SEC Chairman is sued. In the future, will it be safe to issue coins and tax-free?

Before the election, a16z partners had directly pointed the finger of responsibility for the chaos in the development of the crypto industry at SEC Chairman Gensler.

There is a saying: God has his own way of retribution, no one can escape it.

Now, with the crypto industry’s victory, 18 U.S. states have filed a lawsuit against the SEC and its commissioners, accusing them of overstepping their authority and unfairly persecuting the crypto industry under the leadership of agency head Gary Gensler.

The lawsuit, signed by 18 Republican attorneys general, details how the agency has committed "serious governmental overreach" by regulating a $3 trillion industry through enforcement actions that infringe on states' rights to regulate their economies.

I originally thought that this old man would be shameless and refuse to leave, but Gensler also issued a statement, seemingly intending to resign voluntarily:

Gensler said in a statement:

...I am honored to work with you all to serve our people and ensure that our capital markets are the best in the world...

...It is easy for me to work with my colleagues at the SEC, day in, day out, to protect American families on the financial highways.

This wording already means resignation~

The two founders of A16Z publicly stated that now is the best time to engage in crypto projects!

There have also been some rumors about new crypto policies recently. For example, A16Z executives told various project parties that they can explore issuing tokens with confidence without worrying about excessive regulation.

As soon as the words were spoken, Tether, the world's largest stablecoin issuer, launched the Hadron platform and announced that it would tokenize all stocks/stablecoins/bonds/real estate!

Other media outlets also said that Trump may cancel the capital gains tax on crypto assets issued in the United States.

If this measure is really implemented, the United States will soon become the world's encryption center and tax-free paradise~

In contrast, the Democratic Party has been using strict regulation and punitive taxation to hinder the development of the crypto industry, fearing that it would affect the interests of the vested interests.

After the excitement of the election, these practical policies are the foundation for the long-term development of the crypto industry and the guarantee for the long-term bull market~