SEC Moves Headquarters to Singapore to Punish Foreign Crytpo-Reg Progress
Never afraid to throw its weight around, the U.S. Securities and Exchange Commission (SEC) relocated its headquarters to Singapore Sunday to begin “reining in troublesome countries that are making progress with sensible and efficient crypto regulations.”
“I haven't been at the SEC for long,” said new chairman Gary Gensler to XRP_Productions reporters, “but long enough to understand that the SEC's role is to subvert innovation and levy huge fees. What better way to do that than to expand our jurisdiction to other countries that have already innovated?”
Newly-appointed SEC Chair Gary Gensler pointing to a map on his wall while telling XRP_Productions reporters which countries the commission will be squatting in over the next few years to “slap down already-established crypto-regulatory progress” and “issue ginormous fees... cha-ching!”
Though many in the cryptocurrency space are infuriated by the move, some are amazingly unsurprised—holders of the digital asset XRP being the most unfazed.
“SEC moving to Singapore to punish their crypto regs?” said 4-year XRP holder Leonard Mingus. “Yup. Sounds about right.”
*Truth. Honor. Integritude.*