Crypto; location

“Open up! It’s the Commodities and Futures Trading Commission!”

I’m in Manhattan Wed and Thurs. You can sign up for office hours in Chelsea (now at Bean&Bean, 28th and 6th—don’t worry, you won’t be able to pick out my plainclothes security—they’re Israelis, and very good), Wed-Thu 10-12, 2-5. Subscribers have already picked most of the meat off the bones but a few scraps remain.

Rumors are circulating that an Interpol Red Notice for Changpeng Zhao has gone out. Crypto hodlers are encouraged to think about what happens tomorrow to the crypto market—to all the crypto markets, black and gray and white—if today, CZ and Paolo are simultaneously arrested and all their assets seized. It probably won’t happen; it could. What is the chance that it never does? Does the CFTC hack into peoples’ phones for the Signal threads? Do they have blue windbreakers that say “CFTC” on the back? “Open up! It’s the Commodities and Futures Trading Commission!”

More subtly—why do you think TPTB would drop a civil suit without unleashing the criminal dogs (which they do without warning)? I think it’s simple—they don’t want to be assholes. One way not to be a dick is to give one strong clear warning. You got it.