If the clear bill is stillborn, which idiot should bear the greatest responsibility for it? Let's start with the conclusion, which is Coinbase, this big idiot. After a long struggle, the clarity bill was suspended and put on hold on the eve of the final week's sprint. The Senate lowered its priority to the Russian sanctions bill, which is likely to be postponed until after the Congress adjourns. It is unknown when this postponement will be restarted The biggest advantage of this year has been stillborn. Many people think that Trump has been unwilling to compromise on moral terms, which has led to the waste of so much time. But in fact, if you comb the entire timeline, you will find that it's all his mother's the fault of Coinbase! From the smooth passage of the House vote last year to the intense promotion of a new version by the Banking and Agriculture Committees in January of this year, just as they were preparing to submit it to the Senate, Coinbase suddenly intervened and publicly opposed it. That stupid CEO @ brian'armstrong even tweeted that he would rather not have this bill, leaving the White House confused. In so many private meetings, you did not oppose it, but now you are about to step out and angrily curse Trump repeatedly. Why does Coinbase oppose it? The restriction of not allowing interest payments on stablecoins directly affects Coinbase's livelihood, as Circle gives nearly half of its annual income to Coinbase to subsidize customer acquisition. So from the perspective of Coinbase, it seems reasonable to oppose it, right? Okay, let's understand that Coinbase's efforts to fight for its own interests are understandable, and it dragged on from January to June, finally releasing a new version. At this point, you can see that stupid CEO constantly pushing up and down and calling for the clear bill to be passed. Those who don't know think he's really on the front line waving flags and shouting. So now you must think that the new version must have made a big compromise on the distribution of stablecoin profits, which is why Coinbase suddenly changed its attitude 180 degrees and is so motivated to push it through, right? Hahahaha, I'm really tired of being such a fucking fool. I've spent half a year wasting so much time, and the terms are more restrictive! In the January version, it was prohibited to receive passive interest solely based on holding stablecoins. However, at that time, the version left behind a very relaxed and wide-ranging active income, including but not limited to participating in activities, staking mining, providing liquidity, and many other contents. In principle, stablecoins should not be turned into bank deposits, and other things can be done, with a high degree of freedom. Then Coinbase, this big idiot, jumped out recklessly to oppose making the process unable to proceed. Half a year has passed, and the current version not only fails to lift the restriction on holding stablecoins to earn passive interest, but also imposes strict limitations on the scope of rewards for active activities! A supplementary statement has been added directly to the terms stating that "if a certain payment stablecoin payment method is economically or functionally equivalent to the interest/income of an interest bearing bank deposit, it is also not allowed. ” Hey, your mom got a Coinbase, you're such a clown! You shouted at the top of your lungs that you didn't support the relaxed version in January, and that you would rather not have this bill. You dragged it on for half a year, only to find that the restrictions became even stricter. Now you are shouting at the top of your lungs all day long that it must be passed. I'll ask you, are you stupid?! Coinbase, you compensate me for the bull market!