After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written.
There are too many issues, including:
- A defacto ban on tokenized equities
- DeFi prohibitions, giving the government unlimited access to your financial records and removing your right to privacy
- Erosion of the CFTC’s authority, stifling innovation and making it subservient to the SEC
- Draft amendments that would kill rewards on stablecoins, allowing banks to ban their competition
We appreciate all the hard work by members of the Senate to reach a bi-partisan outcome, but this version would be materially worse than the current status quo. We’d rather have no bill than a bad bill. Hopefully we can all get to a better draft.
We'll keep fighting for all Americans and for economic freedom. Crypto needs to be treated on a level playing field with the rest of financial services so we can build this industry in a safe and trusted way in America.
Solana price would have to run to $850 just to catch up to Ethereum’s current marketcap
Solana already hit a new ATH while Ethereum is just barely starting to cook
So the crowd telling you SOL is definitely going to flip ETH this cycle are probably just high on their own supply
Market puking 🤮 📉 Most people tired of getting rekt chasing shiny objects.
But while others panic, builders build. Smart money moving back to real retail apps and real utility.
Stoked to partner with @flow_blockchain the ultimate contrarian play. Here’s why 🔥👇🏼
🏰 $TURBO Empire 🏰
Our message spread one member at a time, and our revolution exploded. 🚀
In every downturn, our resolve deepens. Eggs lie in wait, ready to hatch into a bigger social movement. 🌱
Majority of Americans are under 40 years old.
The next decade will be defined by demographic shifts and gargantuan transfer of both wealth and power from Boomers to Gen X + Millennials.
What happens when the first digitally native generation takes over?