LOL, new financial exchanges popped up without following AML or KYC rules, trying to skip by all the checks and balances put in place for every other financial institution, and they thought they’d just…get away with it?
Contracts that clearly have no intrinsic value and are tradeable between individuals and corporations - those are derivatives by definition - and all of these companies and “coin” issuers thought that the SEC and CBOE wouldn’t come kick down their doors?
Fuck the crypto industry is as dumb as all the AI shills are right now. Goddamn this is funny to watch, and Gensler is no joke when it comes to squashing illegal or unregulated activities.