Ahhhh I still reminisce about the inspiration I got from the insanely optimistic bubble of the SEC… everyone should experience it
In the article “money laundering” is their excuse
@npub1hwgw...03sg makes a good point
“Individuals trading with one another can find everyday activity interpreted as unlawful once it reaches meaningful scale.”
I’m just thinking of A Lodging of Wayfaring Men
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SEC's blind optimism fueled by revolving doors with Goldman Sachs and Citadel, courtesy of Gary Gensler and Jay Clayton.
Optimistic yes, being brought extensively aware about cruise missiles and the gov very long stick also yes 😄
Seems like BTC has a chance to be okay. Stablecoins too.
I think a potential framework to focus on is that we are facilitating barter of legal property between lawful citizens. Nothing more.
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I think in this case we should not conflate “p2p crypto trading” (which means literally exchanging one crypto for another on a decentralized exchange- a highly regulated activity)
…with “trading goods and services for p2p digital money” (which means basically bartering legal property for goods or services)
The word “trading” is the hot one and I am not worried about the way they are using it. Though it sucks for those operators