Thread by @biancoresearch

Yesterday I noted, per this story, that crypto regulation is coming. But reading this story, it is apparent that regulators are not sure how to do it.

ft.com/content/a2c13c…

@edwardnh @AshBennington @RaoulGMI @BanklessHQ @RyanSAdams @TrustlessState @CamiRusso @DefiantNews
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But what kind of regulation, what purpose?

@DavidBeckworth interviewed Fomer BoC/BoE head Mark Carney for his podcast Macro Musing

Carney gave the worst possible answer, to ensure central bankers remain relevant.

mercatus.org/bridge/podcast…

From the transcript (my highlight)

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My worst fear, regulators are afraid they will be irrelevant and will set out to destroy innovation and improvement to keep themselves relevant, all while claiming they are "protecting the public."

Remember this is a warning:
"I'm from the government and I'm here to help"

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Quick follow-up:

In my conversations with current and former central bankers, they have stated that their "relevancy" is an important part of determining crypto regulation.

They are all in favor or progress, as long as they are at the center of it.

please read @MarkJCarney

Who are regulators re cryptos:

* Miami QB Ryan Fitzpatrick ("FtizMagic!") who understood his job was to train his replacement (Tua).

Or are they Aaron Rodgers, willing to destroy the Packers to punish them for drafting his replacement (Jordan Love).

I'll bet they are Rodgers