- “Wash rule” makes it easy to sell Bitcoin and buy back and harvest the ta tax loss, unlike Bitcoin
- 520 exchanges with 20x leverage need to be regulated
- 19000 unregistered crypto securities
- wildcat banks like Celsius and Terra Luna need to be regulated, mature
- people think crypto is the same as Bitcoin
- we don’t have a stablecoin. If we get an FDIC stablecoin that will be bullish
- There is no spot ETF.
- FASBE accounting makes it difficult to hold.
- Lack of FDIC guidance makes it difficult/impossible for Banks to hold
- CFTC Guidance