I love Bit Paine and a lot of what he says on twitter but no, sir

They are on a witch hunt. Your “Bitcoin only” status isn’t going to matter I’m afraid. They out here trying to label every service as money transmission regardless of true custody or facts, and even if you do KYC they’ll go after you for rumors that you accidentally funded terrorism or criminal activity and didn’t have proper oversight.

The court battles will be long and intense, for those that make it that far without pulling the plug first (as we’ve seen many do already unfortunately)

Regulators, SEC, etc are clearly showing they would like to kill Bitcoin and crypto, with the only thing standing being ETFs (and maybe Coinbase custody of Bitcoin for individuals) and CBDC.