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yongjuncaia12
@yongjuncaia12
I just hope that with these news we don't get the next FTX buying stadiums and advertising on super bowl ads. It's highly probable that such thing could happen with the current way things are going. If government bodies and enforcement agencies are weakened then many things could go wrong. There are some consumer protection laws but if there is absolutely no enforcement disasters can happen. If we get more schemes like Celsius to collapse and make people lose money then crypto will lose a lot of credibility. How is the Trump administration planning to avoid these situations? Will they utilize the SEC's lawyers for some examplementary prosecutions like against Mashinsky at least?
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yongjuncaia12 pfp
yongjuncaia12
@yongjuncaia12
I'm sure Trump also doesn't want to undermine traditional securities markets and investing so probably he doesn't want another ICO bubble taking place. However with the relaxed enforcement more US nationals may feel comfortable to try and start an ICO. At the very least officials in the US could make ewsier the process to have a sanctioned investment offering.
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