1/🧵
We are seeing a war taking place and the battle lines are being drawn. Wall Street is trying to hijack #crypto. This is becoming clear. Regulators tend to protect incumbents and not the general public.
1/🧵
We are seeing a war taking place and the battle lines are being drawn. Wall Street is trying to hijack #crypto. This is becoming clear. Regulators tend to protect incumbents and not the general public.
3/ This means that it all will be under the banks. That is what Congress is looking to do. This is no surprise. We now are going to have to fight to claw it away from them. This is done through building.
5/ It also means that we cannot be regulated. They can be banned from CEX but we are seeing that dying anyway. CEX will be for $BTC mostly and not other assets.
2/ HBD is important in the fight especially as Congress steps in to regulate stablecoins. There is a bill that is likely to move through it that has bipartisan support. It is going to hand regulation to the Fed.
4/ This means focusing upon the developing nations and giving them the pathway to adopt our coins. Being at the base layer means that counterpart risk is reduce/eliminated.
Here is the full story:
https://leofinance.io/posts/taskmaster4450/as-wall-street-tries-to-hijack-crypto-once-again-hbd-standing-out
Yeah... I am schocked man, Matic, ATOM are declared securities?... Really I though SEC only sued Binance & coinbase, but so many decentralised blockchains also. I really feel terible being a crypto person, its very hard!! @brownlions