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Crypto Should Stop Begging Washington for Permission

August 17, 202662 views60:56

Jim Bianco says crypto gave up on its own strength to go chase Washington's approval.⁣ ⁣ "You're on bended knee at Washington asking for permission... instead of trying to build an alternative financial system."⁣ ⁣ His point: stop lobbying for the Clarity Act and start building for the billion+ people living under broken currencies.⁣ ⁣ In Venezuela, nobody's converting bolivars to dollars at a bank.⁣ ⁣ "It's probably to a crypto exchange to exchange it to tether."⁣ ⁣ Same story in Afghanistan after 2021 — countries don't dollarize into cash anymore, they dollarize into stablecoins.⁣ ⁣ "That's who desperately needs crypto. Who doesn't need crypto is who they've been chasing for the last couple of years." 🎬

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