Warren Davidson 🇺🇸
@WarrenDavidson
The STABLE Act passed the @FinancialCmte this week. While it’s a significant upgrade from the GENIUS Act, neither is ready for a floor vote.
Self-custody must be explicitly protected. Without explicit limitations on government action, legislation could actually corrupt crypto into a permissioned, account-based regulatory regime. Without explicit protection, we will lose in court when regulators take action.
We don’t need to speculate that hostile regulators will continually attempt to either ban or essentially control your use by highly regulating it. 1) Regulators have already made proposals, and 2) Democrats offered 38 amendments consuming more than 10 hours of debate explaining their plans and opposition.
2025-04-05T17:47:03.000Z