If you have paid attention to certain podcasts and news recently, you'll notice people are pointing out that it seems as though there is a concerted attack on anyone in the space, any aspect of the space, that is not an American Bank.
It would have logically, all along have been a plan for the banks to control and benefit from bitcoin.
TD Ameritrade, Fidelity, Baakt, Goldman Sachs, etc want to apply the legacy system onto bitcoin; they want to make something intrinsically immutable, decentralized, non custodial, main street, and anti intermediary into a mutable centralized custodial wallstreet hedgefund middleman system.
That's how Wallstreet is set up with pensions and money management. That's why you have CTA, CPO, Financial Advisors, licensed brokers, prop firms, etc. They want to keep your keys and keep you reliant on the legacy infrastructure, it's their natural goal to stall, regulate, and implode the opportunities to non accredited investor and non ECP status non institutional people as much as possible so that they can get maximum alpha returns to the already affluent and deliver minimum beta returns to custodial retail clients and pensions.
You really have to understand how American finance is engineered, how absolutely predatory it already is, how the legal system in finance is built to enforce traditional capitalism in a way that creates permanent underclasses. This is all very intentional, it is how American Capitalism is engineered. The Bitcoin protocol is not really compatible with American State Capitalism, it's largely antithetical to it. So they are going to do a lot of bad things to address this.
There's really only one way around this, and that is a total decentralized ecosystem enitrely outside centralized venues, decentralized liquidity, complete end to end supply and demand, provision, vendors, merchandise, with lightning wallets to pay for merchandise, etc, complete interchains, multi layer DEX's that all share essentially an internet of liquidity that exists outside centralized custodians.
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