Senate Blocks Cryptocurrency Regulation

11vuio0pswjnm7 about 4 hours ago 4 commentsRead Article on latimes.com

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Discussion (4 Comments)Read Original on HackerNews

egorfine•about 3 hours ago

The best thing about crypto is that no regulations can do anything about it. And for that I am extremely grateful to all the people who made cryptocurrencies a thing.

sapphicsnail•about 3 hours ago

Then why do crypto companies spend so much money on lobbyists?

egorfine•about 2 hours ago

In order to make money, fin companies need to operate in the clear.

In order to save for retirement, I do not.

dkobia•about 2 hours ago

Ordinarily regulation is favored by liberals and opposed by conservatives. This particular regulation flips that dynamic. As they say -- Follow the money. The exchanges want it so they don't have to deal with the SEC any more. The president wants it, mostly because it validates World Liberty Financial, meme coins, and the questionable money made ($500 million in reported revenue).