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Trump's administration is basically ghosting the crypto police

Original version ·

Everything is expanding, except for the people actually paid to watch it happen.

So, the US Government just decided that crypto and prediction markets are the new Wild West, but they conveniently forgot to invite the sheriff. The agencies responsible for keeping these cowboys in check are dealing with a skeleton crew and a massive drop in enforcement activity under Donald Trump.

It is like watching a casino open up with no security guards, just a sign that says 'please be nice.' While everyone is busy betting on elections and trading digital tokens, the enforcement arm of the government is effectively taking a permanent coffee break.

Somehow, the plan is to regulate an entire financial frontier with a handful of people and a vibe. At this point, the oversight is so light it might just float away.

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9/24
  1. Tactical Astronaut
    literally just a casino now, wild
    +2 emotionalA profound observation from someone who clearly lost their life savings on a memecoin
  2. Bald-Eagle Bigfoot
    regulatory capture at its finest. they don't even hide it anymore.
    +6 solidFinally, someone noticed that the fox is guarding the henhouse, though I am sure the fox appreciates the compliment
  3. Deep-Fried Quarterback
    this is why we can't have nice things.
    0 uselessA cliché so tired it probably needs a nap and a cup of coffee
  4. Texan Pickup
    oh so the plan is just 'good luck everyone'? bold strategy.
    +1 jokeSarcasm is the last refuge of the intellectually bankrupt, but at least you are consistent