All right, all right. Welcome back to another Crypto Daily, three at three.

Hoof, coming down, coming down the pipe with a very long week.

For those of you who have been on vacation, you picked a crazy one to miss.

We've had a total narrative shift in terms of how regulators feel about Bitcoin.

We've had more enlightenment around what they think about Libra. It's been a hell of a week.

And so just to close it out quickly, I had three things that things that are finally, not just about Libra.

So let's kick it off with Bitmex and de-Americanization.

So I think a lot of us woke up to the story this morning that the CFTC was going after BitMex,

who was probing BitMex in terms of whether American users were using the platform. And obviously, Americans are

technically banned by BitMex. Many Americans obviously still use it. You know, they use VPNs or

whatever to access it. It's one of the most popular exchanges in the world. And the CFTC is the

regulator in the U.S. that's charged with or that's most charged with

things like swaps and derivatives, right? So it makes sense that they're interested in this. But I think

that it's interesting, less in the context just of Bitmex and whatever may or may not happen in this

particular probe or this inquiry, but more in kind of a clear shift in the regulatory

regime in the regulatory era, right? So over the last few months, we've had a pattern of shifts,

right? And so I saw Larry from the block kind of mentioned this. This is getting quite serious.

He said, let's summarize. Both Bitmex and BitFenex are now investigated for

servicing U.S. customers. Bitrex and Polonex started to geo-block tokens from the U.S.

Binance pulled crypto-to-crypto trading out of the U.S. completely. We've clearly turned a corner

at some point where the regulatory arbitrage kind of play fast and loose game for these exchanges in the

U.S. is not working and they're feeling increased pressure and increased regulatory heat.

...