It has NOTHING to do with infrastructure.
Quietly tucking unrelated laws into bills just to get unpopular stuff passed through is why people hate DC politicians.
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Here's the real reason why... It's mostly to stop the crypto nft dividend from the GameStop short squeeze and to stop the new GameStop CEO from completely making a blockchain based Wall Street trading system that would be absent of all the middle men and fraud.
Many elites and billionaires have heavily shorted GameStop. They all get together do this with their private little clubs for companies that they think they have the fix in on.
This is going to absolutely destroy the finances of not only many elites but also the global Banks unless they can stop crypto in its tracks until they can develop their own centralized system and implement it.
Yep. Datasinc just nailed it!
didnt they say the provision doesnt go into effect until 2023?
Doesnt matter, whose going to shift their stock to an exchange that would only be able to operate for a little over a year?
The only really unique thing about NFTs in the crypto world is that they're indivisible. Kinda like stocks. So if the GME NFT is a 1:1 share issue (a stock split has been mentioned) with the intent of recalling its stock on the NYSE the Hedge Funds and Banks are fucked, especially Hillary's favorite Goldman Sachs. Then what stops AMC or BB, who were/are also ridiculously shorted, from switching?
They're desperate to shut down crypto.
Fascinating. How much of this is speculation and how much was revealed by Matt Furlong?