Comment on SEC says it will deregulate cryptocurrencies with 'Project Crypto'

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timbuck2themoon@sh.itjust.works ⁨3⁩ ⁨days⁩ ago

I mean, global economy really. Crypto has the potential and already fucked a few banks when it shit itself which could’ve led to awful bank runs.

If/when it destabilizes the American banking system the entire global economy will follow its lead down, at least a bit.

Like I don’t think people understand how devastating letting a scam like this into proper finance can be. Finance itself already has way more latitude than it should- wait until this just splits everything wide open.

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