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Armstrong- Congress should allow stablecoin companies to pay users interestwww.cnbc.com/2025/04/02/coinbase-ceo-brian-armstrong-says-congress-should-allow-stablecoin-companies-to-pay-users-interest.html
287 sats \ 11 comments \ @siggy47 2 Apr econ
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254 sats \ 4 replies \ @Undisciplined 2 Apr
It's so ridiculous that we're even in a place where Congress has to allow something like this.
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0 sats \ 3 replies \ @Cje95 2 Apr
See I actually find it good that Congress has to allow this.... for way to long we on The Hill have given our Constitutional powers away to the rest of the government. Its about time we take our powers back
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100 sats \ 2 replies \ @Undisciplined 2 Apr
Where is the constitutional authority to prohibit voluntary associations between people?
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38 sats \ 1 reply \ @Cje95 2 Apr
Issue is it isn't an association its design is to represent the dollar. If they had it represent anything else your right but since it is supposed to rep the dollar its under Congressional authority.
I look at it like if I make a bunch of fake dollars and my friends and I use them legally the Secrete Service could arrest me. The reason is that if that fake dollar fell out of our circle of friends and another party gained access to it ad tried to use it we have a huge issue.
Again if they didn't claim it would be dollar for dollar backed by USD that's once thing but that's what they do so Congressional oversight for issueance of money
Its Article I, Section 8, Clause 5if you were wondering
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100 sats \ 0 replies \ @Undisciplined 2 Apr
It should only matter if they are actually claiming them to be actual dollars. Otherwise, it's just a private organization selling something with a promise that the value will track the dollar's.
I maintain it to be overreaching baloney that's unbefitting a free people.
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125 sats \ 3 replies \ @grayruby 2 Apr
Crypto is so dead. All those failed narratives and the use case they have landed on is USD and a savings account.
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50 sats \ 0 replies \ @siggy47 OP 2 Apr
It's true. This has been a good cycle for making that obvious.
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20 sats \ 1 reply \ @Cje95 2 Apr
The DeSci and DePin sectors seem to be doing very well from the stuff I have been seeing. The general hype has obviously led to a collapse of a ton of projects, most garbage anyways, but there are some that have surprised me and are moving alone rather well
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0 sats \ 0 replies \ @grayruby 2 Apr
DeSci, DePin?, as Joe Biden would say come on man. Lets be real.
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36 sats \ 0 replies \ @BlokchainB 2 Apr
Earn 3% on your Tether
Coming soon
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36 sats \ 0 replies \ @optimism 2 Apr
Has of course nothing to do with USDC paying users interest if they keep it all on conbase.
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