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A comment on Let Crypto Burn. Parent comment

Re:Let Crypto Burn by throwaway98797 on Sunday November 20, 2022 @02:30PM (#33684349)
FTX was in part big because coinbase could not release their yield product

this would have been smaller if gary gensler didn’t intimidate brian armstrong

pretty clear gary is hurting a lot of people by saying he’s helping

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Re:Let Crypto Burn by zmaurelius on Sunday November 20, 2022 @02:45PM (#33684518)
It looked like Gensler was trying to secure a monopoly for FTX in the US, so making sure Coinbase didn't have a competing product was a cornerstone of that game plan.
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