Thank you Reps. Patrick McHenry, Tom Emmer, Sen. Cynthia Lummis, et al

[headingnorth]

Working hard to protect us from idiots like Elizabeth Warren, Jamie Dimon and Gary Gensler, you are doing the people's work and have my greatest thanks.

Remember to always vote for pro-bitcoin lawmakers in your country!




Rep. McHenry seeks to get measure to repeal SEC accounting bulletin 'across the finish line'

https://www.theblock.co/post/275780/rep-mchenry-seeks-to-get-measure-to-repeal-sec-accounting-bulletin-across-the-finish-line

[Doan9269]

Well it's something good to have political bitcoin enthusiast voted for into office, but how sure are we to know that they are not only taking this for our weakness in other for them to get votes into office,how sure are we that this same people will deliver upto expectations when elected, is it not going to be like an illusion on us, it will be so good if we can have people like nayib bukele representing us and we can have confidence in, to count on them.

[franky1]

well lets spin the argument around
if custodial services do not treat CUSTOMERS coins as liabilities custodians owe to customers.. are custodians to treat customers coins as the custodians assets

think about it
id rather have it that custodians dont claim bitcoin as the custodians assets and instead legally be known to be customers property a custodian has where the custodian owes the customer(custodian liability)

i do understand that by listing it as a custodians liability it makes custodians not want to gather coin as it harms their asset:liability accounting sheet. but those liabilities are never considered as "realised losses" to be of real harm to a business and instead are just a line on a spreadsheet.

a line on a spredsheet that actually treats customers as fairly treated creditors should a custodial business get into financial trouble for other reasons. without customers coins being treated as the custodians own assets to then be syphoned off to pay other creditors that are not the customer, thus meaning the customer only get pennies on the dollar when making claims

[criptoevangelista]

At least in your country you don't have to put up with a freak called Luiz Inácio Lula da Silva, who went from being a convicted prisoner to becoming president.

The right thing to do is simply ignore all this sea of rubbish that is the world political scene.