New York Embraces Stablecoins & US Gov Admits to Money Printing Spree
GM, crypto fam ☕️ Rise, grind, fellow goats, as we dive into the crypto rabbit hole with your fav. crypto goat here 🐐
Coming up: We’re about to take you on a ride filled with legal drama, money printing, and crypto goodness. So, without further ado, let’s jump right in!
New York to Accept Stablecoins as Payment for Bail
While Uncle Sam cracks down on crypto, New York dares to dream. The Empire State plans to accept fiat-collateralized stablecoins as bail payment in criminal law procedures. Talk about a plot twist!
NY’s Crypto Exodus
This move follows an exodus of crypto companies fleeing the Big Apple due to a regulatory crackdown. This bold step might pave the way for wider stablecoin acceptance.
Lawsuits Galore
Despite the glimmer of hope, stablecoin issuers still face legal battles. Paxos, the issuer of $BUSD, is in the hot seat as regulators claim $BUSD is a security. But hey, since when is the USD security? Hypocrites.
What’s Next?
This development may signal an end to the US war on crypto. But with the crypto landscape ever-changing, who knows what’s around the corner?
US Gov Admits Printing Money
US Congressman Brad Sherman spilled the beans, admitting to printing money out of thin air while accusing crypto community of doing the same. Wtf, Brad?
Inflation Insanity
Adding fuel to the fire, the Fed announced a 4.9% inflation rate just hours before Sherman’s statement. The USD’s value is sinking, and the government’s blatant admission isn’t helping.
Crypto vs. USD
Sherman’s attempt to undermine Bitcoin backfired, harming the USD even more. Might be time to consider crypto investments, as the greenback’s value rapidly dwindles.
Paper money eventually returns to its intrinsic value — zero. — Voltaire
Quick Bites: Crypto Snacks to Keep You Going 🍿
- ETH locked reaches an all-time high at 19,375,242 ETH
- SEC issues a new subpoena to Bitcoin miner Marathon
- Bittrex approved to borrow $7 million bankruptcy loan in Bitcoin
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