> @GaryGensler’s information reporting “requests” to the crypto community are overburdensome, don’t feel particularly… voluntary… and are stifling innovation.
That's not what our entire media apparatus was calling it two months ago. SBF and the other crypto-wunderkinds had everyone convinced that their innovation was genuine.
And honestly, it is innovation. It's a novel way to scam people.
Not all innovation is good, it turns out.