The Global Industry of Crypto Will Need Class Action Legal Coordination

We're really at a cross road with americans. I have absolutely given up on explaining this issue on Reddit. If you are on here and you're one of the smarter ones, and you really want to know the legal situation that crypto dev teams are in, go to twitter and read the law threads by their legal cousel.

There is a reason non american dev teams will force KYC on their front end applications. Their countries which means most countries will not push back against america because of very obscure laws related to taxes and treaties and aml and sanctions and military treaties.

None of the exchanges will push back, it was much cheaper to do KYC. This remains the case, where america is pretty much banning most crypto domestically, and wants a couple exchanges to offer extremely limited services that Tradfi can economically control and suppress to otherwise neuter any ability of crypto to actually change socioeconomics and inequality.

Exchanges are terrified to do legal action, unless they have Coinbase levels of money. Well this is not a fight you can escape, every major dev protocol, every major exchange, especially european and international ones, need to seriously preemptively join a class action with coinbase and kraken and sue the DoJ and Treasury, this will absolutely be decided in the courts, basically SCOTUS.

SCOTUS is going to make or break this industry in most of the western world and determine whether or not permissionless finance gets devs sent to prison.