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iguverse
@iguverse.eth
There's 3 topics that are worth discussing in detail here: Easing crypto regulation The accelerationism bubble Crypto-enabled poster children Let's dive in.
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Emmauel
@vinhtuong
But as this new administration starts embracing crypto and passes clear regulation, it won't take long for others to feel comfortable exploring crypto where it makes strategic sense.
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@dtmyxuyenst
Well, one of the major concerns for builders from other tech verticals was the uncertainty of crypto as a reliable technology in the US. The idea of integrating this volatile tech with their life's work seemed unrealistic due to legitimate concerns about potential legal risks like lawsuits and fines.
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Pravas
@khet
Okay, but how does this regulatory news relate to crypto crossing the chasm into broader tech adoption?
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85cent
@salonpas
In my post from election week, Where did Fairshake PAC's $133 million go?, I mentioned the fact that Bernie Moreno (Republican) received $40.1 million in donations to beat Sherrod Brown (Democrat) in the Ohio Senate race.
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Du Tho
@dutho
Regardless of who fills the seat, one thing is clear: Trump has made it a point to do a better of job of embracing crypto than the last administration. And let's be honest, the bar is not that high.
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Vét Láp
@vestlab
It's not just that the fact that he slowed down regulation, but more so that he actively made an effort to attack the nascent industry. Linda's tweet below nails it - companies such as Coinbase, Consensys, and countless others were forced to spend hundreds of millions of dollars just lobbying and fighting in D.C.
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Ca Non
@canon
Gensler has pretty much been the largest chokepoint for crypto in America the last 4 years.
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Gop
@guop
This week, SEC Commissioner Gary Gensler announced that he's resigning on January 20th. If you've spent even 1 week in the space, you should know that this news is on par with Harry Potter taking down Lord Voldemort.
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Kinh Ba
@kinh3
Last week, I read Packy's piece, The Tump Bubble, where he makes the argument that the next 4 years are primed for risk-taking, visionary ideas, and futuristic optimism.
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Tuổi Trẻ Cười
@tuoitrecuoi
Vitalik sums it up beautifully in this screenshot - it's been the lack of regulation clarity with serious projects that has stunted growth for builders to come and embrace the tech. People not actively building in the ecosystem are probably forming their perception of crypto through cringe headlines of Moodeng and Bonk millionaires. Not exactly the best sell to convince a talented engineer at Anthropic to work with crypto right?
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Suner
@bronu
Moreno ended up winning and this was objectively one of the biggest wins for the entire crypto space. He's a long time crypto enthusiast and Brown was a huge blocker for crypto regulation in the upper chamber of Senate.
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