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Why isn't the SEC approving Bitcoin ETFs? episode artwork

Oct 12, 2021 17 min

Why isn't the SEC approving Bitcoin ETFs?

from Critical Thinking Brain Hosted by critical_thinking_brain

Stablecoins need to stay in their lane (crypto lane). Printing something for nothing. Every crypto token is inflationary, but especially stablecoins. I do not like the name Stablecoins. Tether lends out usdt to Celisus. The collateral used in the loan do not back up or get value to the usdt, it gives value to the promise to back the loan. Let's think logically about what Tether produces and what they should (usd) and should not have (usdt) on their books to lend. If Tether was being honest they would be buying usdt in the market to then lend. (yeah no one believes that). Crypto needs to stay in its own virtual crypto world Stablecoins should not be regulated with any new laws. If they are going to be regulated they are securities.. but we all know why that is a problem so they have to invent a new regulatory thing that fits better. Stablecoins better not be used outside of the crypto world--- pushing up the value of real assets.

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