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I see lots of cheers, and fears, regarding the US "crackdown" on #crypto.

This is expected. #Gensler (#SEC chair) has been very vocal for a long time that most "crypto" are clearly #securities, and since they are, a lot of companies working with them are currently outside the law. "Don't wait for us to come knocking on your door" is one of the things he's said.

_Most_ "crypto". The thing is, this doesn't apply to #Bitcoin, at all. While absolutely every single *coin launched by people trying to get rich riding on the back of the Bitcoin invention is a scam, that isn't true for Bitcoin itself.

Even in the eyes of the law.

I'm very much looking forward to the whole shitcoinery bullshit being burnt down. It's a huge distraction to the real global benefit being brought by innovation made on top of the Bitcoin network.