The artist staged a cryptocurrency protest in front of the US Securities and Exchange Commission at the “Rug Pull” exhibit.
September 15, 2023 - 2:00 PM
News
Two years ago, controversial artist Nelson Sayers sparked controversy when he erected a giant inflatable mouse in front of the New York Federal Reserve Building. Now the creator is trying again with a new cryptocurrency art exhibition at a US institution. Related reading: New reports reveal how much capital flowed from cryptocurrencies in August. Anti-fraud art exhibition. According to a statement shared with NewsBTC, the cryptocurrency stabilization has been filed with the US Securities and Exchange Commission (SEC). This time, Nelson Sayers played a peddler offering to "pull rugs." In this latest protest, Sayers highlights cryptocurrency-based fraud as the group behind the project disappears, leaving their communities behind and “holding the bag” for the first investment. The exhibition was intended to show the "ease" of this illegal activity. Additionally, by organizing a cryptocurrency art exhibition in front of the SEC, the artist attempted to send a message to the regulator: a “rug-pulling” in front of the institution occurred, without any consequences. It is the latest, but not the only, art exhibition in which Sayers has taken aim at the Securities and Exchange Commission and other U.S. financial regulatory bodies. As mentioned above, in 2020 and 2018, an artist placed an inflatable Bitcoin rat outside the Federal Building. A few months later, Sayers contacted the Federal Reserve as the cryptocurrency market went through a bull run that pushed the price of Bitcoin into uncharted territory. Cheap like "cheap money is wrong". In this exhibition, when an image of a Wall Street bull collides with a sculpture by Sayre, the artist criticizes the inflation of the financial institution. While living in New York, Sayers earned his Ph.D. He holds a PhD in Accounting and was a Business Group Director at Deutsche Bank AG and Chief Investment Officer at Sayer Capital. In art, Sayers has been called the "Warhol of Wall Street." At the time of writing, Bitcoin is moving sideways across the board at $26,200. The cryptocurrency may continue this trend until the end of September if it fails to break above or below the current trading range. Related Reading: Bitcoin Profits Hit 2-Month High, Is a Pullback Coming? At this point, macroeconomic forces may come into play again, creating market volatility. In particular, the listing of a Bitcoin exchange-traded fund (ETF) in the hands of the SEC is expected to impact the value of the number one cryptocurrency by market cap. Cover image from Unsplash, Chart from Trading Perspectives </div> <h3>20 Moments You Won't Believe Until You See Them</h3><p style="text-align:center;"><iframe width="560 " height=" 315" src = "https://www.youtube.com/embed/FqS1nOtGfOY" frameborder = "0" Enable = speedometer; Autoplay: encrypted media; gyroscope; Enable picture-in-picture in full screen </iframe </ text > /p >
.jpg "The artist staged a cryptocurrency protest in front of the US Securities and Exchange Commission at the “Rug Pull” exhibit.")