In New Letter, SEC Has 5 Questions For Anyone Who Thinks They’re Going To Launch A Bitcoin ETF

Obviously, none of those things (especially the last one) are any semblance of important and if the SEC was really interested in being on the cutting edge of the digital-coin-based pyramid scheme revolution, they’d have dropped the whole benign paternalism bullshit when the Winklevoss twins came knocking last year.

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Carnage In Cryptocurrencies: South Korea Exchange Raids, Trading Ban Prove Governments Are Serious

As one derivatives trader we spoke with back in November put it, “almost everyone needs an exchange.” When you shutter these exchanges or worse, if governments were to make convertibility into dollars, yen, euros (or whatever) illegal, this whole thing would go “poof!” overnight.

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