Conversation

Imagine you're a regulator looking at the wide world of crypto. You see overt frauds pulling rugs; 2017 vaporware ICOs still pushing their tokens; copy/paste DeFi projects pumping & dumping on centralized EVM forks. You see this & think, "...Uniswap. I'll go after Uniswap." 🤨

163

282

2,298

Jesse Powell

@jespow

Replying to

@jchervinsky

It’s theater. The goal is notches on the belt, not consumer protection, not good public policy. Big projects mean big headlines and media attention. Legit, domestic projects with known leaders are just easier to attack and shake down. Pursuing actual international crime is work.

2:33 AM · Sep 4, 2021Twitter for iPhone

Replying to

and

It’s never been a perfect system.

Replying to

and

Govt institutions are huge lethargic organizations. They can't really go after every single project & prosecute. So, they go after the biggest to send a message.

HONKED

Replying to

and

Ethereum is big project. Jus saying 🙄

Show additional replies, including those that may contain offensive content

Show