The SEC Opens Line of Communication – Fintech, Crypto

The cryptocurrency and blockchain startup world has just received another foundation of legitimacy as the US Securities and Exchange Commission or the SEC, has set up a new office to engage startups in this ecosystem. This announcement on Thursday, 18 of October, is part of a division called the Strategic Hub for Innovation and Financial Technology (FinHub) which allows startups in Fintech to interact with the regulator regarding legal implications of products before they are launched. In our view at Classiarius, this is positive as it shows a slow but clear acceptance of the world of blockchain and related industries. Yes, they are going mainstream.

In the past 12 months, there have been a number of high profile cases in which bogus cryptocurrencies have suggested or even stated outright that they are approved by the SEC – when in fact they were not. This new body gives serious startups a place to engage and of course check all the boxes to ensure that all legal expectations are met. In short, the SEC is educating entrepreneurs through an entity that is trusted and respected.

At one point, as many as 80 percent of the total number of coins, overt 2,000 were considered questionable and in some way broke rules – a large portion being outright fakes. Now that the SEC and Japanese FSA here in Tokyo are stepping up, this new industry has a more secure future and investors in the end, will warm up again to crypto and blockchain ICOs.

Team Classiaius

https://www.bitchute.com/video/7H-Wlqu0vZI/

Social Security was meant to be a retirement income for Americans who paid into it. It was and is mandatory for working people to pay into. Not long after that, it became a catch all disability benefit for anyone claiming disability.

We are now in a situation where there are more taking money out of Social Security than we have paying into it. Some politicians are wanting to change entitlement funding. We have the same problem with the federal budget to the tune of 22 trillion dollars of debt.

Years back, the passed a tax on Social Security income, which seems like a tax on a tax to me. Then the government fell behind inflation in figuring yearly raises. It is to the point where you can not retire comfortably on a Social Security benefit.

My idea of change would be to seperate those who have paid into it from those who have not, by setting up a seperate program for those who have not paid in. This would bring fairness to those who have given their hard earned wages to the government in hopes of a basic retirement income. Roll back the taxes on the tax.

In the end, the federal government is too big and bloated. If you drive around the DC metropolitan area, it is saturated with federal buildings, installations, lobbyists, special intrest groups, and others who live off of our tax dollars. I might add, they are living quite well judging from the cars they drive and the houses they own.

Before politicians ask one American to pay one more dollar in taxes, they should be forced to balance the budget and start paying down the debt. “It is easy to be generous with other people’s money.”

The continued thoughtless use of the word person continues to puzzle me. Who was the Per whose son gave his name to every member of our species on the planet? Per is a well-known first name of Scandinavian men: Is…

Source: Parthenoffspring of Interest – Taki’s Magazine – Taki’s Magazine