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This is likely why we are dropping today...

lieutenantdan - 2023-12-11 20:43:21

Leverage is being unwound on the heels of Elizabeth Warren and co going after bitcoin and crypto


There was a new bill introduced basically turning everything in crypto into a bank with similar rules.


Which makes no sense, but you can't talk to crazy.


That being said we need to do everything we can to fight these power hungry crazy people.


Bitcoin and crypto are not banks and the companies that process transactions but don't hold funds are also not banks.


This is getting ridiculous…


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(Source: https://www.warren.senate.gov/newsroom/press-releases/warren-expands-coalition-of-banking-committee-support-for-bill-cracking-down-on-cryptos-use-in-money-laundering-drug-trafficking-sanctions-evasion)