, 7 tweets, 5 min read
Narrative Watch 10.14 | Regulators Get Rowdy (aka Why You Might Owe Money On BSV) pscp.tv/w/cHS9NDE0Nzc1…
What we're discussing:

Multiple agencies & Senate getting up in crypto.

Specifically:

+SEC says no to Bitwise ETF
+SEC says HELL no to Telegram token sale
+IRS says you may owe money on BSV
+Senators say they may kneecap you if you work with Libra
+CFTC says ETH=commodity.
My takes:

+ETF is a long haul
+TG action seems baaaad for the idea of SAFTs
+IRS probably didn't mean for you to owe money on BSV but it might be more confusing no anyway
+CFTC comments are one bright spot
And what about the Senate letter?

If you're the CEOs of Visa and Stripe and Mastercard and you get that letter, of *COURSE* you're out. Why would you want that heat?

And by the way, all other FUD is, when it comes to regulators, NOTHING compared to crime.
The specter of crime - the more lurid, violent, or anti-American the better - is the key, easy fight for regulators against not only crypto, but encryption technologies and the like.
I produce #NarrativeWatch each week w. @MessariCrypto. To see all the great content that went into this one from folks like @brucefenton @prestonjbyrne @jchervinsky @collins_belton @HaileyLennonBTC @NeerajKA and more, check out the linkboard boards.messari.io/b/narrative-wa…
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