Max Keiser: "Banksters know they can't stop Bitcoin"

07 Jun, 2019
by Richard Allen
Max Keiser: Banksters know they can't stop Bitcoin

SEC Chairman Jay Clayton sat down with CNBC’s Squawk Box yesterday. During the interview, Clayton stated the SEC traditional fiat markets have methods of preventing manipulation and malpractice while the cryptocurrency markets don’t. Max Keiser feels differently and he let Clayton know about it.

During the interview, Clayton said “We have sophisticated rules and surveillance to ensure that people are not manipulating the stock market. Those cryptocurrency markets by and large do not have that.” Max Keiser, host of the Keiser Report, felt the chairman’s comments were unfair. He took to Twitter to say that while the SEC has put rules in place, they don’t actively enforce these rules:

Keiser didn’t mention any specifics, his comments reflect what many in the crypto space feel: that regulators, both within and outside the USA, try, and fail, as many would argue, to provide legal clarity on cryptocurrencies.

Keiser then tweeted that “banksters know now they can’t stop Bitcoin,” suggesting instead they’ll try to flood the market with centralized cryptocurrencies to marginalize Bitcoin. Fortunately, according to Keiser, “their own corruption will kill them.”

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