The Senate on Monday revived a first-of-its-kind bill to regulate parts of the cryptocurrency industry, after a small number of Democrats who had joined the rest of their party in blocking the measure joined Republicans in allowing it to advance.
The vote was 66 to 32 to move forward with the legislation, which would create a regulatory framework for stablecoins, a type of cryptocurrency tied to the value of an existing asset, often the U.S. dollar. Sixteen Democrats joined the majority of Republicans in support, acting over the opposition of most others in their party, who were concerned that President Trump and his family were inappropriately profiting from crypto.
I am frustrated with the pejorative sentiment regarding cryptocurrencies. There really is an incredible amount of innovation in the space and its not all financial fuckery, there is real utility in many solutions that will completely change capital markets.
There is also a-lot of fuckery & it can be tough to differentiate what is meaningful vs useless. There are millions useless tokens, thousands of vapor ware project and probaly a few hundred legitimate companies and tokens fostering innovation of some sort.
I’m not too familiar with crypto outside of the hype bubbles. What kind of innovations do you think are worth looking into?
Anonymous transactions for buying drugs and hosting for piracy sites.
Not sure about the other shit but capitalism is gross so who fucking cares lmao.
this is the “I never read more than a headline” view of crypto
I think some of the most creative and innovative sectors of crypto development are in supply chain and financial transactions
The cryptocurrencies affected will just implement AI to circumvent these regulations.
Words and concepts have no meanings any longer. Fake AI money is the future.
