@sarangshah Plus their blog post opens with a pitch to regulate "stablecoin" shops as banks, presumably with FDIC protection. Very nice for those shops, but a disaster for the public at large. The smell of future bailouts practically reeks from my phone just reading that.
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Frank Bennett (fgbjr@indieweb.social)'s status on Thursday, 22-Dec-2022 14:22:07 JST Frank Bennett -
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Sarang Shah (sarangshah@mastodon.social)'s status on Thursday, 22-Dec-2022 14:22:08 JST Sarang Shah Beware first amendment Locherism y’all
“Creating decentralized protocols ... should be equivalent to publishing open source code, which is protected by freedom of speech in the U.S.”
https://www.coinbase.com/blog/regulating-crypto-how-we-move-forward-as-an-industry-from-here
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