Halls of Shrewd'm / US Policy❤
No. of Recommendations: 3
Wahoo!
As crypto cash floods Washington, Congress eyes gentler regulations
Major crypto firms are fighting to remake federal law with an expensive lobbying campaign that has left no part of American politics untouched.
Is there any hope of ever reversing the corrosive Citizens United SC ruling? So much corruption.
No. of Recommendations: 1
I think crypto should be more tightly regulated. Probably should be banned, really. But at least prevent any public servants or elected officials from owning any.
It's really just a means to pay people in untraceable ways, so favored by criminals.
No. of Recommendations: 5
I think crypto should be more tightly regulated. Probably should be banned, really. But at least prevent any public servants or elected officials from owning any.
The politicians are not being bribed with crypto, they are being bribed with dollars by crypto interests to loosen regulations. We've seen how loose regulation ends many times before.
No. of Recommendations: 0
Kinda like turning off AVS in credit card transactions. Since that was okay, so is this.
No. of Recommendations: 3
Kinda like turning off AVS in credit card transactions. Since that was okay, so is this. Different -
"The bill would shift some federal oversight of crypto from the Securities and Exchange Commission, an aggressive regulator, to the Commodity Futures Trading Commission (CFTC), which some critics see as weaker, friendlier to industry and underfunded. Coinbase, Ripple and lobbying groups like the Blockchain Association and the Crypto Center for Innovation helped House Republicans devise the legislative approach, then aggressively canvassed the Capitol to rally votes for its passage."
https://www.washingtonpost.com/business/2024/05/25...Posted the article for ya, and isn't it voluntary to turn off AVS? Curious.
No. of Recommendations: 8
I wouldn’t touch crypto with a 100 foot pole.
And the fact that the industry is trying to weaken controls only reinforces that feeling.
Turtles all the way down.
No. of Recommendations: 2
I wouldn’t touch crypto with a 100 foot pole.
When I was in the Philippines, Estonian and Ukrainian couples livef in the same compound. The Ukrainian couple were from the Donbas and considered it an independent country (Russian ancestry). Both played crypto and both went bust on crypto and had to move out at roughly the same time. They were nice folks, but had unrealistic views about the laws of the Philippines. Expats would play crypto and had these strange beliefs that made crypto a more stable and desired currency than the US dollar.
No. of Recommendations: 6
Crypto is a scam, IMO. It is based on nothing. A few early movers got rich, and at least one went to jail because of how he got rich. Most everyone else lost their shirts.
I'll take euros, dollars, and a few others. No rubles, no crypto, no yuan, no beanie babies...
No. of Recommendations: 3
Crypto is a scam, IMO. It is based on nothing.
Very true. One of the cryptos shut down and says no more will be made. So that's touted as being more stable than the dollar. :) Go figure.
No. of Recommendations: 5
