Bitcoin ALL TIME HIGHS! 🚀

We've witnessed a new peak of $111,891.30 which is INCREDIBLE considering the global environment we're still in.

But the question on everyones mind... is there more to come?

Macro Overview

Now banks are even teaming up to create their own, thanks to the GENIUS act which is looking like it may pass through and it's an absolute nightmare for privacy and control.

The GENIUS Act wraps every dollar-backed stablecoin in a permanent surveillance blanket. To stay in business, issuers must park reserves in banks or at the Fed, file monthly public attestations, and open their books to on-demand regulatory audits.

They’re going to be able to see where every single dollar is and freeze it at a moments notice.

Flip a switch and they can freeze a specific user, blacklist an entire protocol, or mandate transaction filters across a handful of mega-issuers. You can see it as a “private-sector CBDC” by stealth: cash-like on the surface, but fully programmable—and stoppable—whenever policymakers decide to tighten the screws.

It will be interesting to see how they target projects like DAI going forward.