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mikebelshe
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Banks and regulators and Wall Street all think we still need banks. The more you learn about digital assets, the more you learn how obsolete banks are. The layers of risk management at these institutions is completely legacy based on flawed assumptions about how lending generates liquidity from over 100 years ago before computers. Compliance is not an issue - the banks of tomorrow are lower risk, lower cost, better service, and matched compliance. Bitcoin and stablecoins and lending platforms is all you need.
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Banks and regulators and Wall Street all think we still need banks. The more you learn about digital assets, the more you learn how obsolete they are. The layers of risk management at these institutions is completely legacy based on flawed assumptions about how lending generates liquidity from over 100 years ago before computers. Compliance is not an issue - the banks of tomorrow are lower risk, lower cost, better service, and matched compliance. Bitcoin and stablecoins and lending platforms is all you need.
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No need to wait for new companies to build Bitcoin borrowing facilities - @BitGo borrow against BTC today. Best rates; institutional grade; experienced team. @BitGo - DM if interested
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Bitcoin is the best way to say, "I love you, Mom."
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Heading out of DC this morning after dinner with @realDonaldTrump last night. We've had a wave of strong wins for the crypto industry already this year, thanks to his leadership, and we've put America back into the leadership role for the future of finance and capital markets. There is more work to do, and this week we are calling on Congress to continue their support for crypto by passing the GENIUS Act, which brings clarity to business, safety to users, and strengthens the dollar globally. This is a unanimously positive bill for crypto voters, and crypto voters will remember your support. Additionally, yesterday brought our first updated look at the market structure bill which we hope will ultimately pass this year also. It's time to BUIDL with confidence and safety!
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