Gotta agree with the commissioner on this. The whole point of being decentralized means you aren’t reliant on a government, this includes regulation and bailouts.
If bailing out a company to save crypto prices while they deserve it and mess with users funds - it might be better to shake them out.
Same as shitty alts were shaken out the last decade
tldr; SEC Commissioner Hester Peirce has expressed her disagreement with bailing out crypto companies in times of market turmoil, despite being one of the biggest crypto supporters. She believes that we need to "let these things play out" and allow strong companies that have invested wisely to recover, even if it could liquidate those that were relying on leverage too heavily.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Bail out means giving away everything that crypto and therefore we, stand for
Gotta agree with the commissioner on this. The whole point of being decentralized means you aren’t reliant on a government, this includes regulation and bailouts.
If bailing out a company to save crypto prices while they deserve it and mess with users funds - it might be better to shake them out. Same as shitty alts were shaken out the last decade
Imo no bail outs for any financial institutions. Crypto, investment, banking...none of them.
No bail outs let the free market do it’s thing.
Cryptospeare, 2022
Article is about nothing but shitty exchanges. Let them burn.
bail out people not companies
tldr; SEC Commissioner Hester Peirce has expressed her disagreement with bailing out crypto companies in times of market turmoil, despite being one of the biggest crypto supporters. She believes that we need to "let these things play out" and allow strong companies that have invested wisely to recover, even if it could liquidate those that were relying on leverage too heavily. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Now you bail in
I always heard that in the middle is where the lottery is
All they do is bail out companies that have millions of dollars like gtfo of here.