Prominent Bitcoin maximalist Max Keiser has revealed his frustration with the U.S. Securities and Exchange Commission (SEC) for its stance on Bitcoin exchange-traded funds (ETFs) in a series of fiery tweets. Known for his strong defense of Bitcoin, Keiser expressed indifference to the SEC’s stance and boldly declared Bitcoin’s invincibility. He also urged SEC Chairman Gary Gensler to focus on eliminating what he calls shitcoins in the cryptocurrency market. According to the economist, these include coins such as BNB and ADA. Here are the details…
Max Keiser targets BNB, XRP, ADA
In a post on Twitter, Max Keiser, a prominent Bitcoin maximalist, expressed his indifference to the Securities and Exchange Commission’s (SEC) stance on Bitcoin ETFs. Keiser boldly claimed that Bitcoin was untouchable and prompted SEC Chairman Gary Gensler to focus on eliminating “shitcoins” like Ethereum (ETH), Ripple (XRP), Cardano (ADA), Binance Coin (BNB), NFTs and others. called.
He called for other altcoins to be dissolved in some way, noting the growing dominance of Bitcoin, especially in countries like El Salvador. Blake Martin, a US-based crypto enthusiast, criticized Keiser, accusing him of making Bitcoin maximalists look bad. Martin called for consistency in Keiser’s values, suggesting that he either fully embrace libertarian principles or avoid selectively adopting them.
Keiser: Read the Bitcoin whitepaper
Keiser dismissed Martin’s comment as “Read the whitepaper”, emphasizing the importance of understanding Bitcoin’s core document in order to grasp the vision and principles behind Bitcoin. Undaunted, Martin said that he read the whitepaper and has been actively involved in crypto since 2013. He declared SEC Chairman Gary Gensler an enemy of freedom and questioned the existence of the SEC. Martin also argued that investors should have the right to invest in what Keiser describes as “shitcoin scams.” He emphasized that individuals should be responsible for their investment choices. Moreover, Martin warned that Gensler’s regulatory scrutiny could include Bitcoin.
On the other hand, an XRP enthusiast invited Keiser to place a bet on the possibility of a positive decision for XRP. The user pointed to a consensus belief that treats XRP as a bridge asset or payment currency. He suggested that regulatory clarity will emerge over the next two years. While Keiser’s tweets have garnered attention, it’s important to note that his views represent a particular segment within the cryptocurrency community. Bitcoin maximalists like Keiser strongly believe in the superiority of Bitcoin. Some view alternative cryptocurrencies as generally inferior or unnecessary. But some also express their respect for altcoins.
Contact us to be instantly informed about the last minute developments.twitter‘in,Facebookin andInstagramFollow andTelegramAndYouTubejoin our channel!
Economist Surprised: SEC Should Go After ADA, BNB and Them!