So, apparently, we’ve got a bunch of crypto honchos throwing their pretty little hats into the ring for Donald Trump’s new Working Group on Digital Asset Markets. How quaint! It’s like a game of musical chairs, but instead of chairs, it’s a council nobody asked for. 🎩
According to the New York Post—yes, the bastion of serious journalism—some of our brightest (or maybe just the most bold) are in the mix: Marco Santori from Kraken, Ripple’s own Brad Garlinghouse, the podcast host (yes, being a podcast host counts now) Frank Chaparro, and a few other folks you probably wouldn’t recognize at a bar. Oh, and let’s not forget the CEOs! Jeremy Allaire from Circle, Brian Armstrong from Coinbase, and Kris Marszalek from Crypto.com are all vying for a cushy spot. Amazing! 🥳 Can’t wait to see the debates: “Which coin do you think is the best?” “Well, I like Bitcoin…”
Now, hold your horses! This all supposedly revolves around “industry experience,” whatever that means. It’s like selecting the cast for a reality show where everyone is somehow connected to crypto, and not in a good way. 🙄
President Donald Trump signs crypto executive order
Oh, and let’s not skip over Trump’s executive order creating this crypto wonderland. It’s like he waved a magic wand and said, “Let there be crypto!” Not to be dramatic, but I can’t help but chuckle. This decree tells the council to study the concept of a “strategic digital asset reserve.” Seriously? What’s next, a strategic reserve for avocado toast? 🥑
And just to spice things up, he outright banned the idea of a central bank digital currency. Because, you know, why would the government want control over digital money? Give it to the dudes with the hoodies! “The digital asset industry is vital for innovation,” or so the order claims. Ask the average person on the street, and they’ll probably say it’s more like buying fancy Beanie Babies. 😅
Now, let’s talk about who gets to sit at the cool kids’ table. The council is going to have top dogs from all sorts of agencies: Treasury, Commerce, Homeland Security—basically the cabinet of crypto chaos. But hold on, no one from the Federal Reserve or FDIC made the cut. I guess they didn’t bring enough chips to the party? 🍟
Caitlin Long, from Custodia Bank, is not holding back, claiming these two agencies tried to kill the industry through debanking. Talk about a grudge! Can’t wait for the tell-all book: “I Survived the Crypto Wars!”
Meanwhile, on February 5, the FDIC decided to spill 790 pages of correspondence. Pause letters? Requests for more info? Could you be any more bureaucratic? It’s like they’re trying to keep crypto in a chokehold while pretending they’re doing some sort of regulatory dance. 🕺
Acting FDIC Chairman Travis Hill, bless his heart, wants a sit-down with Trump’s new group. Well, this sounds like a sitcom waiting to happen. Sign me up for the front row! 🪑
Read More
- NYM PREDICTION. NYM cryptocurrency
- COW PREDICTION. COW cryptocurrency
- INJ PREDICTION. INJ cryptocurrency
- PSP PREDICTION. PSP cryptocurrency
- IP PREDICTION. IP cryptocurrency
- ONT PREDICTION. ONT cryptocurrency
- ZK PREDICTION. ZK cryptocurrency
- HBAR PREDICTION. HBAR cryptocurrency
- EUR INR PREDICTION
- TRU PREDICTION. TRU cryptocurrency
2025-02-06 23:11