You don’t threaten the $100 trillion global economy and expect it to not fight back.

People seem shocked and dismayed at the Binance and Coinbase filings and the hints that the SEC may be using this as springboard to even attack Defi in the future.

Honestly I’m surprised it took this long. America has been drifting towards authoritarianism for a long time and the fact that it took this long for them to develop a coordinated effort to attack an asset class that threatens their economic stranglehold over their population is the only surprise for me.

America isn’t alone. But it’s surprising that most on the list of anti-crypto regimes are coming from authoritarian governments. The fact that the United States is adding their name to that list should tell you all you need to know about the direction they want to move the country in.

Eventually it wouldn’t be surprising if the FedNow program morphs into a full blown CBDC to “compete” with China’s effort at it.

Eventually I think crypto wins, but this is going to be a war. This won’t be some easy victory. Gone are the days of friendly regulators at least as long as the current regime holds power.

If you decide to stay and fight you may eventually find yourself outside the boundaries of the law yourself. So just how committed are you to first principles and the cause crypto is fighting for?

I imagine the get-rich-quick crowd is heading for the exits. Most of the grifters and influencers will probably be close behind, but crypto has fought these battles before. We just need to stand our ground and get politically active in our respective countries and fight for our digital asset rights. It isn’t going to be given to you freely.