This is hilarious. So crypto exchanges selling “securities” will be driven out of the US. Ok. US users will have to first buy “approved” cryptocurrencies like Bitcoin, transfer them to a non-US exchange or p2p exchange like Bisq and use a VPN to buy whatever they want.
The real winners here are these lawyers and apparatchiks who have never created anything of value in their entire life.
Correct. And if you personally don't see anything of value being created by cryptocurrencies, nobody is forcing you to invest or work in this field. It's the beauty of free markets when they're allowed to operate properly.
Btw ever wondered why in the year of our lord 2023 you can't trade stocks on the NASDAQ after 4pm EST, and why an ACH transfer takes 3 days to settle? I guess it's easier to piss away billions in lawyers and lobbyists to gatekeep the competition instead of R&D to improve your products.
