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πŸ’©πŸͺ™ crackdown. Who cares?
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I just think it’s important to keep tabs on the evolving nature of the SEC enforcement and not even for crypto but for everything they might try and do now
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The reason they can regulate πŸ’©πŸͺ™s is they are not really decentralized, peer-to-peer systems. Bitcoin handles this and they known to leave it alone. Or they know to buy up a bunch and get minions to trust their banks.
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Id agree but given the centralization that has been occurring in Bitcoin with mining pools and other things, BTC is also not as prepared as it was say 10 years ago either. We have seen the posts pop up about 47% or something being controlled by one key and how China has a huge input in the markets due to it being their equipment.
Now I hope to be 100% wrong moving forward but right now we seem to be facing a bottleneck of sorts that hopefully can be addressed and fixed!
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Quite honestly. I am totally bored of all the crypto regulation nonsense both from the sec side and from the crypto shills side who think they have some novel way to circumvent the responsibility of disclosure. I don't usually cheer for lawmaking but congress needs to update the laws, determine what a security is, determine if a purported "decentralized" exchange is actually an exchange and let's all move on with our lives.