tldr; David Sacks, the White House AI and Crypto Czar, predicts that banks and crypto firms will merge into a single digital asset industry once the market structure bill is passed. He highlighted that banks are lobbying to limit crypto competition and block stablecoins from offering yields. Sacks urged collaboration among lawmakers, banks, and crypto companies to pass the bill, emphasizing its importance for the future integration of banking and crypto sectors. He believes this will lead to a unified industry where banks embrace stablecoins and yield offerings.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Happy_Bad_Lucky on
Why is he a Czar? Is he the head of pre-revolution russian monarchy?
Creative_Visit122 on
Gosh even monero and zcash?
inShambles3749 on
Lol no it won’t.
Bubbacarl on
Certain elements will indeed merge. New businesses will emerge.
5lipperySausage on
Nah the banks will fuck the exchanges and then do their own thing.
Dear-Particular-1478 on
Platforms likeAllArk already do this without the regulatory nonsense
MonthlyWeekend_ on
lol
nameless_pattern on
Ah, you got your liquid poop all mixed into my peanut butter
Cptn_BenjaminWillard on
Is this bill good or bad? I don’t even know what it’s about.
potential-excitement on
that defeats the purpose silly goose
zephyrseija2 on
No, no they won’t.
likesexonlycheaper on
Anybody who believes anything coming from the white house is a fucking moron
BodybuilderSalt9807 on
This is not what Satoshi envisioned.
Curious-Still on
Keeta is one of the first to do so. Bank and DAG.
reddstudent on
Digital dollar is scary man
DrSpeckles on
And his health czar says paracetamol causes autism. Cant get good help these days.
19 Comments
tldr; David Sacks, the White House AI and Crypto Czar, predicts that banks and crypto firms will merge into a single digital asset industry once the market structure bill is passed. He highlighted that banks are lobbying to limit crypto competition and block stablecoins from offering yields. Sacks urged collaboration among lawmakers, banks, and crypto companies to pass the bill, emphasizing its importance for the future integration of banking and crypto sectors. He believes this will lead to a unified industry where banks embrace stablecoins and yield offerings.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Why is he a Czar? Is he the head of pre-revolution russian monarchy?
Gosh even monero and zcash?
Lol no it won’t.
Certain elements will indeed merge. New businesses will emerge.
Nah the banks will fuck the exchanges and then do their own thing.
Platforms likeAllArk already do this without the regulatory nonsense
lol
Ah, you got your liquid poop all mixed into my peanut butter
Is this bill good or bad? I don’t even know what it’s about.
that defeats the purpose silly goose
No, no they won’t.
Anybody who believes anything coming from the white house is a fucking moron
This is not what Satoshi envisioned.
Keeta is one of the first to do so. Bank and DAG.
Digital dollar is scary man
And his health czar says paracetamol causes autism. Cant get good help these days.
Just as Satoshi would have envisioned
Fuck that.