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 🤔)..

#googleai #BTC #crypto2023