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Michael Zogot
@michaelzogot.eth
šŸš€ US eases crypto rules for banks! šŸ“¢ The Office of the Comptroller of the Currency (OCC) has allowed banks to work with crypto assets without additional approvals! šŸ”¹ Now federal banks can: āœ… Store cryptocurrency šŸ’° āœ… Work with stablecoins šŸ”— āœ… Participate in blockchain networks šŸ“”
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Michael Zogot pfp
Michael Zogot
@michaelzogot.eth
āš” What does this mean? The simplification of rules will reduce the burden on banks and create a unified approach to cryptocurrency operations. However, risk control will remain strict. This would truly be a breakthrough if American bank customers could directly buy and store cryptocurrency in their banks.
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Michael Zogot pfp
Michael Zogot
@michaelzogot.eth
Very recently, Trump banned the US from issuing CBDCs. Everyone rejoiced. CBDC is evil and monetary slavery. It's complete control over money, we don't need that, and Trump saved us (the US) from it. Now, when banks are allowed to use stablecoins, it will be a very similar situation as with CBDC. All issuers will obey the US, funds can be collected, canceled, and blocked. Since everything is on the blockchain, everything is transparent and accessible. Dollar dominance will also strengthen since they are pegged to it. Especially Tether, as one of the major holders of treasury bonds, will continue to support demand for them, which will strengthen the dollar. Under the guise of a benefactor saving people from the evil CBDC, the US gets all its advantages without image costs. Masterfully done.
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