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this post was submitted on 12 Jun 2025
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politics
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Cryptocurrency orgs have done one job extremely well here, and that's blatantly demonstrate that the best way to try to fast track legislation is Big Money.
It's like how all the cryptocurrency screwups demonstrate why there are financial regulations to begin with, now they're inadvertently helping demonstrate extremely clearly why we need to get money out of politics.
It is also a demonstration of how letting greedy fools play with themselves is not harmless, because it eventually spills into real life as their lobby pushes for recognition and deregulation. Same with investment banking, the immense greed and grift eventually dwarves the real economy. You either regulate it and prevent mass institutionalized gambling or everyine feels the shock when it explodes.