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.
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Imagine if 25% of Americans loved Coke, 25% loved Pepsi, and 50% preferred Red Bull but couldn’t find it because Coke and Pepsi colluded to own the supermarkets?
When the right adds $12 trillion in debt in six years and the left nominates a NYC mayoral candidate who speaks of “seizing the means of production”, it’s time for a new American political movement committed to common sense.
🚨BREAKING: Trump Has Signed An Executive Order To Declassify The JFK, RFK, and MLK Jr. Files And Requested The Pen He Used Be Given To RFK Jr.
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it's that time of year again...
2025 PREDICTIONS are here!
(0:00) the besties welcome @GavinSBaker and recap ski week!
(5:38) biggest political winner
(9:26) biggest political loser
(17:34) biggest business winner
(32:43) biggest business loser
(46:54) biggest business deal
(57:04) most contrarian belief
(1:12:59) best performing asset
(1:22:56) worst performing asset
(1:30:19) most anticipated trend
(1:38:59) most anticipated media
(1:43:03) super predictions
(1:46:50) bonus: drones, ufos, and more
This bull market will be over much sooner than everyone thinks!
I will tell you when:
It didn’t start a few weeks ago with the Donald Trump election. It started in November 2022 with the Bear Market Low of Bitcoin. That means this Bull Market is going on for more than 2 years already!
This leaves us a few more months only if we account for cycle lengths we had before.
I expect this run to continue for 3-6 months maximum before the next, very brutal bear market comes.
Hence, latest In summer, I think, it’s over!
That is not a bad thing. You can not even imagine how much gains can be made in a few months of brutal bull run!
Let’s get it! 🚀