It was only a matter of time before the SEC went after Coinbase (COIN) and Binance (private). The largest dark pool and exchange operators aren’t content to live with the economic leakage posed by the crypto exchanges. Once Coinbase and Binance are crushed, the next move will be to regulate Bitcoin into oblivion. My guess is that Bitcoin will be in full shackles when the Fed rolls out its digital Dollar (i.e. Fedcoin).
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