What Does "Decentralized" Mean?
Better question: should the chair of a bureaucracy that is currently exercising mafia-style authority over the crypto industry be expected to clearly define and/or acknowledge the word?
Last week was a very interesting week for the crypto markets. In addition to Ethereum transitioning from a proof-of-work to a proof-of-stake chain, SEC Chairman Gary Gensler was questioned by the Senate Banking Committee. Senator Pat Toomy’s questioning was really something to behold. You can watch Toomy’s entire exchange with Gensler below:
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