Nauru plans a new #crypto law.
the island that Gabe Bankman-Fried, borther of #SBF wanted to buy with stolen #FTX money to build a doomsday bunker on? THAT Nauru? and now they're a crypto regulator? pure genius. this isn't a serious financial framework, it's a cash grab. a 'regulation lite' sticker for projects too sketchy to pass in the real world.

their only credential in the crypto space is being the target of a failed bunker plot by a disgraced family. they're not creating a regulatory haven, they're creating a meme state, selling jurisdictional arbitrage to the highest bidder. it’s a perfect distraction while the real war for crypto's soul is fought in DC and Brussels. kick back, watch the race to the bottom, and see which dodgy #Cex plants its flag there first. 😂😂😂