crypto is like any piece of tech. depends on the wielder whether it is for benevolence or malevolence. Gensler and his slimy, greaseball, rat crew are a trojan horse. they wanted to use ftx as a model to usher in the regulation that THEY want which would benefit the centralized exchanges, existing banks, CBDCs and fuck over defi and the entire purpose of crypto at it's heart. They know crypto has the power to take away their funding power and ability to create and send money to whatever bullshit cause they want ( green new deal, Ukraine but more on that later). It takes the power of banking and gives it to the individual, but my guess is you Ho-Lee already know much of this. To me this whole episode is a major bump, but shows 1) they're terrified of ppl controlling their own money. 2) They aren't that smart, they're just conniving cocksuckers who will break every law to get what they want. 3) crypto has the power to replace our current system or they wouldn't be fighting this hard to control it.