The first draft of the bill being put together in the United States Senate was released today. This is being put forth by long time Bitcoin proponent, Cynthia Lummis of Wyoming.
In this video I discuss some of the highlights that are emerging. We have to keep in mind this is a rough draft and will be altered long before it ever is voted upon.
Here is a link to the article mentioned:
▶️ 3Speak
This post has been manually curated by @steemflow from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share 100 % of the curation rewards with the delegators.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
Read our latest announcement post to get more information.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
Let's hope that this new law, which is just being drafted, will be the beginning of a bright future without so many regulations.
Ha that's good to most certainly not be the case. Regulation is how they are able to stymie innovation and competition. They don't want competition of CBDC's that's for sure!
I agree. They see cryptocurrency as a risk to the monetary stability. And for a reason. Cryptocurrency can make fiat money fall/collapse. But it needs to be accepted by the majority to do that. Seeings its current growth rate, I think that it is very much possible. Maybe even in this decade. But people need to somehow deny the very strict cryptocurrency regulations.
Hope that this gonna be on the side of Crypto trader or Hodler not shit like the Indian Crypto bill!
!PIZZA
PIZZA Holders sent $PIZZA tips in this post's comments:
@tanzil2024(1/5) tipped @taskmaster4450 (x1)
You can now send $PIZZA tips in Discord via tip.cc!
I'm still looking for an answer to this question about hive powerdowns. How was this decided to be 13 weeks? Why not 10weeks, or 15weeks, why 13? Was there a mathematical formula involved into taking this decision?
13 weeks is more or less the same as 3 months. Still a random choice, but a quarter is a commonly used period in finance.
I hope the regulations take forever to come and we can build around them. As far as I see, decentralized will be one of the major factors for avoiding the authorities but I don't think everything will be fully decentralized. So it is tough to really figure out everything.
Posted Using LeoFinance Beta
Why did I not see your vid yesterday, I struggled through all the 70+ pages thank you for a great recap! !CTP
Posted Using LeoFinance Beta
If the law makes unregistered crypto wallets illegal, everyone could be in trouble. In the case we all need to dive deep into anonymity or switch countries.
Better get active politically sooner than later.