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when it comes to attracting controversy and sceptics then rn nothing can beat crypto 😀 but love the besties balanced take on recent SEC lawsuits against binance and coinbase in yesterday's theallinpod
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adding few of the besties takes below: 1/ "I think there’s two ways to look at this, one is the conspiracy theorist way... and then there's the more simple basic reality which is that there was one part of the SEC that frankly didn’t do their job..." chamath
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"...then their is this part of the enforcement action after this ftx fiasco which is a lot of cya (covering your ass) by the SEC especially because it looked like they had some cosy relationships with them and so they’re coming down hard" - chamath
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2/ "Disruptive technologies, disrupt on behalf of consumers at lower prices, increased choices, etc… we do wanna have this innovation here… there are some innovative aspects to it." - jason
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3/ "… as individual investors began to loose money the emergent cry is where was the government to help, save and protect us…. As the retail market took their hits the sec has to step in …and everyone starts to say, it’s time to act we should have acted sooner…" - friedberg
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4/ "What SEC and Gensler are saying that it is not legal to operate a crypto exchange in United States... Gensler is far exceeding his authority and stating something like that... that Americans should not be holding crypto..." - DavidSacks
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"...why as a free people should we not be able to buy crypto if we want to?...and the question is why is Gensler going this far when previously he had relationships in the industry..." - DavidSacks
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"..he has an alliance with Elizabeth Warren and the rumor is that you know she will make him treasury secretary if he basically destroys crypto in the U.S" - DavidSacks
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for full context, check out https://www.youtube.com/watch?v=aPMNbMR1p70 episode
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