It is starting. MInd you, right now it is a proposal put forther. However, the Biden Administration wants to regulate the issuers of stablecoins as banks.
In this video I discuss what that could mean and how it will potentially change things.
▶️ 3Speak
I think it's not a good thing for a crypto cause we should not support anything that try to control crypto no?
I think this step may be important as Stablecoins are as important as Bitcoin but if this is approved we will start government regulation which may end with a shift from decentralization.
I never like to interfere in crypto under the pretext of regulation.
If they want to participate, let them accept decentralization, otherwise they must remain in their places.
Governments are not going to accept decentralization since that usurps their effectiveness.
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Biden wants to regulate everything!
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He is a career politician who spend the last decade sucking off the teat of the taxpayer.
So it is in his DNA by this point. That is why career politicians are so dangerous.
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I completely agree, he has never done anything interesting in his entire political career.
I remember when Obama made his running mate, the only thing he was famous for was Gaffs.. Or sticking his foot in his mouth
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You need to stake more BEER (24 staked BEER allows you to call BEER one time per day)