3min chapter

"Moment of Zen"  cover image

E15: Nic Carter on Balaji's Bet, Operation Chokepoint 2.0, and the Fed's financial crisis

"Moment of Zen"

CHAPTER

The Brittleness of Cryptocurrency

Curtis: If the government wants to shut off crypto, it's about this much work in the scheme of things because we don't actually have any regulatory protection. There is no law from Congress that's guaranteeing a certain set of rights. We haven't had a Supreme Court case yet. And if you think about the banks, their incentive is like, okay, so I have this crypto customer. They're like, I don't want to do any additional work. It significantly increases the amount of work every time regulator comes in.

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