The War on Crypto
The SEC wants to protect us from earning airdrops & interest. Do you feel protected?
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.
Recap for the week of September 11th, 2021
ACTION RECAP 📚
Execute any good market opportunities you saw in Market Monday
Read The Ultimate DAO Report 🔥
WATCH & LISTEN 🔊
🎙️ Listen to The Digital Commodity Explosion | Brian Quintez
📺 Watch Layer Zero | Justin Drake
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.
We’re now live streaming State of the Nation—join us at 2pm EST every Tuesday!
Jobs opportunities 🧑💼
✨ See all listings on the Bankless Job Board✨
Popcorn Finance is hiring a community lead (great non-technical role!)
🙏Thanks to our sponsor
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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.