CRYPTO TURMOIL: Trump blasts banks as CLARITY Act stalls again
Blockchain.com CEO Peter Smith discusses digital asset regulation, crypto volatility and tokenization on ‘Mornings with Maria.’ #foxbusiness #morningswithmaria
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44 Comments
Trump’s screwing for his own grift
It's in the banks best interest to "delay, delay, delay" – they see a new competitor that is more technologically advanced, moves quicker, is more transparent and can pay their customers a higher yield and it threatens their business model.
Pro-tip: set up your direct deposit to split funds if possible, or use automatic transfers to accomplish this each month when your paycheck lands. Keep ONLY what you need in checking to cover monthly bills, keep your 3-4 month emergency fund in an accessible money market, high yield savings etc. SOFR rate FDIC/SIPC insured instrument (3-4% yield at the moment). Any additional savings beyond the emergency fund that you want to keep (after your usual 401K and other investments), store it on a brokerage in Strategy's STRC (do your own research, but they are extremely over collateralized and there is no reason to think this instrument isn't safe for at least the next decade at a minimum). It pays 11.50% APR right now, far above your HYSA / SGOV, AND with far better principal protection than corporate junk bonds which only pay around 8% if you're being aggressive anyways. Digital credit is here, use it wisely.
it's all a show and don't believe anything is random!!!!!!!!!! THEY KNOW DOWN TO THE MINUTE WHEN the CLARITY ACT WILL BE SIGNED!!!!
Charles Hoskinson is the true voice of decentralised blockchains! Cardano is the future of crypto!!!
From NY. I started investing a week ago. I started with 2k, now I am over $8,955 It's a great start with stock market. Thank you both for the information. Peace Power and love..
Traitor
Digital money closer to new world order, cash and precious metals struck better!
Im getting paid $200 every month just to deposit my pay check on Uphold. No bank would ever pay me to use the bank
Oh boohoo the bank's don't like competition.. welcome to the 21st century where now bank's and their low interest are now obsolete.
Yea banks are paying nothing on interest and haven’t for years! I am sick of that
if banks are worried about money leaving then pay more interest simple
Banks corrupt the price of gold and silver and yet they have the nerve to manipulate crypto all while they keep racking in the money doing exactly what crypto wants to do. The banks want the people to stay poor.
Higher rate, higher risk, less regulations
pls 🙏mr president were winnimg too much😂 Dow crash and GDP collapse
Fuck the banks
Bank's are jealous they cannot waste all of our money, then expect a bailout instead of people being responsible for their own money.
They shouldn’t even have a say
Screw the banks they're all criminals.
Taking my money out the bank. Them fckn banks can compromise where everyone wins. But their greed will not let them compromise. So just pass the bill and let em burn to the ground. Take your money out the banks
For decades, the banking system has operated under rules that allow banks to lend many times more money than they actually hold in deposits through fractional reserve banking. This practice generates enormous profits for financial institutions while exposing the public to significant risk. When those risks turn into crises, taxpayers are often forced to bail out the very institutions that created the problem. Combined with regulatory protection, lobbying power, and documented misconduct by major banks, this system raises serious questions about fairness, accountability, and who the financial system truly serves. And now the banks don't want to allow their customers to make yield on their crypto som that they can have the profits.
Sooo you can get rewards overseas but not in USA , makes no sense
Kill the banks NOW
Regulate the Banks into submission. They've overcharged America since 1913!!! 😅
Banks want him out. I want him out. Lex Luther from Coinbase also don't sign until he a lame duck…
someone needs to remind them why cold wallets exist
It's a whole scam from the get-go, every altcoin will be labled as a security except XRP, sell your bag and never look back. Thank me later.
Why does it seem like the banks get a vote? Did bofa and jpm become the senate? I mean i know they bribe senators but its ridiculous to say "we can't vote on this without the banks"
Tell you what. Let's start a war somewhere and then wonder why people become risk averse.
Also same banks that charge 28% on credit cards, yet want to only offer .01% on deposit. 😅
If the banks don't want to play, then play without them, pass the bill.
Fuck the banks
Trump and Sacks destroyed crypto. Fucking criminals
You are making it way to complicated. It comes down to capital gains the reason I don't sell is because that house is making me money for living. I don't need to sell and take a 30% hit so that is what these losers are thinking. F THE BANKS
Passing will spike btc to 100k momentarily then 75k and crickets. Crypto has been fucked around with too much by these retards.
Bitcoin is numbers entity. You are the clarity act and you are an entity. . Your waiting for trump to kiss his ring . Bitcoin is decentralized. It designed to not have rules made over its protocol. If they don't do anything then we need to move to tax free country. We are being impoverished. They keep saying crypto. All centrally controlled entities. They will keep you insolvent longer than you can stay solvent. Other countries have already made it tax free. And America can't and starts debates and all bs. Other countries just a dept it because it goes back into the economy when you spend it. This is all propaganda. And they dont care. There a superpower and don't wanna give it up. Keep you poor as longn ggg as possible
Now, the DOW is down: are Paedos going to be arrested. Are the Victims of Esptein Andrew Paedo Trump going to get justice
🤔 rewards are for circular utilities that mathematically prove activity
Quick question just for the sake of understanding. So if we take our money out of the banks, and say we deposit it in one of these crypto exchanges, we get a bigger return than the banks give us, right? Assuming that's right… What if crypto is going through a bear market, and crypto values drop significantly, and we wish to take our money out because we have a financial emergency we wish to address, will we be able to withdraw the same value we deposited, or the new bear stricken value? Because if I cannot take the same dollar amount deposited, for the sake of getting a bigger return, I don't know how that's a good idea. If my deposits in crypto lose 30% or more, then I rather keep my money in the bank with a smaller return, but able to withdraw my total initial balance. Again, I know nothing about this and I'm just trying to know what's up. Thanks.
There is only one thing left for banks to do to protect their old failed business model and that is to sign the bill and become crypto exchanges like SoFi is doing. If they don’t, then existing crypto companies will simply become banks and take all the banks customers away. That will happen anyway. Why are the banks being so short sighted?
STOP TRYING TO TAX CRYPTO
Somebody explain..how does the banks have a say in this? They are not sitting members of congress
This is like the taxi industry fighting uber and other alike platforms. 😂
Sad that the banks own the American people and profit from our savings