2 ms·
One thing I think I have learned from all this is the limited power of lobbying. Despite throwing billions of dollars at lobbyists and campaign contributions
by legitster 3y ago
One thing I think I have learned from all this is the limited power of lobbying.
Despite throwing billions of dollars at lobbyists and campaign contributions over nearly a decade, no legislation of any note was ever passed to protect crypto.
It's almost impressive, although I don't know if it could be chalked up to the complete ineptitude of the crypto industry.
- gphil 3y agoOr: incumbent banks worried about disruption have the stronger lobby/influence.
- paulpauper 3y agoyea, people assume lobbyists have special powers. look how much worse 'big tobacco' regulation has gotten over past 50 years despite endless lobbying by tobacco companies.
- CPLX 3y agoIt's because crypto is and has always been a scam and there's not ever going to be a constituency for that. The fact that they got pretty close is the scary part.