The SEC is "killing" crypto so they can control crypto.
The playbook:
1. Cut the on/off ramps to starve the ecosystem of liquidity (limiting existing crypto businesses' earnings)
2. Create a dubious regulatory environment to deter new startups from entering the space
3. Purposefully deny regulatory licenses to crypto businesses + take legal action against them
4. Pave the way for TradFi institutions to take over the space by granting them the appropriate approval (today BlackRock filed for a $BTC ETF)
The SEC doesn't like idea of "crypto cowboys" controlling the industry.
They'd rather give licenses to companies they know they can control (or companies that "control" them 🤔)..
Hong Kong DEMANDS banks to enter crypto
This is so that they can profit from all the US institutions, funds, wealthy individuals that will be transferring their fiat into HK to get exposure to crypto
All while US retail is fully shut off from crypto (thanks to the SEC)
https://t.co/AnkOPj0efN
I could buy a Mac just for this :
Apple Inc. has formally recognized Bitcoin as money. This move is seen by many as a clear next step in Apple's trajectory, following their earlier involvement with Bitcoin via the inclusion of the Bitcoin Whitepaper on every Mac.