Earn 6% APY on USDC + a chance to win $50K+ in prizes every week with PoolTogether!
Dear Bankless Nation,
I don’t usually call my Senators but I did yesterday.
Cause I’m mad.
Here’s the TLDR;
Janet Yellen and U.S. Treasury are trying to sneak crypto surveillance laws into the Infrastructure Bill to kill crypto in the U.S. and some Senators are helping them do it.
Here’s a thread summarizing all this.
I’m mad because they’re doing this without the consent of the people. I’m mad because they’re crippling U.S. innovation. I’m mad because because these boomer elites keep finding new ways to trap us in their broken system while they continue to extract.
There’s a way to provide effective regulation for crypto but this ain’t it.
The Senate votes today.
I told the staff who picked up my call that I work in the blockchain industry. I asked them to prevent expanded financial surveillance without the consent of the people. I asked them to protect our digital rights. I asked them not to kill innovation in decentralized finance. I asked Senator Warner to ignore the Treasury pressure and withdraw support for his watered down amendment.
Why go to this trouble? America can’t determine the fate of crypto.
Make no mistake—crypto will happen with or without the U.S.
I’m confident of that.
But I also believe the U.S. will eventually come around to crypto.
“Vote Yes on the Wyden-Toomey-Lummis amendment” I said to the staffers. “America can’t afford to lose the digital asset race.”
As I ended the call I told them I didn’t just represent myself.
I represented 70,000 of us in the Bankless community.
It’s that last line that gives me hope.
Anyway the market’s up. 🤷
Here’s what’s happening next week….
Podcast on China’s Digital Currency Revolution (early access here)
New tactic on how you should approach the boom in generative art
Ben’s doing an analysis on Lido
Enjoy the weekend.
P.S. If you’re a Premium subscriber check out the Early Release of our incredible episode on China’s Digital Currency Revolution—while the U.S. sleeps China’s playing to win.
Recap for the week of August 2nd, 2021
🎙️WEEKLY PODCAST EPISODE
ACTION RECAP 📚
Execute any good market opportunities you saw in Market Monday
Prepare for The Data Wars 🔥
WATCH & LISTEN 🔊
🎙️ Listen to Inflation in 2021 | Lyn Alden
📺 Watch The London Hardfork Livestream!
BANKLESS DAO 🏴
Weekly Subscriber Perks 🔥
Bankless Premium Members get access to perks like these:
Full Access: Punk’d | Market Monday
Early Access: China’s Digital Currency Revolution | Richard Turrin
Alpha Alert: DYDX Airdrop
Launch your own raffle for Bankless Badge holders! Go ahead. We can’t stop you.
📺 Watch EIP 1559 Expert Panel
We’re now live streaming State of the Nation—join us at 2pm EST every Tuesday!
🗞️ Latest Weekly Rollup.Download the crypto meta to your brain in this weekly show.
Jobs opportunities 🧑💼
✨ See all listings on the Bankless Job Board✨
Arbitrum is hiring a Software Engineer (all levels qualify)
🙏Thanks to our sponsor
Aave is a decentralised, open source and non-custodial liquidity protocol enabling users to earn interest on deposits and borrow assets. Aave Protocol is unique in that it tokenizes deposits as aTokens, which accrue interest in real time. It also pioneered Flash Loans and Credit Delegation as innovative DeFi building blocks. The Aave Protocol V2 makes the DeFi experience more seamless with features that allow you to swap your assets for the best yields on the market, and more. Check it out here.
Tag Bankless on twitter and tell us how you’re going bankless for 3 x 🔥
This EIP 1559 dashboard is 🔥 🔥 🔥
Want to get featured on Bankless? Send your article to email@example.com
Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.