SEC’s Gensler says ‘the law is clear’ for crypto exchanges
cnbc.com
cnbc.com
This isn't the first time a government has tried to squash cryptocurrencies. For most of the people interested in the technology, this is just another mile marker on a 10+ year long journey. I'll place my bets on the cryptocurrency folks. After all, they have more experience subverting far more totalitarian regimes than the power-hungry bureaucrats at the SEC understand.
This crusade against crypto feels like the DEA's war on drugs: to perpetuate the existence of a self-licking ice cream cone.
[1]: https://www.weforum.org/agenda/2021/01/cryptocurrencies-are-...
Maybe mostly stopping people from using it has value.
Your spaceship is going to leak air, but that doesn't mean you might as well put a screen door on it.
How much value is being protected or gained, and at what cost?
And now it's awkward to apply straightforward definitions and rules, especially to things like Ethereum that have been around for a while.
"Either the bank is lying or Celsius is lying", said a wise man. That was true, and also it was not complicated or unclear.