This is an odd clip. I find it hard to believe that the CEO of a major BBB could be this uninformed about a major piece of financial legislation.
The Clarity Act โdoesnโt do anything for AML/BSA.โ Really? Have you read Titles II or III?
โIt allows them to effectively pay interest on deposits.โ False. Section 404 explicitly prohibits digital asset companies from paying any form of interest or yield on a stablecoin balance in a manner that is โeconomically or functionally equivalent to the payment of interest or yield on an interest-bearing bank deposit.โ
It is becoming increasingly clear that bank opposition to the Clarity Act is more about personality than policy.
@SeanyPants@Xfinancebull Theoretically if it hits 100 Iโd borrow off it and use a yield to pay the loan ๐คท๐ปโโ๏ธ my thoughts not a financial expert
@thesystemsboss@juliusmarchi Youโre right belief is the driving factor, Iโve been through dozens of companies saying they can do SEO and can get us more visible and 6 months later no results and thousands thrown away.
@dom_kwok I agree with that ๐ฏ before I got in shape business wasnโt anything near what it is now. People see you take care of yourself and relate that to your professional life.