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Crypto Thesis for 2023 | Ryan Selkis
Bankless
Cryptocurrency Market - I Don't Know Evil Vendor or Charitable Version
The most charitable version is we are not going to break policy which is we don't have oversight of the exchanges that are trading these. We're certainly not going to reward bad behavior right so just because this trade existed and it created a bunch of problems like that. This was a loophole that was exploited you've made your bed now lay in it, says Salkas. The only people that win are gbtc shareholders who still make their three hundred million dollars a year on these trusts and and the scc due to hardball tactics they can use as negotiating chip for long-term position.
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