Allowing people to hedge against the dollar that’s getting destroyed on a regular basis, I’m not sure if I want to completely preclude people’s ability to do that.”
Wow! I didn't expect him to use that as an argument, but it's valid.
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I don't think they or anyone next of kin should be allowed to trade. Although, I do think there should be a slight salary increase per year - as $170K isn't alot to live off of in DC. This is why many politicians do take stuff under the table (not defending them), because $170K is the new 70K
They're the ones who created the Fed and originate all government spending, I think it's reasonable if they have to save in dollars.
If the dollar's failing, end the Fed and stop deficit spending.
I agree, but the argument can be made that their predecessors who enabled the legislation creating the fed got completely snookered by the bankers. I think they were too dim witted to see the ramifications.
Outcomes follow incentives, so as long as Congress has all the legal authority to fix this problem, they should be exposed to it.
Yes they should
Nancy is going to love getting in on all the VC funded coins of this cycle.
Ah Nancy does what she wants!
If they don't KYC, of course they can.
Theoretically they have to disclose all of their investments. In reality it would be tough to prove.
They should not be allowed to hold shitcoins, like USD for example.
It’s like the growing realisation is setting in that they better do something as the dollar is toast.
In the United States, the Securities and Exchange Commission (SEC) plays a significant role in regulating aspects of digital assets. For custody services related to digital securities, the SEC's regulations and guidelines are essential.
Chip Roy seems to know what he is talking about.
He is from Texas, so he wants to keep his freedoms.
Whats funny is that none of the stock market bans and asset trading things apply to crypto so there is a huge loop hole right there!
Yeah the thought is definitely valid. The cause for the thought is also valid and quite visible. Dollar is definitely getting destroyed day by day. May be it's not just yet visible to everyone...