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by ATsch 1462 days ago
I think a similar thing as with the ICO boom will happen: The current mechanisms of fraud (ICOs) will become regulated, so the industry will move on and create new ones (NFTs, DeFi/"yield"). This cycle will continue until the SEC stops listening to smoothtalking lobbyists fearmongering about the SEC blocking "important innovation" and decides to fully pull cryptocurrency into the banking regulatory framework. At that point, lacking the ability to do things that are illegal to do for good reasons, cryptocurrency becomes pretty irrelevant.