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Crypto shows we shouldn’t venerate ‘innovation’ for its own sake
Ist Teil von
FT.com, 2023-06-22
Ort / Verlag
London: The Financial Times Limited
Erscheinungsjahr
2023
Link zum Volltext
Beschreibungen/Notizen
[...]they and their backers are trying to fight back against the US Securities and Exchange Commission’s crackdown with the same rhetorical argument: any move to regulate or punish the Wild West of crypto will stifle said “innovation”. “The SEC is looking to kill crypto innovation in the United States,” Ripple chief executive Brad Garlinghouse said in a video posted to social media last week, after the release of some documents pertaining to the SEC’s case against his company. What they’re interested in is making money off of whatever hype cycle they are going to gin up next.” [...]sometimes the problem is that the innovation, while not without its uses, is incredibly harmful: synthetic opioids have provided millions of people with pain relief, but they have also created an overdose epidemic, killing almost 80,000 Americans in 2022 and helping to drive US life expectancy down to a 25-year low.