Adam Cochran (adamscochran.eth)
Adam Cochran (adamscochran.eth)|Mar 03, 2025 14:47
Day 2, and not one credible person has come forward to make a clear case why this strategic crypto reserve with these assets is a good idea - the only arguments have been isolated bag bias. On the other hand, lots of credible crypto people, including those in DeFi arguing why *at best* a BTC or BTC/ETH one might make sense, but that over all the idea of an SBR is not the right economic choice, and not the right thing for a *federal* government to implement. This effort, especially now only erodes any creditability the industry has (which struggles at the best of times) and distracts from valuable efforts like good stablecoin and securities regulation that is permissive for innovation. It also increases the risk that the pendulum swings too far back in the other direction in the future.
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