Drewski823

UNREAL: 🇺🇸 Brian Armstrong is blocking the CLARITY Act to protect a 34% commission fee. Not for crypto freedom. Not for retail investors. For his own bottom line. Every time he says "this bill isn't good for crypto." He means "this bill isn't good for Coinbase revenue." People lie. Numbers don't. Remember that next time he plays the hero.

📢This is a very important point you need to understand. There are grown men online deceiving people about the Iraqi dinar. Many of them clearly never passed basic math. THIS IS SIMPLE MATH / AND MATH DOESN’T LIE. 💫Let’s break it down. The Central Bank of Iraq has roughly 93 TRILLION dinar in circulation. For years Iraq has discussed a currency reform called “deleting the zeros.” That means: 1,000 OLD dinar = 1 NEW dinar So if someone holds 1,000,000 old dinar, after redenomination they would hold: 1,000 new dinar 🚩Now look at the actual math depending on the exchange rate. The 1st row is the current exchange rate the next 3 rows are if the CBI revalues the exchange rate. New Dinar 1,000 Old 1 Million CBI Reserve Needed 1⃣$0.76 $0.76 $760 $70 Billion 2⃣$1.00 $1.00 $1,000 $93 Billion 3⃣$2.00 $2.00 $2,000 $186 Billion 4⃣$3.22 $3.22 $3,220 $299 Billion Even if the new dinar traded at $3.22, your 1,000,000 old dinar would only be worth $3,220 after redenomination. 🚩Not millions. But the claim going around online says 1,000 IQD will suddenly become worth $760. Now let's do the math. 93,000,000,000,000 dinar × $0.76 = $70,680,000,000,000 💫That is $70 TRILLION dollars. So according to their claims, Iraq’s currency supply would need $70 trillion.👈 For comparison: • U.S. economy: about $28 trillion👈 • Total global GDP: about $105 trillion👈 Meanwhile Iraq’s central bank only has about $100–120 billion in reserves. 🚩So let’s do the math again. $70,000,000,000,000 needed − $120,000,000,000 CBI current reserves = $69.88 Trillion the CBI is Short for a $760 1 Dinar to happen. That means the Central Bank of Iraq is short nearly $70 trillion dollars to make that happen Math doesn’t lie. ___________________________________________________ They want you to believe, millions of Iraqis & Iranian proxies would all instantly become millionaires overnight just by holding cash. That would make Iraq’s currency 260× larger than its economy, which has never happened in financial history.

After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written. There are too many issues, including: - A defacto ban on tokenized equities - DeFi prohibitions, giving the government unlimited access to your financial records and removing your right to privacy - Erosion of the CFTC’s authority, stifling innovation and making it subservient to the SEC - Draft amendments that would kill rewards on stablecoins, allowing banks to ban their competition We appreciate all the hard work by members of the Senate to reach a bi-partisan outcome, but this version would be materially worse than the current status quo. We’d rather have no bill than a bad bill. Hopefully we can all get to a better draft. We'll keep fighting for all Americans and for economic freedom. Crypto needs to be treated on a level playing field with the rest of financial services so we can build this industry in a safe and trusted way in America.