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.
@GovNedLamont@Apple@CTDMV@TSA@GovNedLamont Do you have any updates on this? CT was supposed to be one of the first. It’s now been 4 years and 14 states have already added support. I can’t fathom what’s taking so long!
RAY KURZWEIL: THE SINGULARITY IS COMING
Kurzweil predicts humans will hit “longevity escape velocity” by 2032... living long enough to keep living longer.
By the 2030s, he says microscopic robots will slip into our brains and link us directly to the cloud.
And by 2045, once we’ve merged with AI, our intelligence will grow a millionfold.
“By 2029,” he adds, “computers will know everything humans know, and then we’ll explode past that.”
Source: @tsarnick
NEWS: Trump said U.S will NOT approve solar power projects
This is absolutely short-sighted because solar is exponentially more scalable, unlike gas. So, once data center demand collides with turbine/transformer limits, solar wins on scalability
US is shooting itself in the foot.
This is desperately needed. Big Food’s ability to self-police toxic additives is the most dangerous and deceptive loophole in our food system. It’s how chemicals linked to cancer, hormone disruption, and metabolic disease quietly make their way onto our plates—no independent safety testing required.
We need a #FoodFix.
Thanks to @SecKennedy for finally drawing attention to this backwards process.