Re: USA prepare to give a new bill for Stable Coin - Shark tricks??
Today, I read a new in Decrypt.co about USA proposed bill would make it illegal to issue stablecoins in the US if not federal approval. It was proposed by 3 lawmakers: Rashida Tlaib, Rep. Jesús “Chuy” García and Rep. Stephen Lynch to manage the stable coin market. And it is aiming Tether (USDT) because as you know, USDT can't prove that behind 1 USDT is guaranteed by 1 real USD. And this news is released when Bitcoin is on a strong growth and want to break its old peak, this is quite similar to 2017 when Bitcoin reached 20k and after that , there were many bad news about Tethers at that time. And there is a speculation that it is a shark strick to other investors be fear and not dare to sell their Bitcoin at that time.
Am I too suspicious? Hope to receive opinions from you guys!
To me it is very obvious why this is happening, bitcoin is rallying and suddenly a news like this comes out and it is clear as day that they are trying to scare the people of this market, but how? Let's assume that the market begins to go down during the next weeks, many smart traders are going to move their money out of volatile coins and they're going to move to stable coins, but now there is the risk that those coins are going to be regulated and maybe even closed down, so most likely they are hoping that people choose to sell for fiat instead of stable coins so they can tax them on their capital gains.Quote
Am I too suspicious? Hope to receive opinions from you guys!