Ken Griffin as soon as referred to as crypto a ‘jihad in opposition to the greenback.’ Now Citadel desires to be a market maker for Coinbase — however does Coinbase neglect?
Gary Gensler did his harm and walked away. He spent years kneecapping crypto, treating on a regular basis buyers like scammers whereas letting Wall Avenue rinse and repeat the identical predatory schemes. Then, when he was carried out wrecking an trade, he retired to MIT, the place he now sits in some quiet nook of a constructing, supposedly “main” innovation in digital property. Proper. The one factor he ever innovated was how briskly he may difficulty a Wells Discover.
And now, one after the other, these Wells Notices are getting tossed out by the brand new administration — confirming what all of us knew. Gensler and his crew weren’t defending anybody. They had been enjoying favorites, ensuring crypto stayed exterior the system whereas the actual sharks — his buddies on the massive banks and hedge funds — saved their palms clear.
Coinbase is aware of this all too effectively. No firm has needed to struggle tougher for legitimacy. Whereas Wall Avenue dismissed crypto as a joke, Coinbase constructed the infrastructure. They weren’t in search of permission from folks like Gensler or Ken Griffin — they simply constructed. And after they wanted readability…
