• CharlesDarwin@lemmy.worldOP
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    56 minutes ago

    Holy shit, well thank god the bald eagle and the flag are on there, FFS. 🤣

    HAHA. About the CLARITY bill; you should ask him why he thinks the Trump family should get to make money on every single dollar issued from here on out.

    https://www.unftr.com/blog/the-crypto-heist-happening-right-under-our-noses

    In the piece we discussed an important word: seigniorage. This is the profit a government makes by issuing currency; essentially the difference between what money costs to make and what it’s worth. It’s how central banks fund themselves. And we said at the time Congress had just cleared a path for Donald Trump to capture a meaningful piece of that for himself and his family, in perpetuity.

    And a family that collects fees on every transaction, in perpetuity, at a scale that could eventually rival the Federal Reserve’s own seigniorage.

    • zeppo@lemmy.world
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      2 minutes ago

      Astounding that with those provisions, the bill almost passed. Republicans are ridiculous.

      The newsletter dude told me “I was a big democrat all my life, voted democrat 35 years.” which I NEVER believe coming from someone who is currently supporting Trump. He’d abandon every single principle and issue important to him because he thinks trump would be “better on crypto”?