A California ballot initiative to tax rich tech bros to fund EV chargers that the state doesn't have the grid capacity to power in the first place is somehow failing.A bit like a petty thief swiping a painting from the local fence only to find out it's an original Rembrandt lost since WWII and now everyone wants to kill him only much less exciting. The money was originally stolen from dark web drug bazaar Silk Road ten years ago when Bitcoin was worth about $2, not $20,000 like it is today. Speaking of which, the IRS raided a house in Gainesville last November and found $3.36 billion hidden in a popcorn tin.Yeah, this industry would totally be a loss if it moved elsewhere. (CryptoSlate)Ĭrypto derivative trading platform FTX's CEO, Sam Bankman-Fried, saw 93% of his $16 billion wealth disappear in a single day. What's more unstable than crypto stablecoins? Crypto stablecoin derivatives.What will America do without its ugly monkey JPEGs and "stablecoins" that lose 95% of their value overnight? Some other even more incompetent country, probably. The US government's incompetence on crypto finance regulations could drive the industry out of the country to.
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