@cryptocracyOnNoiseApp 20 May 2022 more from that month

Ethereum’s dominance has slid from 84 percent to 55 percent. But she’s still sexy. Terra Co-Founder Do Kwon put his blockchain revival proposal to vote. It seems the community may be against it, but large LUNA holders are for it. Some of the comments are ridiculous. Unfortunately for Kwon, his legal team quit. When your legal team quits, that’s a good sign that you’re on sinking sand. New York is getting aggressive with its requirements for digital currency companies. The state’s Department of Financial Services (NYDFS) wants virtual currency companies to use blockchain analytics to monitor transactions and impose Know Your Customer (KYC) laws on crypto wallets. I believe this is sure to ignite a trend. We know that crypto wallets are pseudonymous. That is, individuals and businesses can use them without identifying themselves. Since that is the case, tracking and monitoring transactions to determine if illegal activities such as money laundering and funding terrorist organizations or sanctioned entities is in the best interests of the state and federal governments. I see other states following suit, and it could even lead to federal legislation mandating KYC on crypto wallets. What say you? https://cryptocracy.substack.com/p/ethereums-dominance-slides-to-55?s=w