Topic: Do not trust this devil woman, she wants Bitcoin dead - page 3. (Read 456 times)

She doesn't say that crypto is "transformative technology".She says that other people (the hardcore crypto supporters) are saying that crypto is transformative technology.This is a big difference.
I believe that she will always be anti-crypto,just like every central banker around the world.
She's just pretending to be neutral towards it,but that's hypocrisy.


She isn't even sharing her opinion about crypto,she's just saying what other people think.
This is just another clickbait news article,telling us nothing specific.
It would be great,if the US crypto regulations remain truly neutral,rather than hostile towards blockchain technology and the cryptocurrency industry in general.
The crypto industry should be treated as equal to the fiat financial industry.There shouldn't be any discrimination in the legislation and regulations.

coindesk is sister company to coinbase. which hates all regulation as it means more work. so there is some bias.

instead of reading coindesks snippits. actually try to read all the quotes that are said

EG
"Regulation should be tech neutral,” Yellen said. Drafting rules for crypto “should be guided by the risks associated with the services provided to households and businesses, not the underlying technology."

many twitter nuts try to convert snippets of certain things and then exaggerate them to mean something else. EG a new draft US law had taken out a 120day  thing in regards to implementing new rules that are not yet law.

twitter idiots read this as if yellen can now implement any rule she likes without a 120 notice
yet the reality is.. before the draft, the SEC could make a proposal law and implement its requires immediately 120days before its voted on.. and then extend it if the vote doesnt happen..
but with the new draft if accepted. taking out this 120day thing. means that they cannot enforce a proposal 120days before its even voted in.

yep the twitter nuts got things the wrong way round. the draft which certain idiots are pretending is bad, actually has benefits. it actually stops the SEC from implementing things at a whim and instead makes them have to only do things within existing, voted in law, seeking guidance from multiple departments if its fair and lawful before doing so

other twitter nuts are pretending that new laws are suggesting that software developers miners and full node users need to KYC each other. yet reality is that is not the case. only SERVICE PROVIDERS(financial brokers(EG exchanges)) need to be regulated and do KYC. not individuals that are not doing financial transfers as a business for a commission/fee

Janet Yellen does not like bitcoin and the cryptospace, we certainly know this already. However, why has she presently changed her opinion and began telling everyone through her speeches that crypto is transformative technology? I am very skeptical of this. I speculate that there might be a magic trick in the end where something like every American user in the cryptospace cannot sell their coins for fiat might occur hehehe.


Devil woman

Speaking to attendees at an American University event, Yellen highlighted the extreme divergence of perceptions about crypto, saying that’s often the case with “transformative” technology.
“Some proponents speak as if the technology is so radically and beneficially transformative that the government should step back completely and let innovation take its course,” she said. “On the other hand, skeptics see limited, if any, value in this technology and associated products and advocate that the government take a much more restrictive approach.”

Read in full https://www.coindesk.com/policy/2022/04/07/treasury-secretary-janet-yellen-calls-crypto-transformative-in-wide-ranging-speech/