All Republicans, led by the chairman of the Financial Services | SIGNAL

All Republicans, led by the chairman of the Financial Services Committee, Patrick McHenry, signed this letter. Geri Gensler is accused of trying to force cryptocurrency platforms to come in and register"in accordance with registration processes that do not actually exist

It may seem that Gary Gensler is using the SEC to destroy the cryptocurrency. The way he has targeted major exchanges such as Coinbase, Binance, Kraken, Bittrex (most recently) and others shows that he is trying to prevent the public from buying or selling cryptocurrencies.

Three cryptocurrency-related banks that "went bankrupt," including Signature Bank, which was said to be fully solvent before the FDIC took over, may have failed because they were servicing the crypto industry.

Attempts to gain access to a decentralized cryptocurrency financial unit can also be seen as part of a grand scheme to protect the banking industry from an innovative, cheaper, faster and fairer competitor.

The fact that one of the commissioners of the Securities and Exchange Commission was so categorically opposed to many of its decisions speaks volumes, and all sensible senators and congressmen should at least investigate the information that Commissioner Pierce is trying to highlight.