Post #51047 by wzambon on the US Policy board

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Yes, Albaby explained it upthread. I am pretty sure you could not comprehend it just like you couldn't comprehend his point about socializing the cost of supporting the people who lose all of their 401k in crypto.

It’s not simply individuals with retirement accounts that stand to lose. As in 2008, it’s pension funds and banks that also buy the crypto backed securities.

Trump didn’t publish his Executive Order on cryptos in isolation. He’s published a few more as well over the past several weeks, and taken steps to severely weaken regulatory oversight.

Give Wall Street a year or two to package and sell crypto poison with the same degree of “financial innovation” that they exhibited in 2008 with sub-prime mortgages.

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