The broad crypto industry rallied hard soon after the White House threatened to veto the bill that would let banks custody digital assets. And now it’s making a big difference, with Congress voting ...
We may be losing the plot. There are 2 discernible camps: Privacy + Permissionless network on one side, and NGU on the other. The latter helps make the asset more attractive to institutions, but also is a soft capture because everyone gets addicted to NGU and wants the political winds to help NGU, even if the trade off is that we have to trust them and ask for their permission. Worries me a lot.
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