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“Over the last four years, the SEC has twisted the law to play gotcha with crypto developers and exchanges. These reforms help the SEC undo the Gordian knot,” explained Verrett, cautioning that he spoke for himself and not his co-authors. “This will pave the way for future exemptions and future partnerships between crypto exchanges and traditional exchanges in a more adaptive regulatory environment.”
TLDR: Governments will be free to pump and dump shitcoins. As a libertarian, I guess caveat emptor.
This likely perpetuates cryptos inevitable implosion. While I think people are starting to learn the difference between Bitcoin and crypto, sadly we are still a ways away from decoupling. So, I expect the downfall of crypto to be quite painful for Bitcoin’s reputation in the short to mid term.
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Yep, totally agree. Its inevitable to me.
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Even if they undo what they have done, what will they do to the people they already abused their power with?
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