Wait you’re telling me that you can “securitise” “lending”?
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Very funny to me that the prevailing take a few months ago was “Gensler understands crypto so he will be friendly to crypto companies” rather than “Gensler understands crypto so is hyper aware of just how much consumer protection is needed here”.
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"its guaranteed free money bro, gensler gets it"
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"exchange risk isn't real bro, we can just turn it off when we want"
End of conversation
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Ah yes, Gensler cares deeply about crypto investors and just wants to protect us, that’s why he’s going to do his best to kill the industry
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He’s not thinking about you (active on crypto twitter, researching new coins, can afford to lose it all). He’s thinking about your retired uncle in bumfuck, ohio who goes all in on crypto because his drinking buddy said it was hot, and immediately gets dumped on.
End of conversation
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rather than..... “Gensler understands crypto, so he is hyper aware, of just how much his old big-banks friends, are missing out, and how he is needed here, to stop this freedom to make bigger yearly intrest rates then the banks 0.00001%. that can lose big clients.”
Thanks. Twitter will use this to make your timeline better. UndoUndo
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