We are seeing some interesting things taking place. U.S. Lawmakers are asking the IRS to put together some sensible regulations when approaching staking of cryptocurrency. In other words, try not to kill the technology.
In this video I discuss some interesting tidbits of news that came across today and show how the narrative around cryptocurrency is changing.
▶️ 3Speak
I think this is the beginning and somehow connected to why the Libra project all of a sudden became quiet. Zuckerburg's becoming more of a Trump fan it even seems
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Perhaps.
Although I will say Libra ran into a lot of resistance in both Europe and India, two major markets outside the US. Then the companies that were going to run the network ran into the US government since the likes of PayPal have to answer to the regulators on other matters and didnt want to risk their existing business on Libra.
When push comes to shove, these companies look after their own self interest.
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Yea, my point is projects like Libra don't die. The resistance may have been suppressed with alliance, to me that explains the all of a sudden change in the US regulators heart.
Paypal is a Trump fan but my guess is there is potential connection with Libra there too.
Self interest sure, but at the end of the day Trump believes he'll win a 2nd term and outsmart them. A US digital currency would mean all off-shore money would have to come back in to be converted. Sorry, that's a whole other "conspiracy" but somewhat connected... digital dollar coming soon backed by Libra developers
Well the digital dollar, Trump or Biden, is a form of control that the government is going to find too tempting to resist. They will not let this opportunity pass.
As for who it is backed by, since there is no need to focus upon decentralization, it all can be run through the government without any need for anyone else. They might give a taste to the bankers but, ironically, the digital dollar is going to take a chunk out of the banking system. No need for a bank for basic banking when the digital dollar wallet will handle 90% of what people need.
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Your current Rank (39) in the battle Arena of Holybread has granted you an Upvote of 19%
Hi - do you ever do podcast interviews? Would love to talk to you about the future of crypto. If so, what's the best email to reach you on?
Cheers