‘They’re Playing a Game’: What New Yorkers Think of the SEC’s War Against Crypto
After the Securities and Exchange Commission sued Kraken, a small but trusted exchange, CoinDesk asked passersby for their views on crypto and regulation.
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After the Securities and Exchange Commission sued Kraken, a small but trusted exchange, CoinDesk asked passersby for their views on crypto and regulation.
A sentry tower and wall complex in Bethlehem in the West Bank. Crystal head of research Nicholas Smart said terrorists are aware that on-chain activities can be monitored. (Johannes Schenk/Unsplash)
Some sectors of the crypto industry were excited (and/or confused) by an apparent BlackRock XRP Trust filing in the state of Delaware, suggesting the massive asset manager may try to launch an XRP exchange-traded fund (ETF) after applying to launch bitcoin and ether ETFs. But, this filing was “false.”
(Danny Nelson/CoinDesk)
We were full of “irrational exuberance” in November 2021.
We weren’t really sure if it was the last day or not. The jury determining Sam Bankman-Fried’s fate had begun deliberating the charges just a few hours before, after Judge Lewis Kaplan had spent much of the morning and some time after lunch reading out a 60-page charging document. Surely a case of this complexity – seven different charges, billions of dollars allegedly stolen, questions about whether witnesses were telling the truth – would take a while.
In this week’s edition of The Protocol newsletter, we explain how Kraken is reportedly considering launching its own layer-2 blockchain, following Coinbase’s recent launch of a similar network, amidst a broader trend of companies creating Ethereum-based transaction solutions.
The U.S. Treasury Department and IRS are poised to bring fresh crypto tax reporting rules into effect. The crypto industry largely seems opposed – the majority of comments I read urged caution or raised concerns about the proposal as written while only a relative few seemed to support it.
FTX was old-fashioned criminal fraud. SBF never believed in decentralization. And now the industry can move on.