“Nobody ever saw a dog make a fair and deliberate exchange of one bone for another with another dog.” – Adam Smith
Crypto-optimism in the new year was hammered by multiple worrying regulatory developments in the US: Binance was cut off from USD, the US government is allegedly closing down crypto on- and off-ramps, PayPal suspended working on its stablecoin, Kraken had to stop its staking offering and BUSD was stopped by New York regulators with an alleged case against Paxos by the SEC.
Last December, I wrote that regulation would likely come back stronger. Here we are, folks. And this might just be the beginning.
After the remarks of Gary Gensler on the Kraken case, the divide among the crypto community widens. Bitcoin maxis shout that…
