@yukiame Bitcoin is the only truly decentralized “crypto”
What is to stop people who can print money without limit from printing money without limit in order to purchase bitcoin in ordrr to achieve a monopoly on bitcoin?
@shortstories @yukiame they can only issue stablecoins for as many dollars as they have. Said another way, those stablecoins have to be backed by dollar 1:1.
It’s not creating money, it’s shapeshifting its form. Big difference.
@libertyordeath @shortstories @yukiame The Clarity Act https://www.congress.gov/bill/119th-congress/house-bill/3633/text passed the House Senate is moving quick on Digital market Structure legislation,Digital assets commodities exchange being written by the banking committee, tokenized securities with block chain trading without owning feduciary obligations and responsibilities of commodities brokers and dealers to be defined,crypto/Blockchain regulations balance jurisdiction by SCC and CFTC to be decided by Congress
