1 million tech jobs are at risk of going overseas. As the U.S. goes down a path of regulatory uncertainty, the EU, UK, UAE, Hong Kong, Singapore, Australia, and Japan are all creating environments for crypto to flourish so that they can capitalize on the next wave of innovation.
I have to say this SEC wells notice has caused a noticeable boost in morale.
Nice to have a common cause, but never forget the main goal is to build better products for our customers. Improving the policy landscape is necessary but not sufficient.
The U.S. needs to update its financial system. The code is 40 years old and the laws are 100 years old.
Cryptocurrency is not a financial service. It's a technology that can be used to update financial services.
Let's update the system.
#BUSD, the most fiat-backed stablecoin, audited by big audit firms, regulated by the NYDFS, was forced to wind down (no new minting).
USDC is shrinking in market cap too due to bank closures.
USDT is growing.