The biggest hack in crypto history landed at the worst possible political moment. Ledn co-founder Mauricio Di Bartolomeo says the Binance hack could give Democrats strong…
Original source excerpt
The biggest hack in crypto history landed at the worst possible political moment. Ledn co-founder Mauricio Di Bartolomeo says the Binance hack could give Democrats strong leverage to make the Clarity…
The biggest hack in crypto history landed at the worst possible political moment. Ledn co-founder Mauricio Di Bartolomeo says the Binance hack could give Democrats strong leverage to make the Clarity Act more restrictive "The setup that we got is we're turning the House and the Senate over to the Democrats, who historically had been not in favor of passing or enshrining some of these things into law." "You're doing this in the context of the largest hack our industry has ever seen, where the assets that were stolen were literally being laundered through these permissionless protocols, many of which are the ones that you're looking to get exemptions for, or criteria established for, around the Clarity Act." "The combination of those two things makes it very unlikely that it's going to stay written as is. Some of the exemptions or flexibility that was trying to be built in, I think that's going to get reversed, actually." "You just got back this authority in the midst of a Binance hack, with evidence that all of this has been flowing through these decentralized protocols. Oh, boy. You've got a lot of political ammunition."
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