"Amid a wave of campaign cash, senators put a line in the new crypto bill that could require banks to drain money from your savings account & give it to crypto investors to reduce their losses.
🚨The bill says crypto gets "priority" over deposits."
Yet another potential economic crisis to protest: #NoKings #June14 #Resist. #Crypto #Bill #Economy #Banking #Sabotage #Republicans #Regulations #USPol https://www.levernews.com/cryptos-new-bailout-fund-your-savings-account/
Oh, it's even better than that. This CreditSlips article brings forth what we're seeing -- and it's a fiscal and legal tangle which would require significant investments in time and money both.
At first I thought you said "put a line through" it. They actively, deliberately, put it in. There is no bottom for these people. They do not represent anyone but their own selves. But, usually they don't let us see that.
Wow.
Still processing.
I remember when the 'cryps' were a much feared and reviled gang engaging in crime and violence. good for them.
Kim Perales
Jennifer Kayla | Theogrin 🦊
Rory
Edelruth In The Wrong Timeline
cmacinfo
Tuckers Nuts Resist! 🇺🇦