A great conversation between @tylercowen and @matt_levine : https://medium.com/conversations-with-tyler/matt-levine-tyler-cowen-finance-bitcoin-19e380b7430 …
My favorite paraphrase: "If you're the Division of Enforcement at the SEC, [a very high priority] is protecting retail investors from fraud. (continues)
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Do you mean like Bernie Sanders? Notice how no institutional investors were burned by him. Everyone in the industry knew. Why wasn’t SEC disbanded after that failure?
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