Good to read that apparently Murck and Brito will not be intimidated and do some debunking and counterattacking.
Allaire, however, seems to have a slight case of Stockholm Syndrome, trotting out the bad actors bogeymen and begging for punishment more strongly than even the regulators themselves. Is it a case of "thank you Sir, may I have another" or, more likely, with a $9M war chest he can afford to pay for plenty of lawyers and compliance officers but his smaller competitors cannot, thus benefiting from barriers to entry? Either way, nauseating.
Jeremy Allaire, CEO of Circle Internet Financial, a group that launched in October seeking to make bitcoin payments more broadly accepted online, went so far as to ask the government to be much more explicit in regulating bitcoin, because it is only with market certainty that the currency will truly be able to flourish. “Criminals and terrorists will seek to employ digital currency if it remains unregulated, leaving Bitcoin operators to operate without stringent controls and effective systems to verify identities, monitor transactions, and report suspicious activity,” he says in his prepared remarks, adding that uncertainty and abuse in the market will only drive innovation overseas.
