I want to put aside the staking provider conversation to focus on the consequences of policies aimed at Paxos and stablecoins instead. With stablecoins as the focus, the White House’s sentiment encapsulated in the above quote is perfect, and you’d be hard-pressed to find anyone who could argue against it in good faith. Expanding access to sound financial services empowers people, which raises the quality of life across the board. But sentiment needs to be met with action to mean anything.
The SEC Is Taking Aim at Paxos and (Annoyingly) It’s Good For Bitcoin
