https://twitter.com/matthewstoller/status/159372959492171367...
I'm trying to find the original source for this but I can't. Matt Stoller is literally The Anti-Trust Guy on Twitter though.
Also, the U.S. is currently engaged with the Bahamas in a jurisdictional battle for SBF's seized funds:
https://www.reuters.com/technology/bahamas-regulator-says-it...
Has fraud ever been more obvious and clear cut than in this case?
It's likely a very complicated case, so I would imagine it will take some time. It took what, 2-3 years to bring the case against Elizabeth Holmes over Theranos?
Perhaps people prefer that approach, but to me this is a situation that calls for vocal messaging from the top.
The fraud is public for all to see and pretty much indisputable. It’s far worse than Bernie Madoffs scheme ever was
Evidence needs to be gathered before any formal prosecution sure, but would like to see more of a verbal acknowledgement of the clear wrongdoing from regulators
I'd prefer it more if this standard of restrained would be applied everywhere. It clearly isn't, and that is a problem. Not only, but certainly also, because it makes one wonder if the restrained is motivated by CYA.
But we missed the opportunity to proactively regulate. We can’t get this back. Governments absolutely should not shoot first and ask questions later. The wheels of justice should be slow and exact. The alternative is much worse.
So you just care about the optics?
And that the US government will investigate all Centralized exchanges to the extent possible, regardless if it’s within their jurisdiction.
And that Tether will be audited.
Or we can silently pursue the case for 3 years and allow many new forms of fraud to flourish in the crypto space.
A quiet pursuit is somewhat comparable to an implicit endorsement in my mind