WASHINGTON—The Biden administration is taking aim at so-called stablecoins as it begins to lay the ground for stricter regulation of cryptocurrencies that could shape the future of digital money.
Stablecoins are a form of digital currency issued by companies such as Tether Ltd. and Circle Internet Financial Inc. and designed to combine the stability of national currencies like the dollar with the ability to trade quickly online like bitcoin.
I see the harmful risk of using fiat and losing all my savings to inflation - So I will continue to be pretty much bullish on Onomy and DAI
CRYPTO IS NEVER, EVER, EVER GOING TO BE A SECURE INVESTMENT!!! DON'T FALL FOR THIS NON-, EXISTENT SCAM!!!
Cause what we have now is so goddamn safe and stable...
Federal regulators have zero right to complain about any currency 'not being backed' enough. The US dollar is backed by *nothing* except faith and the word of the very people who are robbing us every day. It's nothing but paper, and paper always fails.
I don’t trust the Biden administration to come up with sensible regulations when it comes to crypto. Their policies seem driven by a mixture incumbent protection and cluelessness. See also the misguided ideas of the BIS.
FedNow NOW! Ban the bit. In God we trust all others pay cash dead presidents rule
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