As another Lame Cherry exclusive in matter anti matter.
When you see a big cunt whore like John Thune of the US Senate get involved in a bi partisan bill to regulate crypto, you should comprehend that the game has changed from this NSA funded currency and it is not going to go where anyone thinks it will.
The key to this bill is that it is a Crypto Killer, meaning just like the Internet was free at the start, and full of wonderful sites like Geocities, Excite, Drudge etc... it all became centralized and expensive. Crypto is now going to be housed under regulated groups who will CHARGE for the services. That will kill off lesser crypto, centralize it, and it will mirror all commodities, as that is what it will be regulated as.
Not as a stock, not as a currency, but as a commodity, where speculators will be allowed to trade on the margin in billions of coin and reap windfalls of a few pennies per crypto, where they make the money and they charge you for using your investment.
Meet you on the other side.
WASHINGTON (Sputnik) - Members of the US Senate on Wednesday introduced legislation that would allow the Commodity Futures Trading Commission (CFTC) to regulate the trading of cryptocurrencies and other digital commodities, according to a statement released by the bipartisan group of lawmakers.“This bill provides the [CFTC] with the authority to regulate the trading of digital commodities – mandating consistent, rigorous rules for all market participants. These rules hold digital commodity platforms to the same standards as traditional financial institutions. They are designed to protect consumers and empower them to make more informed trading decisions,” a summary of the legislation provided in the statement said.US Senators Debbie Stabenow, John Boozman, Cory Booker and John Thune introduced the bipartisan legislation, known as the Digital Commodities Consumer Protection Act of 2022, the statement said.One in five Americans have used or traded digital assets, according to the statement. However, such markets lack the transparency and accountability that the US financial system has come to expect, Stabenow said in the statement.The legislation requires all digital commodity platforms to register with the CFTC, prohibit abusive trading practices and adhere to advertising and risk disclosure standards, the summary also said.Additionally, the bill authorizes the CFTC to impose user fees on digital commodity platforms to fund its oversight of the market, as well as directs the commission to examine the racial and gender demographics of the market to inform rulemaking, the summary said.The bill would consider cryptocurrencies such as bitcoin and ethereum digital assets, and include digital assets in the definition of commodity under the Commodity Exchange Act.
If you missed the key words of accountability and transparency, the translation is, turning your financial information over the IRS so the regime will assess taxes on you, and if you do not pay, you got to jail.
There is not going to be any incorporation, buy out or melding. There will be "mergers" of currencies which will yield the investor nothing, where in the end it will be commodities like corn, owned by Cargill, Soros and Archer Daniels who make the money and you get charged for coin storage. I would suspect as in 2008, that a crypto crash will take place, as in coal companies whose stocks dropped to pennies, were put into limbo, acquired and no one will hang onto the worthless things, and in time while the value is there, they will be depleted out for tax assessments and disappear as they re emerge as a new entity.
You must understand that Crypto was designed to suck up energy in Russia and China. It did not exist. Very little money flowed into crypto as hard assets. Most of that has been wiped out. So the NSA created this weapon, it failed, and now is a Qanon whisper which appears to have snagged most the tank skin types and I would suspect that a new standard will be created sometime of 100% value and crypto will be devalued to pennies, for the tax assessment and the eventual absorption of this ruse.
Crypto as a commodity is going to cost investors money to manage it. If they rig this as in the Dotcom Bust, where investors are responsible for margin calls. meaning when the currency drops like a share in oil, you have to make up that difference. That would be most expensive and how many people lost their asses in the Dotcom, because they had shares in computer companies, and the companies lost value, had debt and as those suckers owned that debt, they got the bill to pay.
Only real interest for me is Thune's company in Stabenow, Booker and Boozman are joined at the hip and are leaving the cum trail back to who owns this now, in Chicago runs commodities, the CIA in major connections and not New York and the NSA. Just nice in a world that can't find any rights for Americans, that the fishy smell for this quad genders is who they answer to.
This is another Lame Cherry exclusive in matter anti matter.
agtG
agtG
