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Comment by rideontime | Hacker News Reader

What makes you think this is the end of anything?

The rumour about Binance indictment by DoJ has been going around for 1-2 years now. Its one of the last remaining pieces of major news that could have potentially negatively affected the industry. After two years of prosecutions, regulatory uncertainty and general poor market conditions, its only now starting to feel like there's light at the end of the tunnel.

Your optimism is fascinating & inspiring. Perhaps one day it would mature enough for GNU Taler and the like.

do the recent Kraken charges change this sentiment at all?

Not really. SEC investigations are civil, not criminal. They might end up paying a fine, but there is no risk of jail time or anything similar. Also, while I like Kraken as an exchange, its market share is not significant enough for it to matter in the big picture.

> SEC investigations are civil, not criminal.

SEC investigations address both aspects, when it gets past investigation to litigation, they do civil litigation themselves and refer to DOJ for potential criminal prosecution.

Coinbase has been charged with more or less the same thing since this summer. The SEC is grasping at straws at this point.

Pay no attention to those stablecoins over in the corner.

The name implies they are stable, what more could anyone want?

> Its one of the last remaining pieces of major news that could have potentially negatively affected the industry.

What, is the giant ticking timebomb of the USDT money printer not likely to 'negatively affect the industry'?

> Its one of the last remaining pieces of major news that could have potentially negatively affected the industry

Lol. Tether imploding anyone?

That’s pretty unlikely to happen at the moment though. I’m far from a Tether fanboy, but in this interest rate environment they are likely making boatloads of money just by sitting on a nice chunk of T-bills.

Light to final blow against crypto the horrible CO2 production and the annoying get rich apps.

Let's hope it dies sooner than later.

There are now lots of efficient cryptos and some that can run on a single wind turbine. But I am with you, hoping the energyvore ones die as fast as possible.

The efficient ones are still outright scams if not blatantly illegal. All cryptocurrencies should die. After more than a decade it's clear by now that blockchains are a useless technology and the investors are getting more and more desperate to pass the bag.

Yes, it's so nice how the traditional finance system has no CO2 emissions

The classical financial system has much less CO2 per transaction and more features.

It's the perfect finetuned and still optimized PoS system.

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