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During a week of really bad takes on crypto by government regulators, this one got swept under the rug without much discourse.

Clayton saying every gift card provider is now issuing unlicensed securities in an effort to clamp down on stablecoins.
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RT @rizzn
Looks like every tech company with a payments platform is now in violation of securities law. twitter.com/jerrybrito/status/
twitter.com/rizzn/status/14459

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