If the Genius Act passes, what does this ultimately mean for btc? A lot of btc trading volume is from USDT, and well...Tether is shady...is this a legitimate concern for btc?

>>60644558 (OP)
It will destroy Tether which props up Bitcoin. Look up how money tether was printed directly before this pump. Say goodbye to that

test

>>60644567
Can't something like USDC or other stablecoins just take the place of Tether?

>>60644658
Not after the Genius Act. They'll all be beholden to the new rules

>>60644675
Why are anons happy about the Genius Act passing? Won't this pretty much destroy btc's price action?

>>60644558 (OP)
it means xrp poompa

>>60644722
Chainlink wrote the bill

>>60644658
Tether is fake and gay, no legitimate stablecoin can replace it

>>60644722
Crypto regulatory clarity can mean short term pain for long term gains

>>60644745
>Crypto regulatory clarity can mean short term pain for long term gains
If tether goes, then btc along with crypto as a whole finished.

>>60644558 (OP)
Can someone explain this shit like I'm retarded

The Cult of the Black Phallus- practiced and retained by the esoteric doctrine of the ruling class

The Elites have taken an oath to subjugate all of humanity and have been operating thereforth since the fall of Atlantis

Fascism's Manifesto: The husbandry of Everything and Everyone; the unified cult pledge and they all love peepee

The Erected Obelisk therefore represents dominion seized, considering the sun doesn't set on this Animal Farm in veneration to the men of Oz

These staged billionaires, ministers..... politicians; a means of narrative building, P R - the gradual acclimation for slaves to accept the world that is to cum

"you will swallow and you will be happy"

>>60645096
Give me more atlantis pills. Are they the ones truly in control

So does this thing actually kill tether and by extension btc, or is it just more fud?

>>60644722
genius act passing means stablecoin issuers are forced to have a proof of reserve to show that their asset actually exists and is audited on a minute by minute, or even second by second basis. AKA it means using something that chainlink offers (and is the leader in) will be required by law.

>>60645301
Do you think Tether can abide by these rules?

>>60645096
Based seer

>>60645360
Yes. Assuming the money actually exist and the tokens aren't just printed out of thin air. If they can prove they have the money they say they do then yes.

>>60644736
this, there is a reason Oracles will surpass BTC

>>60644558 (OP)
XRP to 50k

>>60645376
>>60645301
>Do you think Tether can abide by these rules?
>yes
You're so naive I can only assume you're a redditor. There's a reason they're offshore. Nu/biz/ is a joke

>>60645124
Please answer this someone :(

>>60644558 (OP)
Bitcoin will finally return to the dustbin of history to make way for real technology.

>>60645503
>Bitcoin will finally return to the dustbin of history to make way for real technology.
LOL