Our thoughts on the Demise of Basis
▻https://hackernoon.com/our-thoughts-on-the-demise-of-basis-599bbadac830?source=rss----3a8144eab
Artistic rendition of Basis’ Jersey OfficeFirst and foremost I want to say that we have a ton of respect for the Basis team. We’ve always viewed them as one of the more intellectually impressive and credentialed teams in the stablecoin space and they have done more than most other groups to drive the conversation forward and advance the crypto industry as a whole.All this being said, while we understand that Basis felt that outside regulatory agencies made their plan untenable and less promising to investors than they originally intended, we feel that there are lessons to be learned and we are certainly trying hard to absorb them. We also understand how they might have came to the conclusion that they needed to fold up shop, but we disagree that the SEC’s guidance was somehow a (...)
#finance #demise-of-basis #bases #stable-coin #cryptocurrency