Stablecoin Transparency Act

The year 2023 will be an interesting year for crypto. We are going to see something interesting at Devos this year, which occurred in mid-January every year the global gathering has a new theme. Just like we had global warming and then it became globalization. We are going to see crypto at the top of the list of what is been discussed by bankers around the world. The discussion will be centered around the payment system. When we discuss ACH transfer between banks or the Swift International transfer, these companies were private sector years ago and they were strongly regulated by global governments.

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For the first time now, assets like stablecoins could carry out that duty of international payment transfer in a more transparent, more auditable, fast, and cheaper. We are going to see company-like Circle headlines at that event and also going to see a lot of crypto-based discussion at a global level with the government around the world as they try hard to find some kind of policy and regulation and stablecoin transparency act is at the forefront of that. This will definitely be after the mid term US and i think law marker will help the crypto policy.

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I think the current rally in the market is a fake out with month pain to come in the month ahead federal reserve continues to fight against inflation. Many people don't like the fed and most especially the fed chairman but you have to know that you can make everybody happy. Right now, what the federal reserve needs are some indication that the rate of increase of inflation is slowing. That is what we need right now but we do not have that quite yet. There is a narrative in the market that people should understand, it is about how CPI data is gathered. 40% of CPI data is housing and housing is a very slow index, it will take about 18 months for it to start having a huge effect on it.

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Inflation is self-inflicted by the fact that the US is beginning to slow down cooperation with global suppliers, disagreeing with the Chinese and cutting off their chips. We can diversify our portfolios because that is the only free lunch investment. I think pivoting is part of the DNA of a successful entrepreneur because data change all the time. There are a lot of things happening domestically and around the world, you just have to look every day is occurring to be able to the right decisions. A good entrepreneur gathers data and remains flexible, use that new data, and charts the path of least resistance. You just have to trust your decision-making because it doesn't trust your decision-making, that is when things go wrong.

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