Wait and see!!! Which side will you be on? The ones celebrating or those regretting? $BTC
Post
Angel_web3
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🫧 As the CLARITY Act just got partially adopted, Democratic Senator Elizabeth Warren believes the CLARITY Act could blow up the economy.
This politician is known for being one of the fiercest opponents of cryptocurrencies in recent years. She has also opposed the integration of cryptocurrencies into the American retirement system, citing a financial risk that’s way too high.
Now regarding the CLARITY Act, she declares that associating banks with the crypto ecosystem (a compromise introduced by the CLARITY Act) makes no sense and represents a danger:
<< The bill allows banks to venture into the Wild West of decentralized finance, where a platform seems to face a run, get hacked, or collapse practically every week. >>
In other words, she believes the crypto ecosystem is too rotten and too risky for banks.
She then wraps up her remarks with these two punchlines 👊:
<< This pushes the market further into crypto, removes protections for investors, and leaves victims with no recourse. It’s the wrong direction to take. When it blows up the economy, I hope everyone remembers that. >>
<< Innocent businesses and families, who have never even heard of blockchain, will bear the consequences if the next crypto crash also triggers a banking crash. >>
$AIGENSYN
This politician is known for being one of the fiercest opponents of cryptocurrencies in recent years. She has also opposed the integration of cryptocurrencies into the American retirement system, citing a financial risk that’s way too high.
Now regarding the CLARITY Act, she declares that associating banks with the crypto ecosystem (a compromise introduced by the CLARITY Act) makes no sense and represents a danger:
<< The bill allows banks to venture into the Wild West of decentralized finance, where a platform seems to face a run, get hacked, or collapse practically every week. >>
In other words, she believes the crypto ecosystem is too rotten and too risky for banks.
She then wraps up her remarks with these two punchlines 👊:
<< This pushes the market further into crypto, removes protections for investors, and leaves victims with no recourse. It’s the wrong direction to take. When it blows up the economy, I hope everyone remembers that. >>
<< Innocent businesses and families, who have never even heard of blockchain, will bear the consequences if the next crypto crash also triggers a banking crash. >>
$AIGENSYN