$24,000,000,000,000 IN US BANKING ASSETS IS WATCHING ONE CEO LOSE HIS COMPOSURE.
🇺🇸 JPMorgan CEO Jamie Dimon today:
"He's full of shit."
"If he wants to be a bank, be a bank."
"We'll fight it. If we lose, we lose, and we'll live."
The target: Coinbase CEO Brian Armstrong.
The fight: CLARITY Act stablecoin yield rules.
The Senate Banking Committee already advanced it 15-9.
The largest US bank just confirmed publicly: they're losing the framework war.
Trillions follow the rules.
The rules just got written without them.
People will only be used as liquidity so many times before giving up on IPOs. Interesting to think of the net (potentially negative) impact VCs have on the stock market.
@metazynn Retail hasn't had access to anything for 10 years. The stock market used to be a place where companies would come for extra money to grow their company. Now, they go to VC for that, and the stock market is used as exit liquidity after the major growth in value is over.
@008Nate as the entire memecoin market come back it’s damn near a guarantee that popcat giga pumps and makes new highs. It’s on every exchange and the easiest cat to get behind
@EdKrassen Brother, we live in the same town.. have you been to a church lately? Religion is definitely on the rise and even more so across a younger demographic.