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.
@LorenHodl Buy Home without selling #Bitcoin?
Aave:
BTC → WBTC → deposit → borrow stablecoins → convert to USD.
⚠️ Keep LTV low (25–35%)→ avoid liquidation
Stack sats, pay in fiat. #BTC#DeFi@GrantCardone Will this work? I NEED MORE BTC
The earliest JPEG sale started in Bitcoin Talk in January 24, 2010. And satoshi, the creator of Bitcoin himself, helped broker the deal. Just another day in NFT land. 🔥 Bitcoin maxis are 🤯. AND the first FUD for JPEGs happened in this historic thread too!
Imagine the biggest Bitcoin event in the world outside the US.
Imagine every single attendee who goes needs to walk by the art exhibition.
Now imagine there's a giant @OnChainMonkey with 3D nips at the red dot.
That's Bitcoin Asia in 3 days. Art on Bitcoin. LFG! 🔥
Yesterday @KiteVC (Chair of @Hut8Corp & @OnChainMonkey and @ACTAIVentures cofounder) shared how Hut 8 is evolving into a “virtual power company” like @VistraCorp ⚡️
Plan: spin out @AmericanBTC (80% Hut8-owned), merge w/ NASDAQ’s @GryphonMining, & build a massive BTC treasury 🚀
@EricTrump spoke about being “debanked” + push for US pro-crypto laws 🇺🇸
Panel led by @Scaramucci w/ sharp insights on how to operate the businesses profitably from @ashergenoot & @mikeho — a historic moment showing how far Bitcoin has come!