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54219348 No.54219348 [Reply] [Original]

>Choke Point 2.0 culminates in the US govt sniping three crypto facing banks
>Signature, most notably, was solvent when the govt/FDIC shut it down
>literally immediately afterwards, tradfi faces its greatest general crisis since 2008
So it's pretty safe to say that the govt deliberately cut the financial ties between tradfi and crypto because they knew shit was going to hit the fan.
Crypto represents an "escape hatch" for hyperinflationary fiat chaos, and they wanted to know that hatch was closed when everything went wrong.
Pretty clever, and probably justified, but it still won't work.

>> No.54219362

>>54219348
it does helluva job of stopping people from buying in before the megamoon, very evil gatekeeping as is typical

>> No.54219369

>>54219362
I've never been happier to have nearly my entire net worth over on the side where I actually own and control my money.

>> No.54219381

>>54219348
Aren't there plenty of functional on ramps still?
I'm pretty sure they haven't choked the ramps in europe and latam yet

>> No.54219391

bisq and robosats fix this, still buying never selling, didnt even blink day of this shit

>> No.54219397

>>54219381
No it was a US govt specific action against US banks, particularly Signature which is NY based.
The intense hate boner from New York against crypto is really wild, it's a notably hostile jurisdiction.

>> No.54219424

What about Fidelity? How are they working around this? Has anyone used them yet?

>> No.54219444

>>54219424
It's wild how Fidelity just goes ahead with impunity. Likely the govt picking favorites/insider projects and then regulating the competition to death.

>> No.54219494

>>54219444
Trips. Fidelity is commission free, that's going to basically btfo Coinbase.

>> No.54220991
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54220991

>>54219494
Only robinhood was free with no surprises