How likely is it that if Harris regulates the crypto market that the market just collapses? The entire industry is built on nothing but scams. I feel like if you try to bring anything from there into the real world it just turns into sand.
This is also disregarding of course that a lot of people who lost money did so by investing into PoopCoin or whatever like 3 years ago, and I don't really see a way to reimburse those people unless you're just going to give a bailout to crypto investors. Which now that I'm saying it, I guess the dems would support that.
Neither party will meaningfully regulate crypto in any way. I'd bet my entire ass on it. It's part of the base economic base of the US now. If anything they will be forced to go out of their way to grease the skids for more crypto bullshit. Hudson talks about this phenomenon, how stablecoins like USDC are stimulating dollar demand, and this demand for virtual "dollars" is necessary to counteract dedollarization efforts abroad. It's hard to open a USD bank account if you're in certain jurisdictions, but it's very easy to acquire some shitcoin and trade it for USDT or USDC.
How likely is it that if Harris regulates the crypto market that the market just collapses? The entire industry is built on nothing but scams. I feel like if you try to bring anything from there into the real world it just turns into sand.
This is also disregarding of course that a lot of people who lost money did so by investing into PoopCoin or whatever like 3 years ago, and I don't really see a way to reimburse those people unless you're just going to give a bailout to crypto investors. Which now that I'm saying it, I guess the dems would support that.
Neither party will meaningfully regulate crypto in any way. I'd bet my entire ass on it. It's part of the base economic base of the US now. If anything they will be forced to go out of their way to grease the skids for more crypto bullshit. Hudson talks about this phenomenon, how stablecoins like USDC are stimulating dollar demand, and this demand for virtual "dollars" is necessary to counteract dedollarization efforts abroad. It's hard to open a USD bank account if you're in certain jurisdictions, but it's very easy to acquire some shitcoin and trade it for USDT or USDC.
This tracks. My bank app, cash app, and venmo, all have integrated crypto now.