Depends where the spending went. It's fraud to agree to buy something and not pay.
But who is selling anything for Eth?
> Acknowledging this as "theft" kind of undermines their agenda to kill off alternative currency.
Whose agenda?
But who is selling anything for Eth?
> Acknowledging this as "theft" kind of undermines their agenda to kill off alternative currency.
Whose agenda?
Governments generally have no interest in alternate currency systems that are not under their control, taking off. So far, crypto currency has been flying under the radar and the ones that have broad support from financial institutions go against the very idea of Bitcoin and Etherum, i.e. they are not providing much of the benefit that supporters of crypto currencies are interested in.
Total Coinbase fees already went over Intercontinental Exchange fees in the last cryptocurrency bubble (because of the large margins).