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That bill was introduced 20 years too late.
by rcme 3y ago
That bill was introduced 20 years too late.
- deleted 3y ago[deleted]
- rchaud 3y agoAny sooner and it would have been branded as anti-business. Same reason that crypto has had a run of 14 years with almost no regulation.
- rcme 3y agoCrypto has existed for 14 years, but it has only become mainstream in the last 6 years. Binance, for instance, was founded in 2017. So 6 years from founding to crackdown. OxyContin was invented in 96. The effects were already terrible in the early 2000s. A bill in 21 is too little too late.
- rchaud 3y agoIf crypto became mainstream in 2017, how did Mt Gox even have 850k BTC to lose in 2014? Binance may be a new company, but US-based entities like Coinbase are not. They started in 2012, and they have to comply with US regs same as Binance.