Last Friday President Trump and the White House held a roundtable called "Saving College Sports" bringing in roughly 50 people.
The group included other politicians, sports celebrities, media executives, conference commissioners, and university presidents, chancellors and athletic directors. Those who spoke delivered a similar message: College sports needs federal legislation to restore order in the NIL space and its overall economics.
This topic is not something new and we have seen plenty of issues with the system as it currently is. Congress has taken up legislation over this to create a much more unified and structured environment with legislation like the SCORE Act but they have failed to get over the hump.
As someone who hates the NCAA and the way the do business something has to be done because given their NIL loss (which I totally agree with) they have no idea or ability to structure things like we see with professional sports. Professional sports have all sorts of legal assistance to allow them to operate and thrive and the NCAA doesn't have that meaning its only going to be more and more of a mess.
Feels like there are bigger fish to fry at the moment
I mean I will say you can only do so much about one thing at a given time. You have to let things play out to an extent. Plus this also is an internal issue so its nice to see at least something being done about the internal ones. Oddly enough oil has also been falling today from its $113 a barrel high.... Given its already back down to $94.5.
Not saying we shouldn't ignore it but you also have to deal with multiple things at a time and can't get overly focused on one. That means we will just keep jumping from one crisis to another.
Unless they’re repealing some stupid regulations that never should have existed, college sports should not be a federal issue
Indeed. At this point this is par for the course though.
There aren't any college sports regulations which is part of the issue.
Oh no, somewhere there’s an aspect of life that’s not being dictated by the Feds!
So you approve of a Wild West where players and randomly making millions they think only to have enormous legal punishments on them if they transfer? Look at the Duke QB who owes the school double what he got AND doesn’t own his NIL rights anymore. The NCAA isn’t able to legally enforce things anymore I mean look at how everything is getting tied up in court. It’s just lining the pockets of lawyers and draining players who should benefit.
Plus without some sort of general program like all of the major sports league have now on finance it’s going to be like the NBA was in the early mid 2000s where over half the players went bankrupt within a couple of years of leaving the league.
That’s incredibly predatory for people to know this is going to happen to players and just let it.
How can there be enormous legal punishments when you told me there are no regulations?
And, yes, in general I want the Feds to stop sticking their noses into everyone’s business. You realize people moved to the Wild West on purpose right?
Remember when so many bitcoiners were cheering on the installation of Trump? Remember how it would usher in some golden age of bitcoin
How's that going? Bitcoin is just a bit more important that sports ball. I love me some sports but I am tired of being right about bitcoiners misplacing confidence in politics
I wont lie its the damn Senate that has screwed up with the complete and utter clamity that was there attempt to pass their own CLARITY Act instead of just taking up the House's version. The Admin has halted all of the witch hunts that the Biden Admin was key on and the SEC and CFTC have been pretty consistent and solid allowing the industry as a whole to grow. Its more about letting a foundation to take shape (which it has) that allows for the future growth more than anything.
Without a foundation the whole ecosystem would be built on hopes and dreams and that never works out in the long run. Plus the pullback is par for a typical BTC cycle.
I don't care about the price. That has little to do with policy. People don't get bitcoin.
Here's my problem. Trump is NOT the bitcoin president. He's the shitcoin president. In some ways it's better than Biden, but in others worse. I'm not surprised. I expected worse actually and honestly it might get worse.
I don't share your optimism or trust in Trump or his party. This is based on paying attention to politics and that party from my days in elementary school.
But, bitcoiners should know better. It is discouraging watching bitcoiners forget what I thought they knew about the state and the elites that use it. No one in the state is gonna save us.