RIP RSR

>US lawmakers fast tracking to make stablecoins illegal.

cointelegraph.com/news/us-lawmakers-seek-to-make-stablecoins-illegal-without-federal-approval

This literally makes RSR dead in the water and worthless. We're not talking a dump to 1 cent but to zero. Why is the market not reacting I wonder.

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Dai too?

that would suck if it was pegged to a fiat currency.

Why do Burgers ruin everything?

Holy fuck.

>It shall be unlawful for any person to issue a stablecoin or stablecoin-related product, to provide any stablecoin-related service, or otherwise engage in any stablecoin-related commercial activity, including activity involving stablecoins issued by other persons, without obtaining written approval in advance, and on an ongoing basis, from the appropriate Federal banking agency, the Corporation, and the Board of Governors of the Federal Reserve System.”

HAHAHAHAH they're scapegoating black people.

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>Why is the market not reacting I wonder.
>Congresswoman Rashida Tlaib
Amazing RSR fud, it's not going to pass and you damn sure know it but you are likely shilling freedom reserve which is the current meta shitcoin to feed your village with

Tether court confirmed to be fucked no matter what Bitfinex says.

i fucking hate democrats and their minority pandering. Sure racism exists to some degree but this shit is just extreme.

Why are Americans such cancer?
>NNNNNNOOOOOOO YOU CANT HAVE A SAFE HAVEN FROM VOLATILITY YOU NEED TO TAKE RISKS REEEEEEE

Scum of the earth.

This better not pass. Wtf do stablecoins have to do with black people?

OH NO NOT MY DIGITAL OIL

would like to know too

imagine not locking up your funds in hex or axion lmao there is less volitivity if you earn more coins, I hope this shit passes makes me extra bullish on both hex and axion!

Thanks for fucking everything up again, America
I swear, aside from guns you guys just make everything worse

Dai is not backed by USD, it is backed by market incentives to keep it at $1. It is decentralized. It cannot be stopped.

What does stable coin have to do with race?

its exact same thing they did with the ending encryption bill that they disguised as the "protecting children act" or something

Was that bill pass?

Seems like markets are responding to this and rsr is dumping. Rip rsr

>incorporate in a non-US jurisdiction
>pass everything to that corporation
>deny the IRS the benefit of any taxes they could reap from it
I don't think they've thought this through.

They do.
Everywhere outside of a few countries is under US Jurisdiction.

I don't own any, but what would happen to someone holding a stablecoin if this bullshit passed?

Better hope your stablecoin of choice follows through and meets the requirements (or finds a way to dodge them) otherwise you can count on it being pissed into the shadow realm

Bill will never pass. And even if it did they would get the approval right away. This is actually very bullish for RSR/RSV since they understand the potential and that it could overtake the dollar

If I have a loan denominated in a stable coin and it gets banned, what are the consequences?

This is in fact extremely bullish. We are in the same spot we were in in 2017 but instead of US FUD we were getting hit with china FUD twice a week. Why because they couldnt control it. Then over the past two years they learned instead of how to control it how to profit from it while US was busy soulfinding and making up their mind about trump. Well now that thats over with they recognize there are more important things such as money and they are behind. Now they are playing catch up but first as always try to kill off the new contender instead of side with him. Once they find out its better and easier to use crypto rather than destroy it we will see the bull of all bulls, but this time with AMERICA in the lead and not gooks niggers and underdogs.

>Everywhere outside of a few countries
All it takes.

I am unsure too user, I genuinely am too.

Why don’t these crypto companies use a few of the billions they made to lobby the US government into submission? These corrupt fucks just want a cut. Every other industry is doing this.

I've asked this multiple times as I'm in the same situation. Bump

fuck these faggots

why not just peg to the china dollar

This is what you faggots get for voting democrat, you stupid fucking cunts

F