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America cannot long remain free, nor first among nations, if it becomes the kind of place where universities are dismantled because they don't align politically with the current head of the government.
I agree with your indictment of the crypto industry in general, but when the authorities are done with the scammers they are most certainly going to come for Bitcoin. Nothing will be permitted to stand in the way of the new CBDCs.
I disagree that the SEC is going after “scammers”. SBF had many friends in Washington, including Gary Gensler. The SEC didn’t shut down FTX; FTX shut down when it ran out of money to fund its Ponzi scheme.
The SEC worked on behalf of Lubin and Buterin to shut down their main competitor, and the SEC gave ETH a free pass because they said it was “decentralized”.
Where is the evidence that the SEC is protecting ordinary American investors? Every scam, from Madoff to FTX, seems free to run its course, while the SEC pursues Martha Stewart and Kim Kardashian.
Like every other government agency, the SEC is completely captured by the industry it is supposed to regulate. Instead of protecting the public, they protect the entrenched interests from competition.