Yes, but would you pay me half a gazillion dollars to get it back?
Or perhaps you’ve previously managed to convince some easily led people (by loudly proclaiming so) that it is worth a gazillion dollars and I can sell the bag to them!
I’m not sure how all these people operate in the real world. I would like to find them and sell them all kinds of things.
Art is subjective, so perhaps they have purchased a piece of work that speaks to them. But I doubt it. Those bored apes and all the copycats are just fugly.
Menzo
3366
Five years later and the SEC is ON IT!
Yeah, it’s weird they didn’t do it when Clayton was on a tear against ICOs, but maybe they thought Binance was too big to take on at that stage.
The good news: Congress is starting to move on crypto regulation.
The bad news: the first proposed bill would basically gut what little oversight of crypto there currently is:
https://www.washingtonpost.com/business/2022/06/07/crypto-lummis-gillibrand-regulation/
As the article explains, the proposed bill would strip the ability to regulate crypto from the SEC, which is both able and willing to prosecute crypto scammers, and instead give that to the CFTC, a much smaller and crypto-friendly agency that will probably do zip.
(The bill has many miles to go before it becomes a law, but this is a pretty disheartening first step.)
Banzai
3369
its kind of irrelevant given that scotus is likely to gut regulatory power for all federal agencies soon. 1850, here we come! let the buyer and everyone who lives near a factory, mine, etc, beware!
Given that even the SEC acknowledges many crypto tokens are more like commodities than securities, it kind of makes sense in the abstract for at least some regulation of it to fall under the CFTC. But
a) The CFTC has a reputation as being among the most industry-friendly of US regulators (along with the OCC on the banking side).
b) It’s not clear from the article whether the bill would enshrine or overturn the SEC’s security token/utility token/payment token taxonomy. If it does the former and leaves the SEC in charge of security tokens, I’d be less concerned, but if it does the latter and puts everything under the CFTC, then we’d have a real problem. I don’t really see how it could though without explicitly disavowing the Howey test and/or repealing (parts of) the 1933 act, which would have huge implications for US securities law.
Thrag
3371
Terra’s relaunch is going well.
Aceris
3372
What I see is the insiders selling something for which they paid nothing and which is worth nothing for $4 a pop. So the relaunch is going great.
Web3 continues to be going great indeed!
Thrag
3375
True, it’s all a matter of perspective.
I’m shocked. Shocked I tell you!
The only thing surprising about all the grift in bitcoin is that the Trump crime family hasn’t moved in for a piece of the action. Why aren’t there Trumpcoins?
You mean this?
edit: fair’s fair, also this:
and this:
Scuzz
3380
Trump knows a scam when he sees one. Even he is probably smart enough (kidding) to know it is too late for that.
EDIT: I forgot about Melania’s NFT thing.
Timex
3382
Anyone giving money to crypto bros at this point is an idiot, and deserves to lose their money.
To really skin the marks with crypto requires some technology chops. Trump doesn’t have it, and Truth Social demonstrates the tech skills his organisation possesses.
