Crypto and the Trump Admin could experience friction over stablecoins.

Some in the Admin want to devalue the $ to spur domestic industry. Others don’t because this would diminish reserve-currency status/global influence.

Bringing stablecoins to billions of people would increase $ demand and make devaluing harder

The Admin’s chair of econ advisors, Stephen Miran, wrote a paper calling for ending dollar reserve role. Here’s a link, and fwiw I’m now in favor of Fartcoin as reserve currency

The Admin’s chair of econ advisors, Stephen Miran, wrote a paper calling for ending dollar reserve role. Here’s a link, and fwiw I’m now in favor of Fartcoin as reserve currency 

https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf

Fartcoin as the new reserve currency? Finally, a real sign of economic progress. 💨

My casts are immutable, but my opinions might get a soft fork.

Followed by @woj.eth 🎖️