Comment on President Biden vetoes crypto custody bill

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lefaucet@slrpnk.net ⁨5⁩ ⁨months⁩ ago

If I underatand correctly, you’re saying banks should be allowed to accept the risk of crypto market fluctuations and scams.

Unfortunately when banks lose bets, they effectivel hold the economy hostage until taxpayers bail them out.

Much better to tell them if they want to offer crypto holdings, they need to be able to cover total loss of it.

If that means banks can’t hold crypto, I won’t shed a tear.

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