Just two days after the Ethereum merge from proof-of-work to proof-of-stake, the White House has provided its decree on how these assets should be regulated. Buckle up.
Interesting the CNBC article says "Widespread buy-in — and public PSAs — from respected financial institutions lent credibility to the project, further driving the narrative that the whole thing was legit.
The implosion of this stablecoin project led to a series of insolvencies that erased nearly $600 billion in wealth, according to the White House."
Oh so what happened to those respected financial institutions? NOTHING
The next paragraph says "To make stablecoins “safer,” the administration says the Treasury will “work with financial institutions to bolster their capacity to ..."
Let me guess are these the VERY SAME ones?? I bet so.
I wonder if a "vote" would result in the same farce as 2020???
Remember it'll be easier to "get your stimulus" wirh CBDC !! LOL
It’s so ridiculous. Terra collapse was bad. But it’s centralized bank-like companies like Celsius and Voyager that went bust and froze account withdrawals. And to your point, as if the establishment banking system has any claim on risk management superiority here after GFC. “Trust us. We’re institutions that pay our fraud fees on time.”
US government does everything in order to remove all the crypto as far as possible. That's not true. And everyone are presenting it like all the privacy coins are dying already and couldn't be traded anymore. It all depends on the level of privacy you've chosen from the very beginning. As Crypton CRP from Utopia p2p https://u.is/ feels pretty nice despite all. Maybe that's all because of the decentralization and own blockchain. Anyway, it's not a disaster.
Interesting the CNBC article says "Widespread buy-in — and public PSAs — from respected financial institutions lent credibility to the project, further driving the narrative that the whole thing was legit.
The implosion of this stablecoin project led to a series of insolvencies that erased nearly $600 billion in wealth, according to the White House."
Oh so what happened to those respected financial institutions? NOTHING
The next paragraph says "To make stablecoins “safer,” the administration says the Treasury will “work with financial institutions to bolster their capacity to ..."
Let me guess are these the VERY SAME ones?? I bet so.
I wonder if a "vote" would result in the same farce as 2020???
Remember it'll be easier to "get your stimulus" wirh CBDC !! LOL
It’s so ridiculous. Terra collapse was bad. But it’s centralized bank-like companies like Celsius and Voyager that went bust and froze account withdrawals. And to your point, as if the establishment banking system has any claim on risk management superiority here after GFC. “Trust us. We’re institutions that pay our fraud fees on time.”
US government does everything in order to remove all the crypto as far as possible. That's not true. And everyone are presenting it like all the privacy coins are dying already and couldn't be traded anymore. It all depends on the level of privacy you've chosen from the very beginning. As Crypton CRP from Utopia p2p https://u.is/ feels pretty nice despite all. Maybe that's all because of the decentralization and own blockchain. Anyway, it's not a disaster.