to those who think "JP Morgan owning exchanges and ETFs is GREAT NEWS!"...ARE YOU FUCKING HIGH?

These banks and hedge funds that your so excited about entering the crypto sphere are admitted market manipulators, why the hell would you trust they wouldn't do the same manipulation and spoofing in the crypto market that they do in other markets? And don't forget that they trashed crypto FOR YEARS! Bbut despite all that I see posts all the time here and elsewhere praising their entry like they will be Moses of crypto leading the masses to adoption. WTF?

JP Morgan paid a $900 MILLION dollar fine in 2020 after 8 years of manipulation of the precious metals market. Frankly they got off easy given they made far more that 900 million but the point is they acknowledged that they spoofed (faked) either demand or supply to make money on their comex future positions. Look????

https://markets.businessinsider.com/news/stocks/jpmorgan-spoofing-case-pays-fine-admits-wrongdoing-market-manipulation-traders-2020-9-1029631935?op=1

They were also partly responsible for the Malaysin 1mdb scandal and paid over 5 billion between the u.s. Malaysia and honk Kong in 2020, and it goes on and on. They are constantly paying fines that amount to nothing compared to their gains.

Now they own a large stake in metamask, they are looking for regulatory approval for an ETF (which is how they manipulate precious metals markets), and are now providing exchanges like Coinbase with banking services. Do you guys not see a problem here? The influence banks and hedgies like JPM will have over crypto will be massive and they will manipulate the market for their own gain and that of their partners. Up AND DOWN!

This situation is the antithesis of what crypto was intended to be and is unacceptable imo, and idk how we could possibly roll this back now. I guess greed trump's improving the world every fucking time. I'm very disappointed right now.