Not posting the SEC staff statement on meme coins today.

It is quite obvious the SEC is blowing any direction the political wind blows. I'm really bored with people in crypto being excited by any fart of this American institution.

And also why should the rest of the world care at all? Why should we be happy the American government is trying to capture crypto?

The other day I read the headline: "Crypto Market Faces Weak Demand, Needs Trump Initiatives to Kick In, JPMorgan Says".

Weren't decentralized assets intended to be independent from governments and big banks?

Crypto does not need political or government endorsement, it's about building alternatives. Think bigger and believe in something.

Haha yeah, I think people get excited because the "number goes up", and they don't see beyond their 7 day time horizon.

BTW, if you're a newcomer in our Daily Discussion thread, this is a place where we discuss all Ethereum topics, news, events. And sometimes even things that are not directly Ethereum-related, but impact our space like e.g., free speech laws :)

Weren't decentralized assets intended to be independent from governments and big banks?

Well yes, I was always a bit concerned when hearing praise about the "institutional interest" in crypto. Now crypto seems to follow the old market waves, bye bye 4-year-cycle etc

Over the month of February, investors have pulled more than $2 billion from spot Bitcoin ETFs, the most significant weekly outflows since their inception.