Bankless

ROLLUP: Prometheum SEC Psyop Exposed

17 snips
Jun 16, 2023
The hosts dive into the SEC’s questionable handling of crypto regulations, exposing the oddities surrounding Prometheum's broker-dealer approval. They debate the Ripple case and the inconsistent classification of Ethereum as a security. The conversation shifts to the cryptocurrency market's recent downturn, influenced by regulatory actions and Fed decisions. Amidst the chaos, innovations like Uniswap V4 and educational efforts from Metamask offer glimmers of hope in the evolving Web3 landscape, blending humor with serious critique.
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INSIGHT

Hinman's Emails

  • Hinman's emails reveal the SEC's internal discussions about ETH's security status.
  • This contradicts the SEC's later claim that Hinman's 2018 statement wasn't official.
ANECDOTE

Robinhood Delistings

  • Robinhood delisted Cardano, Polygon, and Solana following the SEC's classification of them as securities.
  • Other exchanges have not followed suit, leading to criticism of Robinhood's decision.
ADVICE

Bear Market Mentality

  • Maintain focus on your investment thesis and adopt stoicism during bear markets.
  • Tune out negativity and focus on the long-term potential of your investments.
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