Say "No" — Senate Abandons Cryptocurrency Vote 🇺🇸
Senate Banking Committee vote on the cryptocurrency market structure bill today was canceled after C@inbase withdrew its support — and honestly, they had no other choice.#FOMCWatch
$ZEC
After reviewing the initial draft, he said the bill is worse than the current system, highlighting fundamental concerns:
❌ Effective ban on tokenized securities — kills innovation#MarketRebound
❌ Restrictions on decentralized finance granting the government "unlimited access" to your financial data
❌ Transfer of authority from CFTC to SEC, giving the latter greater power
❌ Changes to stablecoins that will eliminate incentives and help banks kill competition#BTC100kNext?
👉 "We'd rather have no bill than a bad one."
$DASH
They're right.
The previous version was impossible to support, and despite lawmakers' desire to find a unified solution, the new bill needs a fundamental rewrite before the cryptocurrency sector can back it.
He says they will continue "fighting for economic freedom" — but for now, the message is clear:#Binanceholdermmt
🇺🇸 The cryptocurrency legislation is not ready. The work is not over. And it's not close to being finished.
$BTC