“Nobody ever saw a dog make a fair and deliberate exchange of one bone for another with another dog.” – Adam Smith
Crypto-optimism in the new year was hammered by multiple worrying regulatory developments in the US: Binance was cut off from USD, the US government is allegedly closing down crypto on- and off-ramps, PayPal suspended working on its stablecoin, Kraken had to stop its staking offering and BUSD was stopped by New York regulators with an alleged case against Paxos by the SEC.
