A plan being floated in Washington would place a user fee on foreign purchases of U.S. treasuries to depress the dollar, but it could play havoc on the global economy, thus burnishing the case for Bitcoin.
Many industry insiders are concerned that, if successful, Coinbase’s strategy could bog down the legislative process and delay the passage of a stablecoin bill.
The government’s case against a key piece of privacy tech is reaching a critical stage. The future of the $90 billion DeFi industry could hang in the balance.