If you're interested in the whole chokepoint 2.0 topic I really recommend you listen to this conversation between Nic Carter and David Thompson, a lawyer experienced with chokepoint 1.0 litigation.

They sure are pushing people deeper into P2P trading and stablecoins to do their degening, alternatively, people could just stop this nonsense and go directly to bitcoin, but I have no hope of that happening anytime soon.

What I want to know is how this offshore dollar market is going to react or will stablecoin issuers like Tether start to hold reserves in other countries assets that are not US based but still issue dollars backed by this basket

I wouldn’t do business with them either lol

I'm not convinced this affects Binance too much.

Binance has A LOT of volume outside the USA.

good, binance is a shitshow ponzi.

аааа Америка боится биткоина очень сильно... причина? нужно менять конституцию и законы... права человека и защиту.

I mean ... fuck Binance but without Silvergate a lot of problems became really hard that were easy before 😑