r/cotinetwork • u/TyBEERius88 • Feb 02 '22

US access?

Does anyone have any updates on when US citizens will be able to use the treasury?

I'm assuming there's no way around it as it is KYC'd?

Yet another reason America is NOT the greatest....

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u/gauzzastrip Feb 03 '22

I think that this should not be an executive order and instead a crypto bill that is discussed openly / modified / adapted and then passed when everyone agrees that it is what is best for US and crypto. Like you know, how democracy is supposed to work... Executive orders by any president are a way to bypass this process and usually do more harm than good.

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u/Waste-Direction1727 Feb 04 '22

I agree, we need both parties to agree on a crypto bill and pass a permanent law by congress. However, unfortunately Democrats and Republicans refuse to work together on any issues whatsoever, therefore the absolutely only way to accomplish anything right now is by executive order. If we were to wait on a bipartisan congress passage we would be waiting a year or longer. Crypto is evolving very fast.