pull down to refresh

Allowing people to hedge against the dollar that’s getting destroyed on a regular basis, I’m not sure if I want to completely preclude people’s ability to do that.”
Wow! I didn't expect him to use that as an argument, but it's valid.
Nancy is going to love getting in on all the VC funded coins of this cycle.
reply
Ah Nancy does what she wants!
reply
I don't think they or anyone next of kin should be allowed to trade. Although, I do think there should be a slight salary increase per year - as $170K isn't alot to live off of in DC. This is why many politicians do take stuff under the table (not defending them), because $170K is the new 70K
reply
54 sats \ 1 reply \ @crrdlx 22 Jun
If they don't KYC, of course they can.
reply
Theoretically they have to disclose all of their investments. In reality it would be tough to prove.
reply
Chip Roy seems to know what he is talking about. He is from Texas, so he wants to keep his freedoms.
reply
54 sats \ 0 replies \ @Cje95 21 Jun
Whats funny is that none of the stock market bans and asset trading things apply to crypto so there is a huge loop hole right there!
reply
Yeah the thought is definitely valid. The cause for the thought is also valid and quite visible. Dollar is definitely getting destroyed day by day. May be it's not just yet visible to everyone...
reply
They're the ones who created the Fed and originate all government spending, I think it's reasonable if they have to save in dollars.
If the dollar's failing, end the Fed and stop deficit spending.
reply
I agree, but the argument can be made that their predecessors who enabled the legislation creating the fed got completely snookered by the bankers. I think they were too dim witted to see the ramifications.
reply
Outcomes follow incentives, so as long as Congress has all the legal authority to fix this problem, they should be exposed to it.
reply
Yes they should
reply
54 sats \ 0 replies \ @jgbtc 22 Jun
They should not be allowed to hold shitcoins, like USD for example.
reply
It’s like the growing realisation is setting in that they better do something as the dollar is toast.
reply
In the United States, the Securities and Exchange Commission (SEC) plays a significant role in regulating aspects of digital assets. For custody services related to digital securities, the SEC's regulations and guidelines are essential.
reply