The War on Crypto
The SEC wants to protect us from earning airdrops & interest. Do you feel protected?
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Dear Bankless Nation,
The SEC is investigating Uniswap Labs.
They want to sue Coinbase.
These are honest actors building valuable products. Doing it by the books is Coinbase’s entire business model. Both Uniswap and Coinbase have created a massive amount of wealth for U.S. citizens and increased financial access for the world.
So why is the US treating its most innovative tech companies like criminals?
The SEC was created to protect retail investors.
They’re protecting us from earning higher savings rates. They’re protecting us from financial access. They’re protecting us from ownership in next-generation protocols.
Do you feel protected?
Because I don’t.
I asked former CFTC Commissioner Brian Quintez last week if he thought Americans lived in a financial prison. I asked him if he thought the restrictions, barriers, and threats from aggressive regulators were starting to drive out the immense amount of human and financial capital from America.
He agreed…this current regime is chilling crypto innovation in the U.S.
So who’s asking for this stuff?
It’s not everyday Americans. It’s not retail investors. It’s not the crypto industry.
Cathie Wood of Ark Invest thinks it’s all a symptom of the banks fighting back. They’re worried about being “hollowed out” by DeFi. Now they’re calling in favors.
🎙️ We talked about this w/ Cathie Wood in an epic 90 min podcast that you absolutely can not miss! We’re releasing the full episode this weekend for Premium Members.
If Cathie’s right…it’s actually bullish.
The banks are scared.
But crypto has grown stronger while they’ve been sleeping. This is now a multi-trillion dollar industry backed by a fervent community. We have the capital. We have the people. And we’re on the right side of history. A powerful combination.
Coinbase can beat them in the courts.
We’ll beat them in the court of public opinion.
Here’s what’s lined up for next week:
Epic podcast dropping with Cathie Wood and Chris Burniske 🔥🔥🔥
We’re doing a panel on Loot! Gimme the loot
Ben’s going to show you how to get price exposure to Layer 2
Enjoy the weekend.
- RSA
P.S. Q: Are sports NFTs are the next big thing? A: Yes. Check out SoRare where you can collect official football player cards as NFTs and use them in fantasy sports! Collect & Trade. ⚽️
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Recap for the week of September 11th, 2021
🎙️ NEW PODCAST EPISODE
Listen to podcast episode | iTunes | Spotify | YouTube | RSS Feed
ACTION RECAP 📚
Execute any good market opportunities you saw in Market Monday
Read The Ultimate DAO Report 🔥
Onboard to Arbitrum and capitalize on the market opportunities
WATCH & LISTEN 🔊
🎙️ Listen to The Digital Commodity Explosion | Brian Quintez
📺 Watch Rollup: Steph Curry & Tom Brady FTX | Crypto Regulation | Solana
📺 Watch Layer Zero | Justin Drake
METAVERSAL 🧙♂️
BANKLESS DAO 🏴
Weekly Subscriber Perks 🔥
Bankless Premium Members get access to perks like these:
Full Access: No Days Off | Market Monday
Exclusive: Debrief for The Digital Commodity Explosion
Coming this weekend: Full Podcast with Cathie Wood of Ark Invest
Launch your own raffle for Bankless Badge holders! Go ahead. We can’t stop you.
📺 State of the Nation
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We’re now live streaming State of the Nation—join us at 2pm EST every Tuesday!
🗞️ Latest Weekly Rollup.
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Jobs opportunities 🧑💼
✨ See all listings on the Bankless Job Board✨
Popcorn Finance is hiring a community lead (great non-technical role!)
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🙏Thanks to our sponsor
Aave
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tbh, being old (over 40) and making it in crypto is a bigger flex than being young (under 30)Want to get featured on Bankless? Send your article to submissions@banklesshq.com
Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.
First and foremost, what we would like to see are clear rules for the industry so that, regardless of whether or not we agree with the rule, we understand how to comply with it. To learn about multi dex portfolio tracker, read this blog https://www.dexfolio.org/blog-posts/multi-dex-portfolio-trackers.
Their way of protecting "Will" mean us getting Poorer and them Richer.🤔