I didn't see someone post this. But I have some newbies on ignore, so...
💥 BREAKING: BlackRock just filed to allow in-kind creation and redemption on their Bitcoin ETF $IBIT
This mean Authorised Participants can deposit and withdraw Bitcoin to and from the ETF. 🔥
https://x.com/BTC_Archive/status/1882902842878669000I find this pretty strange, maybe im wrong but..... its not against the idea/nature of the ETF itself?....
It is one of those "Rules for Thee..." type deals is my guess.
I try to read all posts sans the ignoreeze, and seemed to have missed this.
It was a good rant and hopefully someone listened, the last thing we need is TWO Fed Reserves Going Brrrrrrrrr, THAT would be a fucking nightmare!
I listened and tried to arrange the transcript into something readable. The way he was speaking, I probably should have just hit the CAPSLOCK but here goes:
"Okay! Emergency press conference!
Ripple is undermining American prosperity and freedom. I can confirm that Ripple is actively spending millions of dollars trying to undermine a strategic Bitcoin Reserve in the United States of America. This is not just an attack on Bitcoin but on principles of transparency, fairness, and national security. A Bitcoin strategic reserve would be one of the most important economic announcements in American history. I personally would put it on par with Nixon in 1971; however, it would be the first positive economic announcement that comes from the United States in the last 100 years.
In 1933, the US made an economic announcement that was: we're confiscating your gold. In 1971, the US made an economic announcement that was: we're divorcing ourselves from the gold standard - debase your money and inflate your life. In 2008, the US made an economic announcement that was: we are bailing out and protecting private corporations, banks, and Wall Street at the expense of you, the public. If the US goes on to make an economic announcement that is in support of a Bitcoin strategic reserve, it will not act against its people in the best interest of the public; it will do the opposite.
This is a money that is owned, operated, and governed by the people. Governments and corporations own a fraction of this network, but the people public owns it and had first access. This is about being pro-industry, pro-jobs, pro-energy, pro-growth, and pro-technology. This is about solving our deficits, this is about leaning into the future and investing in prosperity for generations to come. Equality, inclusion, the leader of the Free World adopting technology that promotes American ideals - a money that we don't control but that we support, which aids to solve our country's biggest problems and promote the world we want to see.
As Americans and its people now, Ripple is a for-profit company that prints its own token, XRP, and it is asking the US government to support its monopoly. I ask you this: why should the US government back a privately owned currency? This is Corporate lobbying disguised as innovation; this is Corporate lobbying disguised as tech growth, jobs, and industry. Ripple created all of its currency, issued it to themselves, and relies on the public to buy it. This is not the money for the people; this is not in the best interest of the public; this is in the best interest of a private Corporation. This is an economic announcement that would be like 2008, like 1971, like 1933 - this is against what this new Administration and President Trump stands for; this is against the best interest of the United States of America; it is absurd and ridiculous.
Ripple needs to stand down immediately. Not only are they undermining future prosperity and the United States benefiting from the technological innovation that is Bitcoin, but they are also trying to take advantage of the situation and benefit themselves. Call your representatives and demand an investigation into Ripple's lobbying efforts. Tweet publicly; post your comments publicly. I've begun fighting back. I will not stand for this. I am an American; I plan to have children and raise them in America. I will not let Ripple undermine our prosperity, freedom, and benefiting from Bitcoin - a neutral, fair money for the people, for the public. Because this isn't just about Bitcoin versus Ripple; it's about whether the future of money belongs to the people or to private corporations, and it is up to us to decide."
- Jack Maller
Poll
