that these institutions could force people to invest in traditional financial products and have third parties hold their coins.
July 15, 2023 | 11:48 am
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NEUTRAL IMPACT
WendyO's comments about the need for better representation in the crypto industry and her concerns about traditional financial institutions filing for spot Bitcoin ETFs could potentially impact the price of Bitcoin.
WendyO's comments highlight the ongoing regulatory uncertainties in the crypto industry. While her call for better representation could potentially lead to more inclusive and favorable regulations for the industry, her concerns about traditional financial institutions filing for spot Bitcoin ETFs could potentially lead to increased scrutiny and regulatory hurdles for these institutions, which could impact the price of Bitcoin.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75