Paradigm's Justin Slaughter says crypto shouldn't repeat the mistake that sank Biden's crackdown: raw power with no good faith. "When people ask me why the Biden admin's crypto…
Original source excerpt
Paradigm's Justin Slaughter says crypto shouldn't repeat the mistake that sank Biden's crackdown: raw power with no good faith. "When people ask me why the Biden admin's crypto crackdown failed, I sa…
Paradigm's Justin Slaughter says crypto shouldn't repeat the mistake that sank Biden's crackdown: raw power with no good faith. "When people ask me why the Biden admin's crypto crackdown failed, I say because it obviously was not in good faith." "If there had been an effort to make clear that there were some companies they regarded as good actors, or if they'd done more rules, it might have actually worked better. But you had so many people saying, well, what is the way to comply?" "Once you start coming across as an anti-crypto army or defining yourself as such, you've lost that good faith." "This is the lesson I would tell to crypto. You cannot solve problems in politics just with raw power. You have to engage with good faith yourself."
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