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coddiwomple's avatar

Really laughed at the Elon Musk comment/note :)

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Observer's avatar

Great summary of what's going on. There will be significant momentum from crypto proponents crafting a narrative accusing the SEC of being unfair and against technology. Ultimately the Coinbase strategy as "unfair victim" might end up forcing the government to investigate and expose a lot of the issues around crypto: Tether/Circle, wash trades, lack of any true of effective decentralization/privacy, etc. The biggest takeaway however is why Coinbase didnt hire this chicken for an advisory role or board seat. Would have saved them a lot of trouble!

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