They need to ride off the back of bitcoin like a parasite.

To try to bring validity to the “crypto” industry.

Why do they even need Bitcoin?  There doesn't seem to even be any pretense that stablecoins are anything more than just privatized dollar issuance at this point.

SimpleStacker

I suppose it's because stables still fluctuate a little and if Coinbase is going to claim to be the compliance-me-harder exchange, they technically have to issue 1099s to all their customers for all their stablecoin transactions no matter how small, unless there's some kind of exemption on the gain.

If people could pay with bitcoin almost anywhere and everywhere... What would be the point of crypto again?

Why do they need a de minimis exemption for stablecoins... If they are already stable?

028559d218

Did we really think the Shitcoin lobby wanted to do anything to benefit Bitcoin?

The crypto industry doesn't actually like Bitcoin, but they need Bitcoin.

bitcoin

Politics_And_Law

de minimis exemption only for stablecoins, tax relief for validators, not miners

Scoresby

Did we really think the Shitcoin lobby wanted to do anything to benefit Bitcoin? 

The crypto industry doesn't actually like Bitcoin, but they need Bitcoin.