Like the current Administrator or not, I think their direction on legitimizing Cryptocurrencies is pretty clear. The GENIUS act is the prime example.
It’s quite difficult to envision the benefits of a new beautiful apple hanging in an orchard rotten to the core. This is well beyond appointed scapegoats. A summary of The Act of GENIUS:
The bill mandates stringent standards for reserves, audits, and transparency for issuers and establish a dual federal and state supervisory system to mitigate financial stability risks and protect consumers.
Sounds good, doesn’t it? Except when you realize this market-speak is coming from a financial system that created the infamously un-auditable Federal Reserve that abandoned the gold standard decades ago, in a nation $35 trillion in debt. We expect THAT to define the standard of stability in shitcoin successfully?
Bipartisan support? From the Insider Trading Congressional Clan for the most volatile currency on the planet? Gee, how utterly fucking predictable. Next thing you’ll tell me AOC is announcing her retirement after inadvertently becoming a billionaire with an investment portfolio sponsored by Blackrock-Clinton Evangelical Charities, LLC.