I don't get the outrage. Things change, especially in a field of new, disruptive technologies like bitcoin. I like his response. Can't see what is wrong with it. State adoption will bring much greater shifts in narrative and wise adapt or fade away.

Good morning

Blessings friend

Pura vida

Enjoy your sunday

A rubber stamp by a government regulator to allow or disallow a fiat instrument (securitization) of a crypto token doesn't mean anything to me.

Nothing happened. There is still no second best

Wall Street likes fees

Government likes bribes

Gm

Gm

In the full segment he fully explains what happened. ie the issue became political. a formerly hostile administration saw their compeitors position themselves as hardcore pro 'crypto', and so they knee jerked.. throwing out 100 years of securities law, and approving trash, in a bid to win back votes.

the vast majority of people know ETH is a blatent security, but when corrupt politicans get involved, and exert their will, to the extent that you aren't prepared to rally and go to Washington to overturn the decision (would be great if someone did this by the way), then you simply have to update your models, and proceed accordingly

Morning☕😊

https://en.m.wikipedia.org/wiki/Gresham's_law