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Sam Friedman's avatar

Danny, please don’t be seduced by the crypto crowd! There will be no regulatory safeguards under Trump, and even if there were, the risks of these fake securities aren’t worth whatever meager rewards they might provide.

Blockchain is a whole other story. There are likely practical uses, but enabling crypto isn’t one of them.

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Daniel Bachman's avatar

Don''t worry, Sam. Mostly this is more blockchain than crypto. And the crypto that seemed to be potentially helpful was the central bank sponsored variety. Even Heather Pierce, the new SEC commissioner, didn't bother to make a case for most of the junk out there.

And to be clear, I still expect crypto to either cause or accelerate a financial market downturn.

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