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this isnt the only player to basically hit the pause button when things dont go their way in the unregulated crypto market; Solend is playing a similar game as
by nimbius 4y ago
this isnt the only player to basically hit the pause button when things dont go their way in the unregulated crypto market; Solend is playing a similar game as well.
Had this been, say, Robinhood, punishment would be swift and effective. As crypto has no regulatory framework or model by design, you can only place your hope in a benevolent oligarch who capitulates to the definition of the free market he espouses as well as the one he endures.
- jrumbut 4y agoThe more useful part of the regulations aren't the punishments or even the mechanisms for recovering people's money, it's the guiderails to prevent loss of deposits from happening in the first place.
- eftychis 4y agoThis is still commodity trading. There are rules and they apply. There are being investigated. I think you have a bit of an overestimation how swiftly Robinhood would be hit with anything. Recall it wasn't long ago when Robinhood received the ire of people, because they screwed their risk management (and by screwed I mean they didn't have any) and were unable to continue trading certain volatility securities. And thus, stopped the ability to buy said securities. What was the punishment it received? A day in front of the Congress shifting blame? I would be a bit more cynic when dealing with these topics.