- 30 million fine which is easy to pay but a huge chunk of revenue and customers gone
- IRS again filing for a court approval to check the user's finances and tax liabilities
- exiting Japan and now Abu Dhabi
The surprise came from Coinbase, as they obviously are going to be next and they are already on the offensive, but there was one tweet from Armstrong and one tiny phrase that caught my eye:
https://twitter.com/brian_armstrong/status/1623459203150131201
And it immediately backfired
Brian Armstrong might be naive to think that reduced carbon footprints were a real concern for the American government. It is only about politics. I speculate that people in government who really care about the environment might only be less than 10% of them.