Dr. Craig Taswell
3.7K posts

Dr. Craig Taswell
@CT333
Neuroscientist studying all things reinforcement learning.






Stablecoins are better than banks. But this part of CLARITY ACT sets rules around when stablecoin yield is allowed. It prohibits digital asset service providers from paying interest/yield when the only condition is holding a stablecoin. But it does not apply to rewards that are tied to specific actions. Incentives connected to actions like transactions, transfers or settlements, wallet or application use, and participation in loyalty programs. The effect is to separate passive balance based yield from activity based rewards. Stablecoins can still generate returns when they are used within a network or application, but not when they are held idle. If this sticks, they would not be permitted to function as interest bearing instruments in the same way as deposit accounts. Banks see what’s coming and this blocks competition.

Shame on you @SenBlumenthal. Blaming crypto for the SVB and Signature collapses is either ignorant or willfully dishonest. Those banks "failed" because of massive interest-rate risk, duration mismatches, and bad balance-sheet management - not Bitcoin, not Ethereum, not “contagion.” Rewriting history to score political points doesn’t make the financial system safer. It just exposes how unserious this argument is. foxnews.com/opinion/sen-ri…




I just reintroduced “End the Fed." Title: Federal Reserve Board Abolition Act, HR 1846. Americans would be better off if the Federal Reserve did not exist. The Fed devalues our currency by monetizing the debt, causing inflation.












