This may be an unserious threat to sound policy today, but it’s a chilling preview of what’s around the corner.
Reminder we’re not building DeFi for friendly regulators. We’re building for resilience.
1/ Senate Democrats are trying to kill market structure.
A group just sent a counter-proposal to the RFIA and it is deeply unserious. These Senators claim to be pro-crypto, but what they propose is basically a crypto ban.
It's hard to imagine a good deal happening right now 🧵