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I guess this is a net positive for institutional adoption.
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Absolutely. It will also kill quite a number of shitcoins (securities).
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Because majority of the shitcoins are securities and will have to be registered as such or removed from the US exchanges.
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That just makes them regulated shitcoins doesn’t stop technology
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The technology was never the problem. Snake oil salesmen is the problem. All are pretending to be on the same level sa Bitcoin, preying on noobs.