The SEC going after the most legit crypto companies like Coinbase 🛡️, Robinhood, Kraken Exchange, and Uniswap Labs 🦄 is regulatory anarcho-tyranny: the worst actors are allowed to run wild, but the law-abiding are persecuted.

Like your broken-into car in SF getting a parking ticket.

“just”

The answer is NO.

European: I don’t understand. What’s wrong with me?

American: I don’t understand. What’s wrong with you?

That’s an old Terry Pratchett line, never been more true. These guys revel in their obtuseness, like it’s *my* problem. See it everywhere, like the student protestors.

“or trade up for a little more space”

Jesus.

It’s insane, especially because Trump does not give a rats ass about crypto. UST in Trump 2 will be just as if not more hellbent on tracking every last wallet and sat. Just another unforced error by the geriatric politicos and beltway wonks running the Biden campaign.

I LOVED this piece from Matt Zeigler on subverting narrative expectations.

This note by Matt Zeigler is a Conan O'Brien-level masterclass on the Conan O'Brien masterclass. Pure meta goodness all the way down.

No paywall on this one, folks. Enjoy!

epsilontheory.com/how-to-win-at-…

Standing in front of a sign that reads “Lowering Housing Costs” while handing people money to spend on houses.

No, I believe that Franklin Raines took home about 150 million American dollars for managing a government-supported bank that could not fail straight into the ground.

I believe that Franklin Raines is the epitome of Washington insider corruption and graft.

When you’ve lost Mike Green …

I mean, I love revisionist history as much as the next guy, but I have two words for anyone who wants to whitewash Fannie Mae from being just as much of a bullshit criminal bankster enterprise as Countrywide or WaMu …

Franklin Raines

Especially grateful for reading this, not just because of the great writing, but also because we all just died laughing watching Conan.

Well done, sport. Well done.

One country, two realities.

Data from University of Michigan today

The Facebook Crime Wave ...

Like Josh I am inundated with people asking 'is this really you' after being solicited crypto/trading products

I NEVER DM anyone ever here or Instagram/Faceplant

as josh says only Kevin O'Leary aka Mr. Wonderful or maybe Chamath Palihapitiya would do this

The replies here are chef’s kiss examples of the phenomenon they’re rejecting.