I agree that this is good news. If crypto turns out to be the best investment vehicle, other senators or congressmen would buy it as well. In a way, they are always looking out for their interests so they will definitely work in a way that won't give us the worst case scenario.
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Senators? Congressmen? They are so rich that they could easily buy most of the supply of the majority of the altcoins. They have it, they control it. Just like fiat money. But this is the worst case scenario. Hopefully it will not happen.
I still don't think the Senators and Congressmen have that much funds. It's nowhere near what a Blackrock or a hedgefund can. So I think it's more about what types of laws they want to create.
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