Genesis & DCG Meltdown? | Was 2021 Just a Gigantic PONZI?
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Regulatory Turmoil and Market Consequences
This chapter examines Grayscale's legal battle with the SEC over converting their Bitcoin Trust into an ETF and its potential impact on the cryptocurrency market. It addresses the fallout from significant events in late 2022, including high-profile collapses like FTX, alongside the regulatory challenges facing platforms like Coinbase. The discussion critiques the regulatory landscape and highlights the dangers of unethical practices in the crypto industry, underscoring the systemic issues that have led to investor vulnerabilities.
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