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To be truly effective, all these efforts require close international cooperation. Since crypto-assets know no borders, the framework to regulate them must be global as well.
They are screwed.
The moment they finally get that nailed down Elon lands on mars and thumbs his nose at them.
I was skeptical too until the moment those rockets landed themselves back on earth. That was amazing. Did you see that footage?
The successful landings were amazing indeed.
The posted vids of the many previous unsuccessful attempts that crashed/exploded on impact were rather spectacular too.
I suppose you have to iron out the kinks somehow.
Well anyway it was all just a joke anyway. I just thought it was a funny image to imagine elon standing on mars thumbing his nose at earth buracrats who just finally managed to achieve planet wide regulation.