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BREAKING: French Hill Spouts Utter Nonsense About Defi, Probably Gets Paid by Crypto Bro to Do So – MUST SEE FOR ALL YOU NON-CRYPTO GULLIBLE IDIOTS OUT THERE!

Crypto NewsRegulation/Negotiation Doug Martinez September 16, 2024

A French Hill, dressed as a medieval knight with a 'Regulate' shield emblazoned on his chest, is charging towards an unsuspecting Biden administration official who's holding a large hammer labeled 'Rulemaking'. In the background, decentralized finance (defi) technologies are depicted as wild horses galloping freely through a landscape of blockchain networks. The scene suggests that Hill is trying to protect defi from being tamed by overzealous regulation.

} It seems we have another crypto apologist trying to spin a positive narrative about the wonders of decentralized finance (defi). French Hill, chairman of the House Financial Services Subcommittee on Digital Assets, is at it again, singing the praises of defi and warning us that regulatory actions by the Biden administration will stifle innovation. Let me tell you something, folks: this guy must be getting a fat check from some crypto bro to keep spewing such nonsense. Newsflash, Mr. Hill: just because your grandkids are using it doesn’t mean it’s not a scam designed for gullible idiots and criminals looking to make quick bucks off unsuspecting rubes. And don’t even get me started on the ‘permissionless’ and ‘transparent’ nature of defi – what a joke! It’s nothing but numbers on a computer, created from thin air by people who think they’re geniuses for figuring out how to create their own Ponzi schemes. Stay tuned for more!.

Source: bitcoin.com

Lawmaker Criticizes Biden-Harris Administration's Approach to Defi Regulation
https://news.bitcoin.com/lawmaker-criticizes-biden-harris-administrations-approach-to-defi-regulation
House Financial Services Subcommittee Chairman French Hill emphasized the need to understand decentralized finance technologies during a hearing. He criticized the Biden administration’s regulatory approach and urged Congress to keep discussions open on supporting defi innovation. Hill noted that current regulatory frameworks were created for a system reliant on centralized intermediaries, not the decentralized, peer-to-peer ecosystem enabled by digital assets and blockchain. The House Financial Services Subcommittee on Digital Assets, […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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