It’s time to PASS THE CLARITY ACT now.
There are countless benefits to getting this done, even without resolving the stablecoin issue right now.
One big reason is it reduces legal risks for builders, projects, and token issuers.
The space needs that NOW.
But here is a long list of other reasons, and this is why the industry needs to think very strategically right now.
Because I absolutely don't think stablecoin yield outweighs all of these:
1. Ends years of SEC regulation-by-enforcement uncertainty.
2. Clearly defines digital commodities vs. securities for predictable compliance.
3. Assigns CFTC jurisdiction over spot digital commodity markets.
4. Provides safe harbors and lighter rules for truly decentralized DeFi protocols.
5. Clarifies that staking rewards are not securities offerings.
6. Creates registration pathways for exchanges, brokers, and intermediaries.
7. Enables institutional investors to enter U.S. crypto markets with confidence.
8. Strengthens U.S. competitiveness against offshore crypto jurisdictions.
9. Brings more crypto activity onshore under clear federal oversight.
10. Opens floodgates for broader capital formation and innovation.
11. Protects investors with tailored disclosures and anti-fraud rules.
12. Prevents further delays that could kill the legislative window this session.
Just PASS THE CLARITY ACT.
@dangambardello You're probably going to finally be right, but the fake rally will suck bulls like you back in before crushing your dreams. Any significant rally into resistance should be treated as a shorting opportunity. The exhaustion by the bulls are telling that we need a fake relief rally
This has been exhausting for sure.
Cardano stock RSI has been oversold 154 days.
Interestingly in 2019 post QT, 154 days was the bottom.
Ethereum showing the same patterns.
Data suggest another leg down though, but I think crypto is forming bottom.
youtube.com/watch?v=1S1XnT…
.@SECWAR “Now it’s veterans of this generation who turn to those on the battlefield right now…
We will have the backs of those warfighters. We will ensure that they are celebrated. That their sacrifice is honored.
That every part of society recognizes that they are the REAL ONE PERCENT.”
@camelfinance@camelfinance so IMO just send your kids to the best public schools which usually allows them to get a strong academic background without growing up around snobbery and elitism. There will definitely still be a bit of that but not as blatant as private school
@camelfinance I grew up in a good area which had the best public schools in the US. I ended up pretty good, about to graduate med school and go into an anesthesiology residency, along with being a good trader. Friends who went to private schools ended up not doing super well or were mediocre.
Off topic post but I would appreciate some opinions:
Background:
1) I grew up extremely poor
2) that is no longer the case
3) I am a recent father
I was going to send my child(ren) to private school because I think it is natural to want to give them the best opportunity.
I recently saw some private school kids, one of them nonchalantly said their ideal weekend was to go to hop over to Monaco and maybe ride a hot air balloon.
I realised in this moment, I did not want my kid to grow up that sheltered. Keep in mind my culture is not having an activated copy of windows and despite being a pro trader, I still use the free version of trading view. Worlds apart.
How do I navigate this? Is it as simple as teaching them how the world works? Am I overthinking it and they will just copy me, with my 20 quid trainers with holes in and a 'if my feet get wet I will dry them' attitude? Do I embrace the lucky situation I found myself in and spoil the kids - is there a happy medium somewhere in between?
How much is nature vs nurture? Is a casual approach to wealth better than low vibration / scarcity type mindset? Should I focus on encouraging them to put a dent in the universe? Does it even matter? Maybe he just lives that life and never needs to feel the struggle I did?
Private school applications need to be made in around 6 months time, so I need to figure this out by about August.
Would appreciate your thoughts
@HodlMagoo@BernieSanders Literally everyone is using this fractal. It's probably not gonna happen. Rally, suck in all the retail who think lower is no longer possible, and then real crash comes in
@jur_atto@vsirnate Why submarines almost never rescue survivors
1) Barely any space for survivors in modern subs
2) Extreme vulnerability on the surface and risk of counterattack
3) Sub mission is to stay undetected to pursue other targets of opportunity- they are the snipers of naval warfare
@jur_atto@vsirnate Royal Navy sub HMS Conquerer sank Argentinian ARA General Belgrano, PNS Hangor sank INS Khukri, German U-29 sank HMS Courageous - all without warning and without providing assistance. I think the US navy did okay
In 1944, the USS Johnston went down fighting the Imperial Japanese Navy in the Battle of Samar. It had taken a lot of fire and had started to split apart. The captain ordered his men to abandon ship. As they climbed into lifeboats, it is said that a Japanese crew sailed by and
@asiddle17@vsirnate Just pointing out the false idea of an “honorable” Japanese navy that OP is using. USN is simply doing what navies have done throughout history