The hidden agenda behind the recent SEC crypto crackdown:
Big TradFi funds sat back in 2017 and 2021 and watched crypto exhibit 1000%+ returns, whilst they were sidelined watching their equities grind up 10% per year.
This made them extremely envious of new crypto startups making BILLIONS from crypto trading.
These big companies (BlackRock, JP Morgan, Goldman Sachs, Citadel etc.) are used to controlling financial markets, and crypto makes them feel threatened.
"Kill" crypto businesses via aggressive regulation, so that big TradFi can step in and control US trading.
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The hidden agenda behind the recent SEC crypto crackdown:
Big TradFi funds sat back in 2017 and 2021 and watched crypto exhibit 1000%+ returns, whilst they were sidelined watching their equities grind up 10% per year.
This made them extremely envious of new crypto startups making BILLIONS from crypto trading.
These big companies (BlackRock, JP Morgan, Goldman Sachs, Citadel etc.) are used to controlling financial markets, and crypto makes them feel threatened.
"Kill" crypto businesses via aggressive regulation, so that big TradFi can step in and control US trading.