I’m not sure how that would close down the on-ramps, but I’ll keep listening. I have faith bitcoiners can invent ways to get around such things anyways.

My understanding with the treasuries though is that they’re only holding short duration bonds, nothing long term. I think I heard guy swann breaking that down

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The issue is that if they want the reserves they can seize them. They now control the stables. Its like not having your own keys but with the treasury.