Comments by "Kristopher Driver" (@paxdriver) on "Financial Times" channel.

  1. Here's why the SEC and FTC are wrong about crypto: as soon as you create a bitcoin wallet that gets resolved to the chain, and money exchanges hands, and licensed business are accepting it for transactions between citizens and other registered businesses, it's guaranteed to fall under their jurisdictions. The reason crypto isn't regulated is because the SEC and FTC are scared to admit they don't understand it well enough to make rules that won't make them look incompetent. A mature, responsible adult would admit their shortcomings, given they are working for tax payers, asking tax payers for help would be perfectly reasonable. We're not looking for force faults into wasteful endeavours, be honest and we'll figure it out much more quickly than pretending they don't think currency is currency with dictionaries and wiki searches available.
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  2. Embezzlement by another name smells just as stank to me. Even a gangster could read between these lines while sniffing one at the same time. I can't believe how shallow this reporting is. Either your journalists are children, corrupt, or there are none and this is all a generative AI model.
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