nostr:npub1dc2nfat0e85n0crzxlyt5j6kv272e38p5086h8qkmzfep0kylj3s92u5hg on US Department of Justice bringing criminal charges against Binance and its CEO Changpeng Zhao:
"The game feels a bit more fair today. The last 12 months have answered 2 nagging questions from shareholders:
1. How are they going so fast?
2. How are they getting away with it?
"Trust me, any day now..." is only believable for so many years. It's hard to keep faith while your market share dwindles and the only enforcement that's happening is against the good guys.
Fortunately, we have very long-term oriented shareholders who understand that this holy mission is a marathon, and that we must lead by example.
Unfortunately, many of our like-minded, responsible peers perished while waiting for justice to arrive. For them, there is no solace.
New threats to the industry's reputation continue to emerge. Each dodgy operation represents an opportunity for governments to scapegoat crypto and tighten the noose. We clearly cannot count on timely protection. We have to self-police.
People have asked how they can support the various fights against government overreach. The easiest thing you can do is use and refer people to the services which are engaged in these fights (like Kraken), which are playing the long game, and are being good examples for the industry. They may not offer 0-KYC accounts and the most exotic products but you will be contributing to the longevity of the industry rather than yet another avoidable, collective black eye."