Several Senate Democrats join Republicans to pass landmark cryptocurrency bill establishing regulatory framework for stablecoin, despite critics' objections.
This is the real problem, I don’t feel like we desperately need legislation to stop people losing their life savings on these, it’s the fucking institutional investors I don’t trust. They risk my savings account for their grift and the government has to bail them out.
It’s super cool that my bank deposits are going to help insure crypto Ponzi schemes that don’t even contribute to insurance. Super cool and good
This is the real problem, I don’t feel like we desperately need legislation to stop people losing their life savings on these, it’s the fucking institutional investors I don’t trust. They risk my savings account for their grift and the government has to bail them out.
More needs to be done for sure. But it’s a start.