Barr says regulatory relief largely tilted toward the biggest global banks, which got $65 billion capital relief.
Also says executive compensation as a share of revenue is up about 20 percent while share buybacks are also up substantially.
@mt_levalley@JacobRobinsonJD@Aarondklein@Canvas_by_Inst What’s funny is the people in the conversation accusing the other side of not articulating a position are the people going straight to ulterior motives and ad hominems without much more of a position than KRYPTO GUD
@mt_levalley@JacobRobinsonJD@Aarondklein@Canvas_by_Inst And that could be valuable! But is not by any means the only, or even most, important element in enforcement. A public value transfer between two pseudonymous entities for example, is not that useful.
@Aarondklein So wait, stablecoins are fully usable for payments as long as you can use bank infrastructure? But I thought stablecoins were far superior to banks
A crypto guy online - let’s call him zeroxanon - will really spend hours arguing about the obvious benefits of blockchain transparency and then take a break to update his pfp to a different pudgy penguin and go back to arguing. 🤔
The total value of Trump’s transactions in the first three months of this year—$750 million—is higher than the value of all trades by all 535 members of the House and Senate *combined* in an average year. https://t.co/Dr1pm0kCwN
@mt_levalley@RogueCfpb it’s not better at preventing illicit finance from happening, is literally what @RogueCfpb and I have argued. better process? yes. Worse outcomes.
@mt_levalley@RogueCfpb I’m sorry didn’t you just say lower incidence? Now you’re saying same incidence. So many of these arguments are “it’s better because I believe it’s better because it’s obviously better.”
@mt_levalley@RogueCfpb You’re having a conversation about “understanding.” I am not. I’m having a conversation about actual enforcement and liability. On “understanding” I agree with you. It’s great to understand that North Korea and Iran heavily use crypto for illicit activities.