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This was posted in 8 June. With big name brokers in the US making a move into the crypto market today, is it fair to say this guy has no idea what he is talking
by csomar 3y ago
This was posted in 8 June. With big name brokers in the US making a move into the crypto market today, is it fair to say this guy has no idea what he is talking about?
+ https://www.bloomberg.com/news/articles/2023-06-20/crypto-exchange-backed-by-citadel-securities-fidelity-goes-live#xj4y7vzkg https://www.bloomberg.com/news/articles/2023-06-20/crypto-ex...
- alephnerd 3y agoEDX is non-custodial and open ONLY to institutional investors. The SEC's enforcement on Crypto Platforms is specifically aimed at separating the Broker Function from Exchanges.
- adventured 3y agoNot if the intention is to drive crypto into the ground first and destroy the initial sector players (eg Coinbase), so the establishment banking / finance system can recapture all of it in one swift regulatory move. It would then be ideal to be entirely out of crypto until the destruction is largely over, and the establishment gets its lock on the market. There were only ever two possibilities. They control & own it, or it doesn't get to exist legally. Everything else was naive fantasy and ignorance about how the world actually works and will always work (power, politics, guns).