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by foodjinn
1115 days ago
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Mastercard and paypal have both shut down legal activity in the last 4 years on the backs of government decisions or targeting legal, but politically inconvenient activity and there seems to be no slowing down on that avenue. Pornhub is one recent major example of that. The idea that it's just criminal enterprises that benefit from being able to participate in markets without interference is laughable at best given the increased interconnectedness between banks and the regulators themselves, especially not even 6 months after a rash of major banking failures within the traditional financial markets. There is very little reason to have a favorable opinion of the SEC following the 08 collapse given their own hand in it or the banking failures existing now, especially when they refuse to clarify their position on what is or is not a security so people CAN legally operate in the space. It appears to many both inside and outside of the space that the SEC is wielding its regulatory arm to create winners and losers, and with their own track record it's a failing proposition. It may be hyperbolic, but the holocaust was a legal activity in Nazi occupied territory. |
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