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.
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75 sats \ 1 reply \ @grayruby 21 Jun
Nancy is going to love getting in on all the VC funded coins of this cycle.
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20 sats \ 0 replies \ @BitcoinIsTheFuture 22 Jun
Ah Nancy does what she wants!
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154 sats \ 0 replies \ @SatsMate 22 Jun
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
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54 sats \ 1 reply \ @crrdlx 22 Jun
If they don't KYC, of course they can.
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100 sats \ 0 replies \ @siggy47 OP 22 Jun
Theoretically they have to disclose all of their investments. In reality it would be tough to prove.
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54 sats \ 0 replies \ @Satosora 21 Jun
Chip Roy seems to know what he is talking about.
He is from Texas, so he wants to keep his freedoms.
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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!
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54 sats \ 0 replies \ @Coinsreporter 21 Jun
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...
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54 sats \ 3 replies \ @Undisciplined 21 Jun
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.
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42 sats \ 2 replies \ @siggy47 OP 21 Jun
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.
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64 sats \ 1 reply \ @Undisciplined 21 Jun
Outcomes follow incentives, so as long as Congress has all the legal authority to fix this problem, they should be exposed to it.
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41 sats \ 0 replies \ @siggy47 OP 21 Jun
Yes they should
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54 sats \ 0 replies \ @jgbtc 22 Jun
They should not be allowed to hold shitcoins, like USD for example.
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54 sats \ 0 replies \ @cristaiji 22 Jun
It’s like the growing realisation is setting in that they better do something as the dollar is toast.
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54 sats \ 0 replies \ @16d86e9daa 22 Jun
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.
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