Doubt it.
Shit is fucked.
Expect full regulatory destruction.
Not yet though. There is still a lot more pain to come. When BTC under 4k then they will go in for the kill shot.
And I will add: Celsius, BlockFi, Genesis, 3AC, FTX, every exchange and lending firm is NOT crypto. They operate IN crypto.
I hope that in future regulators, investors, and other participants understand the difference.
Regular crypto users do not understand the risks they take by potentially transacting with sanctioned entities. There is no way to apologize. You go to jail.
Cardano needs to facilitate regulation or it will not be usable.
USDC can blacklist addresses because tokens are created with smart contracts. On Cardano, tokens are created w/o smart contracts, so no way to blacklist addresses.
The Cardano community sees this as a positive, but it’s why there aren’t centralized stable coins on Cardano
When the wall of communism fell, we (The U.S. and the U.K.) convinced the Ukraine to denuclearize as they had a third of Russia’s nuclear weapons when they became independent. In exchange, Ukraine received a signed security guarantee from us known as the Budapest Memorandum. 1/8
If China attacks Taiwan we won’t sanction them. We need them too much.
When Saudi Arabia attacks Yemen we look the other way.
Any country that thinks we will protect them is heading for a rude awakening.
For a long time the world order has been preserved by promises of protection from the US.
Our interest to protect many countries is based on an old world view that saw the rise of communism as a threat to the internal politics to the US.
We are not worried about that any more.
We don’t care if a country is a democratic or not. We just want to trade with them.
Russia is a economically not valuable to us. They push our natural gas prices down. The sanctions don’t hurt us.