It would be like some people going back to bartering, and saying a bushel of apples are worth one barrel of home-brewed beer (1 to 1). Then the SEC stepping in and saying they have the final word on bartering beer and apples, and it can’t be 1 to 1, nor can it be done in secret, or in front of children.
The whole purpose of crypto...was to get away from someone handling down regulations. But the deeper we go into crypto...it just seems like the ultimate purpose is money-laundering.
And Congress has granted the Executive Branch the authority to define and to punish money-laundering without further legislative intervention.
Get out now.
Nah, just a coincidence, I'm sure.................😉