Where it all ends

So the SEC thinks that eth is us jurisdiction, because the US has the greatest density of node, i.e the majority vs other country

They would lie or say anything or do anything to get this outcome regardless, it is about US nexus which is how US law works, it's incrementalism for them to do what their agenda is.

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You have to understand where this ends and what they want.

They want to imprison people who don't register their smart contracts, who don't force kyc on the smart contract level, and when that fails, which it will, they will federally mandate Coinbase and the others to freeze funds that are deposited with a chain history linking to the non US nexus white labled smart contract. They're going to fully illegalize mixing and normalize the freezing of funds without clear chain history.

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No the real question here is why americans are so utterly in denial about their country and its intent, and why they, and especially reddit are so sure what I just described won't happen, even though I have been telling reddit it would happen for 3 years. Now every single bit of regulatory evidence to suggest it is happening, whether that is the 6050i law passed last september, MiCa regulation in EU, every single thing said by the SEC, every anti-crypto threat from anti-crypto people, all the writing is on the wall, and dear god if you follow Crypto Twitter and any basic level of crypto policy tweets on twitter you would know this.

Yet so many of you are in denial.

They have no other way to put an end to US citizens using mixers, monero, and so forth other than the nuclear option, and no way to enforce Banking regs and CFTC and SEC regs other than the nuclear option, i.e, de facto illegalizing non transparent chain history, they need to see which smart contract you interacted with so coinbase can freeze or return funds, the writing is on the wall.

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How are you suppose to cash out? I honestly don't know, I'm looking for ways, any loophole, foreign prop firms, OTC desks, anything.