Robert Francis Kennedy Jr., nephew of the 35th US President John F. Kennedy, criticized SEC And FDIC for the “war on cryptocurrencies” that led to the banking crisis in the country.
Ellen Brown makes a strong case the FDIC/SEC war on crypto caused failures of SVB, Signature, and Silvergate banks. FDIC and SEC have no authority to wage an extra-legal war on crypto that leaves major banks as collateral damage. #Kennedy24https://t.co/HMZuW7Rr1H
— Robert F. Kennedy Jr (@RobertKennedyJr) May 2, 2023
“Ellen Brown makes a compelling case that the SEC and FDIC war on cryptocurrencies led to the collapse of banks SVBSignature and Silvergate,” he wrote in support of “How the War on Cryptocurrency Triggered the Banking Crisis.”
According to the US presidential candidate, the SEC and FDIC do not have the authority to wage a “war on cryptocurrencies that leaves big banks as collateral damage.”
Recall that in April, Kennedy Jr. criticized the CBDC, calling the tool “the supreme mechanism of social monitoring and control.” Florida Governor Ron DeSantis joined him.
That same month, U.S. House Republican Majority Leader Tom Emmer criticized SEC Chairman Gary Gensler’s approach to digital asset oversight.
In March, Coinbase CEO Brian Armstrong said that the Commission’s regulatory policy on cryptocurrencies could negatively affect the financial situation of the United States.
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