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Most Don't Understand How Big This Really Is | Raoul Pal
Crypto price action has rallied in the past few weeks but as of late, its been Gary Gensler of the SEC making headlines. Gensler testified in front of congress and refused to give a straight answer on whether Ethereum is a security or not. In a nearly five-hour long hearing, Gensler fended off questions about whether his agency was pushing too hard on proposed rules, providing too little time for public feedback on these rules, how it was approaching the crypto companies hoping to operate in the U.S. and a host of noncrypto questions, including proposed disclosure requirements around climate change and audit trails. Coinbase, the US’s largest crypto exchange, is looking at setting up elsewhere due to uncertainty of US regulation. In an AMA, macro investor Raoul Pal gave his view on crypto, especially the part of the market that’s ready to move to the UK for business purposes. In Raoul’s view, this all makes perfect sense and the UK has a history of arbitraging poorly structured regulation. Nonetheless, Raoul sees this as an opportunity.
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► To watch the full interview:
https://www.youtube.com/watch?v=CGjpPClgofU
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