This is an odd clip. I find it hard to believe that the CEO of a major BBB could be this uninformed about a major piece of financial legislation.
The Clarity Act “doesn’t do anything for AML/BSA.” Really? Have you read Titles II or III?
“It allows them to effectively pay interest on deposits.” False. Section 404 explicitly prohibits digital asset companies from paying any form of interest or yield on a stablecoin balance in a manner that is “economically or functionally equivalent to the payment of interest or yield on an interest-bearing bank deposit.”
It is becoming increasingly clear that bank opposition to the Clarity Act is more about personality than policy.
@thesystemsboss@juliusmarchi You’re right belief is the driving factor, I’ve been through dozens of companies saying they can do SEO and can get us more visible and 6 months later no results and thousands thrown away.
@dom_kwok I agree with that 💯 before I got in shape business wasn’t anything near what it is now. People see you take care of yourself and relate that to your professional life.