What a fucking pussy. He knows his stack is target number one for the feds. He is trying not to get rugged by simping to the state.
Bitcoin doesn't care about any of this. It can't, because it's software and doesn't have feelings.
That said, this will lead to users getting rekt and then losing their funds. Teach your friends and even strangers about self custody.
https://video.nostr.build/8665cd7a39ce3f5d1ee28cfa801d61fc7085328acc0071458931060c0ebec1f2.mp4
Discussion
first in the door slams it behind them.
then builds a regulatory moat,
then a bank.
this was always the plan.