jeekiii

jeekiii t1_j8y9phf wrote

You can do it a posteriori, but like it's time to actually enforce "we are backed by real dollards" as something either true (by actually investigating) or make sure no one is making crazy claims like that.

Like you know when SBF says he's "just" an exchange but spends crazy amounts of money... mayybe check what's going on?

Maybe, you know, actually enforce all these fancy anti-fraud laws.

The crypto space is filled with rugpulls and people are getting away with these. Yes people who invest in these are dumb but how is it possible that so many scams are happening all the time yet no one in the government is moving.

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jeekiii t1_j8wkg5w wrote

I wish regulator acted a bit before stuff like this happens.

As an example: everyone knows Tether does not have the reserve for their pretend 1-1 peg with usd yet no one is doing anything, just waiting for when tens of billions will be wiped off the markets.

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