Think in time it will do good to general crypto space. All marketing is good marketing and now with Luna problems i see crypto again in mayor news outlets. In time people will start to value safer investments and our SmartDefi with baseline value and locked liquidity could shine in that world.
i think this is all media theater to create a crypto dip. wall street is loading up, and once that happens crypto will be in another bull market. jmho.
i also think the stablecoin narrative is really "on the nose" since 1 month ago politicians were touting how important it is to create a US CBDC (central bank digital currency) which would be fiat-backed and can track all spending.
maybe they'll even tax users at the point of purchase or sale?
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