More than 100 Democrats in the U.S. House of Representatives helped Republicans send what would be the country's first major cryptocurrency law to the desk of President Donald Trump.
My main concern after reading about this bill in a bit more detail is that it doesn’t look very friendly for decentralized stablecoins, which I prefer over the centralized ones. But it’s a start. It seems to just ignore the decentralized ones, it doesn’t actually prohibit or hinder them.
Just throwing it out there on an unrelated note, but I don’t think any parent would be happy if they got their babies left toe back from the bathtub but not the rest of the baby. Some pieces of baby is not a preferable amount of baby.
I know the pitchforks are sharp and the torches are burning especially hot right now, but just yesterday those implements were being aimed at the payment processors that were once again throwing their weight around to censor the services that used them, in this latest case Steam. A bill like this one would help enable stablecoin alternatives to those payment processors to become more widespread. There may be some pieces of baby in this bathwater.
My main concern after reading about this bill in a bit more detail is that it doesn’t look very friendly for decentralized stablecoins, which I prefer over the centralized ones. But it’s a start. It seems to just ignore the decentralized ones, it doesn’t actually prohibit or hinder them.
Yeah, kneejerk crypto hate on this website aside, don’t we want crypto regulation? Don’t clear rules about investment vehicles benefit everyone?
Don’t be reactionary just because you don’t like crypto.
Edit: If you wanted something less crypto-friendly, maybe you should’ve got off your ass and voted for Kamala Harris.
Just throwing it out there on an unrelated note, but I don’t think any parent would be happy if they got their babies left toe back from the bathtub but not the rest of the baby. Some pieces of baby is not a preferable amount of baby.