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> think a simpler explanation is that they have good reasons to believe that this guy was doing more than just the stuff you're trying to defend

This isn't a simpler explanation than the even simpler one that goverments have decided that cracking down on crypto is a good idea for a wide variety of reasons, and are executing on this decision. The way governments do this kind of thing is by starting to prosecute people who they think they have the best chance of willing a case against. This doesn't mean the case, ultimately, has merit, just that they've decided it's the most likely success.



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