10 sats \ 0 replies \ @grayruby 22 May \ parent \ on: President Biden and SEC Chair oppose major crypto bill hours before voting bitcoin
Fair point. I do think this will actually benefit Bitcoin in the long term but probably not in the short term.
Crypto has been crying for years about lack of regulatory clarity and now they have a pathway to pretty much do what they want and see if the market actually wants their garbage. I think likely in the long term it pushes the market to realize it is all trash but after much chaos.