A big concern is that stablecoins will appear as safe investments, legitimized by the law, while supposedly private companies issuing stablecoins could peg their tokens to riskier assets that could tank reserves, cause bank runs, and potentially blindside and financially ruin Americans. Stablecoin scams could also target naïve stablecoin investors, luring them into making deposits that cannot be withdrawn.
About as on-brand as it could get for modern GOP.
Anyone else wanna move to the hills and watch this dumpster fire of a country from a distance? I’ll bring the marshmallows…
I’ll bring alcohol. Lots of it.
Oooh, look at Mr fancy pants over here being able to afford marshmallows…
(Can you bring some hot cocoa too?)
I got an antique mountain pie maker. Can’t afford the filling tho. White bread and ketchup okay?