This is what we hear from the money launders on CNBC. They ask for "regulatory clarity" but i say why?

Making sure banks, pension funds, mutual funds, etfs and other heavily regulated services/industries can "buy" Bitcoin has never truly mattered. If people see Bitcoin as a viable solution to the existing system they would pull their funds from these financial products and just buy bitcoin. Thats the true renaissance. But instead we pushed for a quick hit. Puff, puff, and passed the regulations for the bitcoin etf. Just to pump my bags while im still young.

While i do agree enterprise solutions are needed to help with enterprises work within their existing compliance framework(i.e. amboss Reflex or exchanges KYC and enterprise solutions requiring kyc for their enterprise client, not the customer). I dont advocate for it. i just realize that is the rules of the game.

These solutions allow large enterprises to participate and grow the usage of bitcoin. Leading closer to hyperbitcoinization.

I think asking for "regulatory clarity" around bitcoin is an icarus type of moment. The only clarity that is needed is on the government overreach side. So preventing a 6102 or banning of self custody or bitcoin mining.

So keep bitcoin out of bills unless it is preventing government over reach. Products that allow enterprises to work within the existing legal framework without fear of prosecution will help further adoption. These solution are necessary because they allow the industry to self regulate rather than invite congressional oversight. This can be a fine line and a proper balance is needed.