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intangiblecoins
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heading across the country today to attend my SIXTH
bitcoin
conference
we’ve all come a long way since that old parking garage in san francisco
#BTC
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when the world is chaotic and politics in disarray when you’re feeling neurotic about inflation day to day when the debt is piling up and there’s no end in sight look toward hard money to sleep soundly at night ₿itcoin
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decided to unbox the bitcoin indycar bitcoin is the fastest horse(power)
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🚨 GENIUS Act stablecoin bill achieves final passage in the U.S. Senate in bipartisan vote of 68-30 (including 18 democrats) we expect it to ultimately pass the House and hit the President's desk by Aug recess, though could be a lil bumpy senate vote tally below 👇
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should i: a) drink this tonight b) wait until $120k c) hodl and resell in a few years
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WSJ reported today that Amazon and Walmart were “exploring issuing their own stablecoins” this story is extremely misleading because it omits the *crucial* fact that the GENIUS Act explicitly prohibits non-financial pubcos from issuing! see §4(a)(12), which sets an extremely high bar for such a non-financial company to meet to gain an exemption — such a high bar to as likely be impossible. (see highlight in second image). they could certainly *use* stables, but very most likely impossible for them to issue feels like WSJ should have mentioned that, especially since the story impacted markets a fair amount today 🤔
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