> Do you think most/all stablecoin firms went into this space thinking they would go all cowboy and skirt all regulations? Yes. As a first point of evidence:

> Do you think most/all stablecoin firms went into this space thinking they would go all cowboy and skirt all regulations? Yes. As a first point of evidence: “get into a space and cowboy it up” is basically the whole SV operating procedure. See Uber, Airbnb, Tesla, etc. As a second, auditors have no problem auditing every multinational corporation and signing off that their complex shuffling of funds to utilize tax loopholes follow the letter of the law. Even people who are breaking the law can successfully be audited. If your books are so unclean that they are literally impossible to audit, it’s hard to fathom how you’re possibly operating legitimately.