I don’t understand why people keep wanting a SBR. We don’t need that. Especially if a future president or Congress can dump it at anytime in the future.

However, if banks can now hold crypto more easily, and FDIC can insure up to 2.0 BTC regardless of fiat value, I think we skyrocket and kill cycles forever. It brings stability into the market and trust.

BTC will now be backed by the federal government without them ever spending a dime on BTC.

There are trade offs, as you are no longer in self custody. But the FDIC insurance is as high level of trust as you can get besides cold storage. Better than an ETF, better than MSTR etc

Many people do not want the burden of self custody and ultimately I think this is one of the best, budget neutral ways that the government can send BTC to the moon

I would even consider this if it mean we can get BTC backed loans from tradfi banks, and our collateral is FDIC insured. We wouldn’t have to trust shady smart contracts or hacks in the traditional sense.

We would still have to trust the US government obviously, but that’s the main tradeoff for higher BTC adoption and much higher prices

I don’t understand why people keep wanting a SBR. We don’t need that. Especially if a future president or Congress can dump it at anytime in the future.

However, if banks can now hold crypto more easily, and FDIC can insure up to 2.0 BTC regardless of fiat value, I think we skyrocket and kill cycles forever. It brings stability into the market and trust.

BTC will now be backed by the federal government without them ever spending a dime on BTC.

There are trade offs, as you are no longer in self custody. But the FDIC insurance is as high level of trust as you can get besides cold storage. Better than an ETF, better than MSTR etc

Many people do not want the burden of self custody and ultimately I think this is one of the best, budget neutral ways that the government can send BTC to the moon