Trump supporting USDT guy 🤡
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222 sats \ 5 replies \ @Arceris 19 Nov
Lutnick was co-chair of Trump's transition team. He was almost certainly going to get something... probably better this than Treasury.
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0 sats \ 4 replies \ @Rsync25 OP 19 Nov
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11 sats \ 1 reply \ @freetx 19 Nov
There are some remarkable similarities between Tether and the history of "Euro-Dollars".
When Euro-Dollars first appeared in late 50s the US was initially had a negative view of them (not the least of which because the prime user of ED's was Soviet Union).
That negativity eventually moved to a positive view as they saw it just cemented dollars status and increased demand for dollars (and allowed them to 'export inflation' to a wider base).
Its very similar situation with USDT Tether. In the end, it helps king-shitcoin hold onto to its status as reserve currency.
Thus, I think with Lutnick at Commerce we will see the blessing of stablecoins and they will be encouraged their use for international payment.
All this is obviously good for bitcoin, because as soon as people move funds to completely native digital, they will want to hold a portion in bitcoin for long-term SoV reasons.
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10 sats \ 0 replies \ @Rsync25 OP 19 Nov
Trump wanna make USD stronger than Bitcoin
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0 sats \ 1 reply \ @Arceris 19 Nov
Yeah. I think as head of Treasury that would be a clear conflict. At least at Commerce he isn't directly in charge of treasury issuance & policy.
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10 sats \ 0 replies \ @Rsync25 OP 19 Nov
Of course, he not will change treasury issuance and policy. But exist clear, conflict of interest. People are very blinded, unfortunately.
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