So much drama this weekend! The WLFI and Justin Sun feud, followed by the SEC setting up a cross-border anti-fraud task force. Regarding this policy move, as a crypto veteran, I feel like it’s a bit of a double-edged sword. On the surface, it’s aimed at cracking down on cross-border scams, especially those shady fraud schemes. They even called out companies under foreign jurisdictions for market manipulation, all under the guise of protecting U.S. retail investors. Everyone was hoping for some regulatory easing, but then this happened—it’s like saying, ‘Don’t get too excited just yet.’ The downside: Think about the WLFI and Justin Sun drama—hacked wallets being frozen, alleged dumping, etc. Now investigations will probably get even tougher. Compliance costs are skyrocketing, small teams might not survive, and innovation space is getting squeezed. The complaints on X are everywhere: Isn’t this just targeting non-U.S. players? The upside? Cleaning out real scammers could make the market more trustworthy, pave the way for traditional institutions to enter, and help mainstream $BTC and $ETH. By the way, is Justin Sun planning to join the Democratic Party? @justinsuntron