The Altpaclypse has started. The Stablecoin Wars have begun.

Here’s my take on the SEC and OCC action. With institutions entering the space Banks can no longer wish Bitcoin will just go away. And we’ve reached “governments must respond” territory. Whether they know it or not...

Banks are fighting for their lives. I think they know it. They have one play, stablecoins. But first they need clear the battle feild. XRP, XLM, and other bank wanna be coins are their first target. And they are easy targets. The SEC is already at it.

The OCC letter...

Permissions banks to use public blockchains, stable coins, or create their own. Which of these do you think they’ll choose?

Banks are now in the stable coin game. And they get to call upon all their buddies to back them. The are not going to flock to altcoins. It doesn’t...

matter how many times Roger Ver calls. Banks aren’t going to use BCH or whatever they will create their own.

JPmorgan was already talking about JPcoin like a year ago.

So now it will be a clash between bank supported stable coins. And all the bank silliness will come...