# The Straw and the Camel

By [jer979](https://paragraph.com/@jer979-2) · 2023-02-10

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Hundreds of years from now, when historians are pondering how the American economic empire fell apart, they will look for all kinds of causes.

Increased interest on the debt as a result of incompetent politicians will certainly be one. So will moves by other countries to “de-dollarize” themselves and recover some degree of autonomy. There will be a lot of speculation.

But looking deeply, some fresh mind will put 2 and 2 together and recognize that the US had the opportunity to leverage its position and assume leadership of the emerging global, crypto economic infrastructure.

Instead, as is almost predictable and sad, the government chose the other path, holding onto its prize possession of Dollar superiority well past the time it was necessary or smart, like a teenager who still needs a baby blanket in order to fall asleep.

The [SEC’s decision about banning staking-as-a-service v](https://www.sec.gov/news/press-release/2023-25)ia exchanges is that moment.

I’m angry, but more I’m sad.

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*Originally published on [jer979](https://paragraph.com/@jer979-2/the-straw-and-the-camel)*