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Would the STABLE Act Make Running an Ethereum Node Illegal?
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Updated Dec 9, 2020 at 8:24 p.m. UTC
Would the STABLE Act Make Running an Ethereum Node Illegal?
Last week, Congresswoman and “Squad” member Rashida Tlaib (D-Mich.) sent Crypto Twitter into a tizzy with the following proposal:
The bill’s academic/think tank proponents followed up with posts such as this:
There’s a lot to unpack here and a lot of crossed wires, mostly due to (I suspect) the fact that the proponents of the bill are MMT theorists and not engineers. While they may have fairly elaborate theories about what function cryptocurrency serves (and in particular how it has the potential to undermine their macro strategy of money printer go brr), they may have a somewhat looser grip on how cryptocurrency actually works. ....

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