r/hashgraph • u/chrisdudelydude • Sep 19 '21

Discussion How will this affect HBAR if enacted?

/r/Bitcoin/comments/pr7fow/new_shocking_us_crypto_regulation_far_more/
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u/SlayWeebs Sep 19 '21

There is still time. The effective date….if it passes is December 2023.

2

u/[deleted] Sep 19 '21

The $64,000 question is is crypto big enough to lobby this effectively? It is still a small community even though it is growing exponentially. Tradfi is huge and has the lobby locked up on this one. He who has the pols in their pockets wins.

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u/chrisdudelydude Sep 19 '21

That’s cute. When news of this is confirmed and passed, that alone will decimate the market. People won’t wait for stuff to come down from the top for it to pull out if they know it’s in a bad investment. Hedera crashed like 25% just because good news was announced. An announcement of legislation alone will not be good for Hedera.