/biz/ - Business & Finance

>>22963997
brainlet here. Is the good or bad for the coins I own (BTC, ETH & LINK). Thanks

>>22964034
It's very good for all of those, but especially for "new and innovative financial products".

>>22963997
>>22964034
>>22964089
YOU ARE FUCKIN RETARDED

THIS IS REGULATION COMING FOR TETHER SCAM

AND KYC FOR EVERY USA CITIZEN AKA THE FUCKIN MONEY IN THE MARKET

>>22964123
Cry harder you bitch sandwich.

>>22964089
What the fuck, the delusion!
If you aren’t regulated you will be shut down.
If you aren’t a registered security you will be shut down.
BTC and ETH will survive. 98% of the rest won’t.
What a time to be alive.

>>22963997
>Digital assets hold great promise for our derivatives markets and for our economy

>>22963997
unironically hyper bullish for chainlink. ~1.4 quadrillion dollar derivative value needs to be collateralized and it makes my dick hard as diamonds

>>22964199
Kek, unironically bullish for Quant.
Not sure about LINK, was the ICO legit?

>>22964176
DAs created and monetised by Wall Street and The City.
Crypto as it is is fucked.

>>22964221
you had 3 years, but quant will do well too just not as well as cl

>>22964123
nobodys forcing you to be american

>>22964034
>brainlet here. Is the good or bad for the coins
read the first paragraph OP didn't put in a red box. (washington d.c.- in bold print) that paragraph is more comprehensive.
follow read this from the provided link
>Case Background

>The complaint alleges that from at least November 2014 through the present, and at the direction of Hayes, Delo, and Reed, BitMEX has illegally offered leveraged retail commodity transactions, futures, options, and swaps on cryptocurrencies including bitcoin, ether, and litecoin, allowing traders to use leverage of up to 100 to 1 when entering into transactions on its platform. According to the complaint, BitMEX has facilitated cryptocurrency derivatives transactions with an aggregate notional value of trillions of dollars, and has earned fees of more than over $1 billion since beginning operations in 2014. Yet, as alleged in the complaint, BitMEX has failed to implement the most basic compliance procedures required of financial institutions that impact U.S. markets.

basically, the US is trying to constrict trading of digital assets and make the rapid volatility of BTC less drastic by going after BITMEX for alleged market manipulation. I personally think it's a good thing because market manipulators would always flash dump to make stop losses get triggered right before they pump the coin 30 minutes to just fuck it up. All together this means USA is slightly implying BTC is legit, but we've known that since 2017

>>22964273
We're stuck for the time being.

>>22963997
USA is getting their act together when I t comes to BTC. They can get a huge one up over china here.

>>22964123
>YOU ARE FUCKIN RETARDED
>THIS IS REGULATION COMING FOR TETHER SCAM
no probably not. Tether is a tool, it is not the manipulation. it took me a second to understand what it is that you were referring to.
(similiar to "guns don't kill people, people kill people" except it's "tether isn't manipulating the market, market manipulators are taking advantage of tether to manipulate the market"

so fucking bullish for UNI holy FUCK

>>22964034
good, bitmex is the reason why crypto can't moon

>>22964320
>slightly implying BTC is legit
If you don't see the writing on the wall, ngti.

The heavy hand of regulation.

You fucks had better get in the lifeboats.

>>22963997
wow, a shady broker in MEXICO is really a front for the cartels what a shocker

>>22964163
We already knew for a while unregulated US-based ICOs had no chance.

>>22963997
No please anon don't spoonfeed them I'm still 40% stables

>>22963997
FUCK US, FUCKING BURGERS THEY ALWAYS LOVE FUCK WITH EVERYONE I REALLY HOPE CHINA RAPE THEIR HAIRY ASSES

>>22964456
Except tether is popped into existence from thin air and it is not backed by anything. You could say at least USDC are more real in the sense they are at least backed by real dollars

>>22964793
>Except tether is popped into existence from thin air and it is not backed by anything. You could say at least USDC are more real in the sense they are at least backed by real dollars
Good thing real dollars also don't pop into existence from thin air.

XRP

>>22964855
Yes yes we know paper isnt real and qe and infinite printing makes it even less real but that's not the point. The dollar is still the world's reserve and its the reason why every single stable coin including tether is pegged and supposedly backed by it. Only those who control the tether treasury benefit from infinite magic tether to prop up the prices when they need to.

Real bullish for The Standard XRP, all other coins going to 0 while XRP moons to 100k EOY

>>22963997
Bullish on BSV

>>22964793
>You could say at least USDC are more real
thank you. i did some googling and found out ifinex created tether and ifinex owns bitfinex. I'm unsure if the entire project of tether will be thrown away however as I'm pretty sure a lot of people like it

Who is the US to regulate an entire Industry though?...
At the same time, I think it's imperative that people like us, who are just trying to provide for ourselves and our family, are left out of the whole criminal racket investigatory situation.

I'm not ever going to consider scheming to do some huge illegal shit, like laundering money through crypto after doing a huge drug exchange for cash or some shit. I just want to make money in this emerging and promising sector and live a humble life with my earnings.
The assholes that abuse this system deserve to see consequences, but it feels like people in situations like mine are targeted all too often.
Hopefully the faggot feds actually get the right guys and leave us the fuck alone.

>>22964123

the collapse of Tether is imminent. People will mass sell tether and but non-stable coins

>>22963997
Bullish for XRP. Unironically, and I don't even hold that fucking piece of shit.

Very bullish news sirs

pump it

>>22963997
You are so naive on Biz. Believe that the government wants to protect us from bad guys like Bitmex. They're just going to impose more rules and taxes and kill crypto altogether. It will become a bland, no-interest boomer market. Fuck

Xcm looking goid

>>22963997
"We can't allow bad actors that break the law to gain an advantage over exchanges that are doing the right thing by complying with our rules"
What rules? They're either outdated and don't clearly apply, or aren't written at all.

>>22966337
Tether could lose all backing and we'd just trade it because of the mass social contract that USDT has an intrinsic value of $1 US until an actual digital dollar joins the space. People have been saying this shit since March 2017 and exactly nothing has happened. Tether bears have been growing their stacks for free on a near weekly basis for over 100 weeks.

Not bullish lol
It's just big brother trying to get his fingers on as many pies as possible

>>22964991
STIFF