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Re: GoldRu$$H post# 10674

Monday, 04/19/2021 9:33:47 PM

Monday, April 19, 2021 9:33:47 PM

Post# of 21269
Should have put quotes around that blurb. That was snipped from an article and not my own thoughts. I have always thought the SAFE Banking Act always had a better shot than the MORE Act to get approved first. Mostly because politicians like to baby step...or bread crumb...everything but also because, at its surface, this appears more as a banking bill. The thing is, and my own thoughts here (hopefully I am wrong), if passed it will take the banking industry a year or longer...because the banking industry doesnt do anything fast...to set the rules/regulations surrounding how to loan to the industry. During that time I would assume most banks probably wont loan to the industry out of fear they misinterpret the law and risk their FICA status. Also, if approved, the govt might not move as fast, or at all, on federal legalization because they might use the bread crumb excuse and give the banking industry time to get involved.
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