RIP RSR

[Anonymous No.24610412]

>US lawmakers fast tracking to make stablecoins illegal.

https://cointelegraph.com/news/us-lawmakers-seek-to-make-stablecoins-illegal-without-federal-approval

This literally makes RSR dead in the water and worthless. We're not talking a dump to 1 cent but to zero. Why is the market not reacting I wonder.

[Anonymous No.24610422]

>>24610412
Dai too?

[Anonymous No.24610425]

that would suck if it was pegged to a fiat currency.

[Anonymous No.24610433]

>>24610412
Why do Burgers ruin everything?

[Anonymous No.24610441]

Holy fuck.

>It shall be unlawful for any person to issue a stablecoin or stablecoin-related product, to provide any stablecoin-related service, or otherwise engage in any stablecoin-related commercial activity, including activity involving stablecoins issued by other persons, without obtaining written approval in advance, and on an ongoing basis, from the appropriate Federal banking agency, the Corporation, and the Board of Governors of the Federal Reserve System.”

[Anonymous No.24610453]

HAHAHAHAH they're scapegoating black people.

[Anonymous No.24610464]

>>24610412
Tether court confirmed to be fucked no matter what Bitfinex says.

[Anonymous No.24610463]

>>24610412
>Why is the market not reacting I wonder.
>Congresswoman Rashida Tlaib
Amazing RSR fud, it's not going to pass and you damn sure know it but you are likely shilling freedom reserve which is the current meta shitcoin to feed your village with

[Anonymous No.24610488]

i fucking hate democrats and their minority pandering. Sure racism exists to some degree but this shit is just extreme.

[Anonymous No.24610511]

>>24610412
Why are Americans such cancer?
>NNNNNNOOOOOOO YOU CANT HAVE A SAFE HAVEN FROM VOLATILITY YOU NEED TO TAKE RISKS REEEEEEE

[Anonymous No.24610524]

>>24610488
Scum of the earth.

[Anonymous No.24610530]

This better not pass. Wtf do stablecoins have to do with black people?

[Anonymous No.24610537]

OH NO NOT MY DIGITAL OIL

[Anonymous No.24610554]

>>24610422
would like to know too

[Anonymous No.24610558]

imagine not locking up your funds in hex or axion lmao there is less volitivity if you earn more coins, I hope this shit passes makes me extra bullish on both hex and axion!

[Anonymous No.24610568]

>>24610412
Thanks for fucking everything up again, America
I swear, aside from guns you guys just make everything worse

[Anonymous No.24610579]

>>24610422
Dai is not backed by USD, it is backed by market incentives to keep it at $1. It is decentralized. It cannot be stopped.

[Anonymous No.24610582]

>>24610453
What does stable coin have to do with race?

[Anonymous No.24610595]

>>24610530
its exact same thing they did with the ending encryption bill that they disguised as the "protecting children act" or something

[Anonymous No.24610609]

>>24610595
Was that bill pass?

[Anonymous No.24610627]

Seems like markets are responding to this and rsr is dumping. Rip rsr

[Anonymous No.24610645]

>>24610412
>incorporate in a non-US jurisdiction
>pass everything to that corporation
>deny the IRS the benefit of any taxes they could reap from it
I don't think they've thought this through.

[Anonymous No.24610654]

>>24610645
They do.
Everywhere outside of a few countries is under US Jurisdiction.

[Anonymous No.24610670]

I don't own any, but what would happen to someone holding a stablecoin if this bullshit passed?

[Anonymous No.24610685]

>>24610670
Better hope your stablecoin of choice follows through and meets the requirements (or finds a way to dodge them) otherwise you can count on it being pissed into the shadow realm

[Anonymous No.24610695]

Bill will never pass. And even if it did they would get the approval right away. This is actually very bullish for RSR/RSV since they understand the potential and that it could overtake the dollar

[Anonymous No.24610704]

>>24610412
If I have a loan denominated in a stable coin and it gets banned, what are the consequences?

[Anonymous No.24610714]

>>24610412
This is in fact extremely bullish. We are in the same spot we were in in 2017 but instead of US FUD we were getting hit with china FUD twice a week. Why because they couldnt control it. Then over the past two years they learned instead of how to control it how to profit from it while US was busy soulfinding and making up their mind about trump. Well now that thats over with they recognize there are more important things such as money and they are behind. Now they are playing catch up but first as always try to kill off the new contender instead of side with him. Once they find out its better and easier to use crypto rather than destroy it we will see the bull of all bulls, but this time with AMERICA in the lead and not gooks niggers and underdogs.

[Anonymous No.24610721]

>>24610654
>Everywhere outside of a few countries
All it takes.

[Anonymous No.24610773]

>>24610582
I am unsure too anon, I genuinely am too.

[Anonymous No.24610799]

>>24610412
Why don’t these crypto companies use a few of the billions they made to lobby the US government into submission? These corrupt fucks just want a cut. Every other industry is doing this.

[Anonymous No.24610815]

>>24610704
I've asked this multiple times as I'm in the same situation. Bump

[Anonymous No.24610827]

>>24610441
fuck these faggots

[Anonymous No.24610837]

why not just peg to the china dollar

[Anonymous No.24610868]

This is what you faggots get for voting democrat, you stupid fucking cunts

[Anonymous No.24610886]

>>24610441
F

[Anonymous No.24610938]

they'll be crying for the crypto devs and companies to save them in like two years

[Anonymous No.24610965]

>>24610582
Keep saying those racist things and I am going to have to report you to the Thought Police

[Anonymous No.24610975]

>>24610412

People who don't understand crypto making laws to ban it.

Makes sense!

Only governments are allowed to print money it seems.

[Anonymous No.24610987]

They can just do it from Europe instead. The EU loves cryptocurrencies and EU law is cryptocurrency friendly. Many EU politicians even knows how it works and what it is.

>>24610773
>>24610582
Many articles on the left thinks that cryptocurrencies exclude black people because it is based on math.

[Anonymous No.24610997]

>>24610412
Won't pass. Next item of business please.

[Anonymous No.24611013]

This is so fucking bullish oh my god
>Government tries to fuck with crypto
>Nobody cares and stable coins keep being pumped out
>It is finally proven we invented something they cant fuck with
>Everything moons even tether

[Anonymous No.24611018]

>>24610441
The United communist states of America

[Anonymous No.24611035]

>>24610453
trust a poo in the loo to fud

[Anonymous No.24611059]

>>24610412
bullish af on rsr and crypto. it wouldnt be worth anything if they could ban it, and stuff like this just advertises crypto's antifragility

[Anonymous No.24611064]

>>24610412
All in XMR

[Anonymous No.24611074]

>>24610441
God I love Jews

[Anonymous No.24611085]

>>24611074
Wtf??? I typed love not love

[Anonymous No.24611090]

I dumped rsr as soon as I heard this news. I moved to Ampl cause I heard they are safe from this USD stable shit.

[Anonymous No.24611119]

>>24611064
based and redpilled

[Anonymous No.24611134]

>>24611085
Is there a new filter? Did you type hate and not love?

[Anonymous No.24611137]

The only risk is that stable coins will rival the dollar and make it easier to transfer funds to different fiat currencies without needing so much bullshit to set up a traditional bank account. If a currency gets weaker then people can move their money over to a stable coin which accelerates the weakening of a country's currency. That's the real reason it's in the central banking kike's cross-hairs.

[Anonymous No.24611198]

>>24610412

Who the fuck cares about literally who shitcoin.

Tether is what they are after.

[Anonymous No.24611256]

>>24610412
Not gonna pass and impossible to enforce even if it did. This just looksole good news to me that big daddy fed wants in on crypto

[Anonymous No.24611280]

>>24610695
>that old this is good for bitcoin shtick
no. no its terrible for crypto and all stablecoins.

[Anonymous No.24611330]

>>24610412

[Anonymous No.24611352]

can someone explain how a stable coin effects black americans? I don't get it. This one's a real puzzle.

[Anonymous No.24611516]

>>24610412
unbelievably bullish for ampl, you have no idea how much it will pump if this turns out to be true

[Anonymous No.24611570]

>>24611352
it doesn't. US politicians like to use race as a political weapon here. The timing of this bill is suspicious. A couple of days before it was announced there was a hit piece from the jew york times calling Coinbase racist..

This is definitely being pushed through a backchannel by big banks, they are trying to take over crypto.

[Anonymous No.24611580]

>>24611352
95 % of crypto is in the hands of white males

[Anonymous No.24611609]

>>24611352
sounds like you need racism re-education

[Anonymous No.24611646]

>>24610412
Only applies to unlucky suckers living in muttica

[Anonymous No.24611868]

>>24610412

BTC is headed to 1k-2k once the tether rug gets pulled.

[Anonymous No.24611977]

>>24611035
Don’t blame us retard, that’s some arabnigger Palestinian

[Anonymous No.24611987]

>>24611074
I hate negro women

[Anonymous No.24612033]

>>24610975
The government does not print money. Jews do. The Fed is a private institution

[Anonymous No.24612192]

>>24610412
What does this mean for Tether

[Anonymous No.24612212]

>>24610488
>Sure racism exists
t. jogger

[Anonymous No.24612411]

>>24611977
look at the name. she a poo. not you retards

[Anonymous No.24612528]

>>24610488
Just think of the niggerinos you heartless bastard.

[Anonymous No.24612630]

So then its illegal in the US. Who cares.

[Anonymous No.24612669]

https://www.pymnts.com/cryptocurrency/2020/united-states-bill-would-ban-stablecoins-not-approved-by-government/

:)

[Anonymous No.24612693]

>>24611580
and asians.

[Anonymous No.24612746]

>>24610412
Bullish for ALGO since their team is based in the US (Professors from MIT) and well connected with the Fed.

[Anonymous No.24612764]

>>24610441
Yup. USDC, which runs on Algorand blockchain, will be the clear winner. Start accumulating.

[Anonymous No.24612857]

>>24611074
God I hate Jews

[Anonymous No.24613288]

Bullish for RSR since this act narrowly defines stablecoins as those being "backed" by USD, which btw is very clearly supposed to target Libra/Diem. Also this will never pass and is just a "Facebook is racist" gesture.

[Anonymous No.24613718]

>>24610422
just got my Maker account deleted for asking that exact question.
guess I'll be switching to usdc then

[Anonymous No.24614136]

>>24611198
i was just going to say this. I think this is a play for Tether's marketshare by USDC, and they'll get it, because Tether is some seriously sketchy shit.

[Anonymous No.24614216]

>>24610488
> Sure racism exists to some degree
Yeah, against white people. It's called affirmative action.

[Anonymous No.24614249]

wakey wakey

[Anonymous No.24614327]

>>24610412
how are they going to enforce this? Are they gonna hack everyone's metamask so they can watch us?

[Anonymous No.24614498]

>>24610412
Stable coins that are backed by USD have always seemed shady imo.
for instance, if Tether is backed 1:1 by USD, then Tether corp. would have a bank vault with 20 billion USD.

Even if you were to believe that this is actually the case, then it relies on blind trust in the tether guys. There is no obvious way of finding out whether or not they are telling the truth.

[Anonymous No.24614643]

>>24611580
In a world where the continent of Asia doesn't exist, sure.

[Anonymous No.24614655]

>NOO MY INTERNET COINS!!
>REDDIT UNITE!!!

stop wasting your time on stupid cyberpunk fantasies and buy real regulated jew cryptos like XRP, XLM, ALGO. or keep buying your internet community fantasy nerd projects and pretent to make it.

[Anonymous No.24614773]

Can Russia or china just nuke muttistan already? There's no nation, culture or people so anti human as these fucking insects

[Anonymous No.24614823]

[Anonymous No.24614876]

wtf /biz/ i just sold all of my coins i didnt realize this was a racist industry

[Anonymous No.24614929]

>>24610582
They want to regulate crypto because nogs keep falling for the literal runescape-tier Twitter scams such as "Hi I'm Elon, send me 1 and I'll send you 2" while also buying the absolute top

[Anonymous No.24614969]

>>24614655
damn siding with the kikes. do you feel good about yourself?

[Anonymous No.24614975]

>>24614929
I’m sure that is the reason and not just a scapegoat anon
not like US would have a problem with a global stable currency outside of FED control

[Anonymous No.24615046]

Is this a good time to go all-in on CRV?

[Anonymous No.24615090]

Yes nothing keeps people of colour down like stable currencies.
We need to stop them or they'll repeat the crimes of the big banks, even though we never did stop those guys.
What people of colour need isn't stability in tokens, they need volatile shitcoins, scams and rugpulls that respect the CULTURES of the underprivileged.
Introducing the Needful Act: a 750 billion dollar stimulus that will be delivered in the form of PNK

[Anonymous No.24615216]

BTC is a stablecoin now.

[Anonymous No.24615852]

>>24615090
keked

[Anonymous No.24615888]

>>24611256
>Not gonna pass and impossible to enforce even if it did.

fucking DELUSIONAL and retard pilled

[Anonymous No.24615929]

>>24614327
>how are they going to enforce this? Are they gonna hack everyone's metamask so they can watch us?

Low IQ filter. I'm shocked you have enough IQ points to breathe properly.

[Anonymous No.24617069]

>>24610815
Tether has no backing resources so if tether gets hit it collapses. So you'll not have to pay it back. Or you will but tether will be worth 0.002

[Anonymous No.24617134]

>>24610441
ENOUGH

[Anonymous No.24617182]

>>24610441
>including activity involving stablecoins issued by other persons
wait, what?
I have to ask for permission to merely use stablecoins?

[Anonymous No.24617254]

>>24610582
this was the goal of woke shit all along
a new bludgeon to push forward shitty legislation in the interest of corporate backers, since the old bludgeons of commies and terrorism stopped working

[Anonymous No.24617271]

>>24614216
based

[Anonymous No.24617325]

>>24610453
>residents of color
When I look at low income communities "of color" I don't see having crypto investments in portfolios as their fucking problem

[Anonymous No.24617404]

>>24610412
I warned you lot to vote for Trump. Peter Thiel, RSR investor, is a big Trump supporter. You guys never should have voted for Biden.

[Anonymous No.24617442]

>>24610568
It's the non whites in positions of power that have fucked everything up. Our empire is coming to an end.

[Anonymous No.24617444]

>>24617404
nobody voted for biden, goy. Other than dominion voting machines.

[Anonymous No.24617453]

>bill won't pass
>rsv will eventually not be pegged to the dollar
>rsr is a cia coin

[Anonymous No.24617547]

>>24610441
This is basically what china did but at least they made their own digital yuan first

[Anonymous No.24617778]

>get a 1 trillion $ loan from stable coins
>buy all the BTC you can
>"oh, no! Stable coins are illegal now. Guess I can't pay this loan anymore..."
>???
>PROFIT!
Delightfully devilish...

[Anonymous No.24618394]

>>24617182

OH SAY CAN YOU SEE

[Anonymous No.24618437]

>>24610433
Democrats

[Anonymous No.24618447]

Bearish as fuck actually. Guess i'm moving all to USDC and ALGO.

[Anonymous No.24618452]

>>24612746
every single guy here is incredibly ugly in his own unique way

[Anonymous No.24618530]

>>24612746
Look at their smug faces, as if they knew it was coming all the time.

[Anonymous No.24619117]

Told you guise that this is illegal in burgerland.. everyone said it was fud... I tried to warn you

[Anonymous No.24619182]

>>24614823
this. everything else is FUD

[Anonymous No.24619193]

>>24610412
Why america is such communistic shithole?

[Anonymous No.24619235]

>>24610837
>this
its almost as if theres a plan to undermine US power by sabotaging important innovations and losing time to china. also see singapore

[Anonymous No.24619319]

>>24614823
Assuming it passes.. what does this mean for anyone in US holding RSR?

[Anonymous No.24619338]

>>24619117
>illegal
Bills aren't laws, retard.
>>24619319
It means fuckall.

[Anonymous No.24619446]

This has nothing to do with crypto, this is a punch at facebook for refusing to bend the knee and police trump supporters

[Anonymous No.24619975]

>>24612764
>muh algorand will have USDC
babby's first stablecoin
USDC will be a federal approved stablecoin and will run on many L1.

[Anonymous No.24620068]

Know how many bills die, this won’t even hit the senate floor.

[Anonymous No.24620139]

>>24610579
Arrest the founders, threaten Vitailk, Dai disappears.

[Anonymous No.24620156]

>>24610412
>muh laws

[Anonymous No.24620276]

>>24610441
So they'll just get approval and all their competition will be kept out as per the usual USG racketeering operations.
Got it.

[Anonymous No.24620437]

>>24610412
desu it will just end up fucking over Americans, as usual. All stable coins will operate off the Eurodollar system and American goyim will simply be unable (legally) to participate in stable coin trades.

Internationally, everyone but burgers will be unaffected. Just the American government hating the American people as always.

GIVE THE GOY AND INCH AND THEY'LL TAKE A MILE!!! THAT'S WHAT I ALWAYS SAY

[Anonymous No.24621158]

>>24610582
They don’t actually give a shit about shitskins. This is about power. All the woke bullshit is a just a bludgeon to beat you down and keep you trapped in the middle class until they are ready to completely nuke it with The Great Reset. They are hoping to play on your empathy for others to manipulate you and if that doesn’t work they will simply brand you a raycis to ruin your life. Post-reset they will be able to control you using a social credit system that shuts off when you don’t play by their rules. Either people finally stand up right now or we are going to be living in hell on earth for eternity.

[Anonymous No.24621265]

Shit I just converted everything to PAXG. Gold is a better peg than fed shitcoins. Gold is going to survive this economic reset.

[Anonymous No.24621305]

>>24610412
Isn't it already illegal for US residents to hold RSR? This seems bullish for RSR imo

[Anonymous No.24621329]

Everyone needs to start treating USA like lepers. Nothing good ever comes from associating with them

[Anonymous No.24621354]

>>24610488
It’s not dems. It’s the ((then))

[Anonymous No.24621482]

>>24614975
they dont have a stable currency with fed control

[Anonymous No.24621485]

>>24614655
>stop wasting your time on stupid cyberpunk fantasies
anon, take a good look around it. cyberpunk is reality, man. Orwell is here now. He's livin' large. We have no names, man. No names. We are nameless!

[Anonymous No.24621584]

>>24621354
((They)) ARE democrats(communists)

[Anonymous No.24621619]

>>24611198
they're not. they're after facebook. they were shocked when they realised how much facebook owns their balls and now they're afraid of the monsters they created in silicon valley.

[Anonymous No.24621636]

>>24620139
found the retard

[Anonymous No.24621639]

>>24621584
every politician is literally a slave to elite interests
dems and repubs send each other christmas cards and collect checks from the same lobbyists

[Anonymous No.24621678]

>>24610582
it's right wing retard propaganda
whatever the problem is doesn't matter, the blacks and jews are to blame
> they're taking our jobs!

[Anonymous No.24621714]

[Anonymous No.24621856]

>>24621678
Are you implying that Rashida Tlaib, a woman who is banned from entering Israe, might be a nazi?

[Anonymous No.24621915]

>>24619446
this

[Anonymous No.24622003]

>>24614327
They find and sue / arrest the distributor of the crypto, or get accounts that use the bad tokens marked as enemies of the state. Any centralized entity that deals business with a flagged account that has touched the tokens will be fined for breaking the law.

[Anonymous No.24622284]

>>24610441
>person
What about a DAO?

[Anonymous No.24622294]

>>24610579
based