My causes for disbelieving that there’s coordinated ill-intent are twofold, one rooted in idealism and the opposite cynicism. First, that is the U.S., the land of alternative and freedom. A deliberate assault towards the financial freedom that crypto represents would run towards this nation’s values. Second, that is the U.S., the land of crumbling infrastructure. Our management can’t even muster the coordination essential to restore the nation’s bridges and railways. It’s too miserable to think about they is perhaps extra aligned on destroying the monetary infrastructure of the long run than sustaining the bodily infrastructure of the current. Supporting the lack-of-coordination facet of the argument is how the CFTC, in its swimsuit towards Binance, claims the cryptocurrency ether is a commodity whereas the SEC and the New York Legal professional Common each argue it’s a safety.
