Trump slams banks over crypto bill holdup, urges Congress to pass act ‘ASAP’

https://thehill.com/policy/technology/5765672-trump-slams-banks-over-crypto-bill-holdup-urges-congress-to-pass-act-asap/

9 Comments

  1. Specifically on the yield issue. Shows great awareness that other countries are offering yield AND that Trump’s goal aligns with us common folk… at least on this.

  2. I don’t understand the banks “flight risk” argument on yields. If I park my money in a fidelity account, I get a 3.32% yield, a debt card, checks if I want them, and they pay all ATM fee’s. It’s literally 10x better than a traditional checking account and where’s all of the flight?

    Edit: Also, the money i don’t need to spend right now, I buy USFR and collect a 4% tax free yield in the exact same account. Show me a checking account that you have instant access to US Treasury ETFs. The banks are dinosaurs, why does anyone use them? Seriously?

  3. Doctor_Walrus_1052 on

    Man, i swear, the word “slam” is the stupidest fucking thing that “journalists” overuse today

  4. Bill is in “holdup”, because they have to address all of the insiders’ and donors’ interests first.

  5. JudgeCheezels on

    “*Daaaaaaad I need my coin to pump!!!! Can you say something already?!*”

    Someone in his household.

  6. Getting this through without fixing the glaring issues with it would allow random companies from taking stablecoins, promising big returns, running off with the money and not being liable for the loss.
    Basically, it would make scamming legal. Which is what he’s always been trying to achieve.