crypto grid
@futuredude13
ID: 1332401428086878208
27-11-2020 19:10:54
1,1K Tweet
110 Followers
1,1K Following
After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written. There are too many issues, including: - A defacto ban on tokenized equities - DeFi prohibitions, giving the government unlimited access to your financial
I'm sure there's a more artful way to describe it. But denying stablecoin users the chance to earn rewards–like everyone else already does--is nuts. When some talk about "deposit flight," understand that is bank lobbyist speak for competition. Thx PaulBarron.
crypto grid Brian Armstrong Here's a breakdown of the issues from the Senate Banking draft bill (based on recent analyses from sources like CoinDesk, Bloomberg, and Senate docs), correlated to current blockchain/crypto practices: 1. **De facto ban on tokenized equities**: The bill restricts tokenizing