everyone knows that SAB121 = bad but it's worth digging into why exactly its bad as Austin does here
there's really no reason to try and force the best and largest custodians to not custody crypto, unless you want to deliberately fragilize the industry and make it prone to collapses
that's what the dems are doing here β trying to create a timebomb that will create new FTXes. it's a shockingly cynical policy and a terrible way to approach an asset class that 50 million americans participate in
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