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/biz/ - Business & Finance


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24503537 No.24503537 [Reply] [Original]

https://www.coindesk.com/us-lawmakers-introduce-bill-that-would-require-stablecoin-issuers-to-obtain-bank-charters

How can one woman be so based? If her and AOC ran for president and vice president I would vote for them.

>> No.24503590

>>24503537
usdt ban in 3rd world country the usa*

>> No.24503663
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24503663

>>24503537
>we need to turn crypto into a kike bank to protect poor/vulnerable minorities from being taken advantage of by kike banks
don’t even clownpost about this shit OP
this is worse than grassley & feinstein’s bipartisan fuck anon bill of 2017

>> No.24503750

>>24503537
>>24503537
If I don't make it this bull run I'm going to take out as many politicians as I can.

>> No.24503821
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24503821

>>24503750
>/biz/ - a magical place
*all posts made by the author of this reply are purely for satirical purposes and are not meant to constitute any form of intent or proposed action, as they are merely written for entertainment value alone

>> No.24503827

man all this makes me really uneasy holding usdt

stables are on the usg radar

when they come for it, crypto will get absolutely fucked and so will we along with it

>> No.24503836

>>24503663

But stablecoins are centralized scamtokens. Of course I want them taken down. It only helps BTC.

>> No.24503847

>>24503537
meanwhile, Visa announced USDC support

writing on the wall

>> No.24503858

>>24503663

said the future
baghodler

>> No.24503887

>>24503827
gtfo of USDT and into ALGO XLM and XRP dumbass regulation is incoming as soon as noon today and tether is an obvious scam, china already banned it

>> No.24503896

>>24503827
it will unironically be the last dump ever
>>24503836
while i agree, i don’t want to see them become literal shabbos fiat as opposed to hypothetical shady fiat — we’re at the point where i’d trust a stablecoin collateralized exclusively by XMR more than FDIC dogshit
>>24503847
most transparent rushed PR job all year, it’s worse than election night

>> No.24503909

>>24503847
>the state of people who haven't skimmed the USDC whitepaper OR Coonbase policy

>> No.24503920
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24503920

>>24503537
Getting tired of this shit.

>> No.24503965
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24503965

>>24503821
Yep I'm just joking. I meant in minecraft.

>> No.24504213

>>24503896
You mint xusd with xhaven , pow pivate stable coin

>> No.24504222

>>24503537
How hard is it to get a bank charter

>> No.24504247

>>24503537
I want Rashida Tlaib to have nukes at her disposal but to stay the fuck out of domestic policy.

>> No.24504259

>>24503909
usdc has a backdoor killswitch, can be frozen anytime for any reason

>> No.24504624

>>24503750
you mean in minecraft right?

>> No.24504868

>>24503750
In minecraft

>> No.24504892

>>24504222
its mostly about having shittons of money

>> No.24504909

>>24504222
yeah you have to have insane amounts of free cash for capital requirements and get insured by the FDIC and a massive bucket list of insane shit.
Also everyone in the business will make it as hard as humanely possible because they hate crypto

>> No.24504937

I have a visceral hate for this woman.

>> No.24505010

>>24503537
What about stablecoins that aren't centralized?

>> No.24505174

>tether is such a fucking scam
>but also
>NOOOOOOOO MY TETHERS REEE

>> No.24505237

>>24505010
Good luck shutting down ampleforth and DAI hahah

>> No.24505250

>>24504247

Heh heh

>> No.24505262

>>24505010
>>24505237
came to say this just went all in DAI

>> No.24505278

>>24505010
DAI

>> No.24505290

>>24505262
Based DAI Marine see you at the citadel $1.00 EOY

>> No.24505307

>>24503750
>take out as many politicians as I can.
OP clearly means taking them out for dinner. Which is really admirable since he'll be broke if he doesn't make it. What a sweetheart.

>> No.24505333

Doesn't mean the bill will be passed.

>> No.24505408

>>24505290
can't wait for that $1.04 pump
>>24505333
checked
it doesn't but its pretty obvious CBDCs will require a purge of non-CB issued stablecoins
they will not be able to crack down on decentralised stablecoins though so ETH wins again

>> No.24505430

>>24505333
It will. Also don't forget the two Tether lawsuits. The ruling should be out this December for at least one of them.

>> No.24505449

So you're telling me to borrow USDT and buy bitcoin with it?

>> No.24505537

>>24505333
Puppetry for the peasants

>> No.24505552

>>24503827
You should be uneasy holding Tether regardless of if this is a thing or not, Tether is absolute shit and not fully backed at all

>> No.24505633

>>24505262
>>24505278
What will this mean for DAI? Do you get interest for holding DAI if the marketcap increases?
I was also planning to buy a whole bunch of DAI to take advantage of interest from loaning it out though I have no idea if I should actually do that since I like in Australia and I don't want anything pegged to USD since it's going down the shitter kek

>> No.24505657

Don't fall for the usdt FUD again /biz/raelis

Remeberthr last bullrun the usdt fud?
How many idiots didn't sell and had to hold these bags for years because usdt is imploding bruh trust me.
I'm not saying trust usdt blindly But this bill doesn't necessarily mean anything, a lot of billion dollar companies now literally depend on tether it's not going to collapse overnight you know why?
Cuz it's not the normies getting fucked if usdt goes sideways it's the exchanges, its blockfy it's the billion dollar companies that get fucked if usdt collapses, there will be plenty of signs if such event is set in motion so far, nothing at all. So use your fucking head, don't be a fucking bagholder again, We are all going to make it.

>> No.24505668
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24505668

>>24503750
Take out on a date? Restaurants are cold outside now and theaters are closed. How you take them out, fren?

>> No.24505690

>>24505657
Biden gets in, its a done deal if so. Don't delude yourself...these people work for the Jewish power structure, not you and I.

>> No.24505811

>>24505690
Was happening under trump too son.

Two wings of the same eagle don't delude yourself.

This is more about libra than about usdt you all remeber the zucc almost fucked with the central banks by releasing a basket stable coin that would literally replace the dollar worldwide and when he realized FB rolled the fuck back real quick and changed the whole libra project
They realized the threat a stable coin like that poses to the dollar and are making sure they have full regulatory control over stable coins coming into the space. Usdt isn't that and they're capable of passing any regulatory controls as they have proved time and time against in the past, audits etc I'm not saying usdt is legit I'm saying there is too much at stake, if usdt collapses it's not the normies getting fucked it's the exchanges and billion dollar companies it won't happen overnight there will be plenty of signs before its set into motion.

>> No.24505927

USDT only has 20b mc, why do people act like btc a 350b mc depends on it? Not even all the stablecoins together would make up more than a third.

>> No.24505949
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24505949

>>24505927
>>24505811

>> No.24505957

>>24503663
It is what it is you should prepare for the future of brown America
>>24503827
It’s pretty wild that stablecoins even exist. They seem way more controversial than bitcoin.
>>24503887
Source on your regulation call?
>>24503896
XMR is the future
>>24504222
They stopped issuing bank charters after 2008 another scam in the US economy

>> No.24505963

>>24505949
thanks nigger but my question was off topic and referring to the "untethered" paper my that econ prof that was fudding tether and btc in july 2020

>> No.24506079

>>24505957
Kraken already has a bank charter what are you on about, either panic merchant or a literal brianlet which one is it.

The issue with stable coins is that it's the future of central banking and currency you brainlet, In the future there will be a stable coin basket of all the major currencies and that's what the central bank's will use to inject liquidity or cause deflation.
Think about it, that's what libra was aiming to do, anyone who hasn't read on Libra before they had to change the project cuz central banks started panicking should..
What libra was going to be is what central banks want to use crypto for, exept under their control not under zuccs control.

>> No.24506512

>>24505657
IT'S NOT FUCKING BACKED

>> No.24506525
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24506525

>>24506079
hey dickhead pic related do a little research next time. Central banks and the US government will smash your stablecoins

>> No.24506624

>>24506525
>''They stopped issuing banking charts"
>postes picture clearly showing they issued 9 in 2019

Anon...

Kraken has a bank charter already.
Stopped is different from reduced, finish high school then you can call me bad names.

>> No.24506638

>>24506624
>They stopped issuing bank charters after 2008 another scam in the US economy

kill yourself you worthless nigger

>> No.24506674

>>24506638
I tried to help you anon.
Only so much you can do for brainlets.

>> No.24506711
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24506711

>>24503537
It will be good for the market to get this tether bs over with and we will all profit from it

>> No.24506747
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24506747

>>24503663
I am tired
>>24503750
Based make out with politicians anon

>> No.24507015

>>24505811
this is a good take, basket libra was a threat, "wrapped use" libra is not and that is why it might get passed.
>>24505633
if the regulatory smashed usdt the capital will have to flee to alternatives, can't count all the wrapped USD coins in the space but I believe audited coins like usdc will be here to stay. if that is not the case then DAI will become the only reliable alternative to digital dollar and so might get higher interest rates on loans but I don't think it's a great bet considering opportunity cost and potential rewards

>> No.24507028

>>24507015
>"wrapped use"
wrapped USD*

>> No.24507561

>>24503750
understandable but silly to just aim for "politicians". some of them aren't so bad, and some of them are the worst. all have names. all these bills, all the people pushing it and the people lobbying for it, have names
we have a tendency to attribute our anger to immutable forces when there's often a very real and singular culprit that can be eliminated

>> No.24507621
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24507621

>>24503537
>trying to mute the globally reaching internet from your literally (literally) broke polity with historically low approval
Good luck.

>> No.24507637

>>24506711
>only form of stablecoins are those approved by daddy government, a government run by insane people

you are an idiot.

>> No.24507664

>>24503537
>How can one woman be so based?
She looks like she smells bad

>> No.24507714

>>24504222
Depends how many baby foreskins you have harvested

>> No.24507871

can someone give me a quick rundown? I know about tether FUD from 2017 bull run, but what is this bullshit now

>> No.24508950

>>24503537
God the USA is so fucking cucked

>> No.24509770

>>24508950
yes the USA is over

>> No.24510569

>>24505927
>Muh market cap
Lol

>> No.24511346

First the came for the stablecoins, but I did not hold stablecoins so I did not speak out
Then they came for the Uniswap Shitcoins, but I did not hold any Uniswap Shitcoins so I did not speak out

>> No.24512519

>>24503663
usdt is already a kike bank since it’s tied to usd. except it’s even more scammy because you dont know if your dollars are even backed by dollars.

>> No.24512620

>>>/lgbt/

>> No.24512625

pretty bullish for ampl. gives it a much better shot at providing serious liquidity, anyhow.

>> No.24512701

>>24503537
Who is this semon demon

>> No.24512904

>>24503537
Jesus fucking christ. But this would be bullish for BTC, right?