Retweet if you think politicians should fix the fiat system before they try to screw up the crypto system.
In many cases, the bitcoin & crypto industry has more regulation than legacy system.
If I spend fiat, I pay sales tax. If I spend bitcoin, I pay sales tax and capital gains tax.
In NYC (financial capital of world), more licenses needed for crypto company than legacy fintech.
If I spend fiat, I pay sales tax. If I spend bitcoin, I pay sales tax and capital gains tax.
In NYC (financial capital of world), more licenses needed for crypto company than legacy fintech.
Many of the largest companies in the crypto industry are regulated by 50+ regulators, organizations, and governing bodies.
There is a strong argument that we don’t need more regulation and oversight, but rather we need more efficient and clearer oversight.
There is a strong argument that we don’t need more regulation and oversight, but rather we need more efficient and clearer oversight.
One of the big difficulties is that many of the politicians who are advocating for more regulation can’t describe what a blockchain is, how it works, what differentiates various assets, and why these are essential for American economic prosperity in the future.
It is obvious that the legacy system is not working for tens of millions of Americans.
5%+ unemployment.
11M open jobs.
5%+ inflation.
Wealth gap wider than ever.
New system offers hope that we can design something better. Something more inclusive.
Something that works.
5%+ unemployment.
11M open jobs.
5%+ inflation.
Wealth gap wider than ever.
New system offers hope that we can design something better. Something more inclusive.
Something that works.
If we’re all serious about building a system that is durable, scalable, and effective, than we need participation from all parties.
Politicians can’t do it alone. It is arrogant and ignorant of them to think that.
But the bitcoin and crypto community can’t do it alone either.
Politicians can’t do it alone. It is arrogant and ignorant of them to think that.
But the bitcoin and crypto community can’t do it alone either.
This new digital financial system provides an opportunity to drastically fix many of our sins of the past.
We need technologists, entrepreneurs, investors, regulators, politicians, corporations, and individual citizens to work together.
All hands on deck.
We need technologists, entrepreneurs, investors, regulators, politicians, corporations, and individual citizens to work together.
All hands on deck.
The constant labeling of the bitcoin or crypto crowd as criminals and nefarious actors is provably inaccurate.
The labeling of all politicians as out of touch boomers is wrong too.
There are lots of great people who share the ultimate goal of achieving a better system.
The labeling of all politicians as out of touch boomers is wrong too.
There are lots of great people who share the ultimate goal of achieving a better system.
America has an opportunity in front of us.
We can embrace this new technology, encourage innovation, create trillions in economic value, and ensure we remain the global leader.
People just need to be willing to work together to accomplish that.
We can embrace this new technology, encourage innovation, create trillions in economic value, and ensure we remain the global leader.
People just need to be willing to work together to accomplish that.
Lastly, the free market has determined that these assets are valuable.
Hundreds of millions of people around the world use these technology products.
The government should work to support the will of the people.
I am optimistic that we will end up in a good place 🙏🏼
Hundreds of millions of people around the world use these technology products.
The government should work to support the will of the people.
I am optimistic that we will end up in a good place 🙏🏼
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