The house always wins - unless there is no house.
Good things come to those who wait
SEC guidance has created a more attractive environment for regulated tech firms like Facebook to offer proprietary cryptoassets integrated into their existing products that can be legally traded on existing crypto-exchanges as non-securities. Meanwhile, the SEC has targeted startup cryptos for increased scrutiny.
“As social media platforms grow stronger they grow weaker too. This will eventually open the way for a meaningful alternative to Facebook. Despite waves of privacy concerns, Facebook has a powerful grip on us all. The ubiquity of the platform and the time invested in building connections deters people from leaving and in turn deters would-be rivals from building alternative platforms. Facebook benefits from the asymmetry of being a media company that does not produce...