Both Bitcoin Maximalists and The Crypto World Encourage S.E.C. Regulation

In my last article, I addressed the current liquidity crisis in bitcoin as primarily due to the movement to bitcoin legal tender and increased legacy participation while relegating the exchanges and DeFi debacle into a diminishing sideshow.

It is the qualities of bitcoin that support this view, a view shared in a special June Contagion Report prepared by Dylan LeClair and Sam Rule who conclude, “The proliferation of unsecured and under-collateralized lending across the crypto industry in particular…