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by JumpCrisscross 2867 days ago
> one of the fundamental objectives of the cryptocurrency movement is to devolve the power of monetary policy

Nobody at FINRA or the SEC cares about the power of monetary policy. The former being an industry group, it is actually somewhat in favor of letting banks sell Bitcoin (and related derivatives) to their clients. The people at the Federal Reserve, who actually control monetary policy, are mostly ignoring all this.
1 comments
SI_Rob 2867 days ago
Are FINRA truly 'regulators' (with access to state enforcement apparatus) or just a professional standards-setting body of license gatekeepers?
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JumpCrisscross 2867 days ago
> Are FINRA truly 'regulators' (with access to state enforcement apparatus)

Pretty much. FINRA writes rules that everyone in the industry has to follow. When you work in securities, you agree to hand FINRA arbitration power over a lot of things. They can fine you and bar you from the industry. They can't press criminal charges, but neither can the SEC.

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