On 21st September, Tone Vays, one of the most popular cryptocurrency influencers, conducted a discussion on YouTube along with a fellow Bitcoin proponent, Jimmy Song. Together, they spoke about the recent report released by the New York Attorney General, Barbara Underwood where she called out three big cryptocurrency exchanges for a possible illegal operations in NY.
The three exchanges named by Underwood were Binance, Kraken, and Gate.io. Binance is known to be the largest cryptocurrency exchange in the world by trading volume, according to the data on CoinMarketCap. Regarding the matter, Vays propagated that it was surprising to see Bitfinex out of this list. He believes that it is important that a government entity looks into the operations of the platform. He said:
“I’m very surprised that Bitfinex is not named in this report. I feel that Bitfinex really needs some government entity and go in and take a look at them.”
Vays also stated that Binance being reported by the Attorney General did not come as a shock to him, as he has always carried the view that Binance is a scam due to the way it was funded. On the other hand, the Bitcoin maximalist sees Kraken as a legitimate cryptocurrency exchange and was caught in the conundrum due to mere bad luck. He added:
“I’m not surprised by any of this and there is a reason why the government is looking into this… Because not for the sake of the consumers. I mean the government does not care that much about the consumers. The government just does not want to deal with the backlash of consumers… You know calling and complaining to them.”
Earlier this year, the US Security and Exchange Commision [SEC] rejected several Bitcoin ETFs [exchange-traded funds], such as the Winklevoss ETF that was submitted by Tyler and Cameron Winklevoss.
However, the VanEck SolidX Bitcoin ETF is put on the waiting list by SEC, which is expected to be approved by the regulatory body in its final decision. According to an observation made by Vays, the government will only approve the ETF after knowing the exchanges inside-out.
The post Bitcoin [BTC] influencer surprised by Underwood’s report; says Bitfinex should be on the list appeared first on AMBCrypto.