GalaxyDigital Launches Financial Services For Crypto Miners

Forbes reporter Luke Fitzpatrick wrote today that DeFi could lead to federal adoption of CBDCs. According to the article, intermediaries are exploring ways to promote the benefits of blockchain-based tokenized currencies. Their solution to competing with non-sovereign Bitcoin is the central bank's digital currency, or CBDC. This year's DeFi boom appears to be a legitimate threat to mid-range banks. Innovators are fighting the status quo with taxpayers to save themselves. DeFi liberalizes global finance by transferring power from the grassroots to the individual. It is aimed at a large audience for various reasons. But the main drivers are unchecked freedom, investment, economic instability and new prosperity. DeFi is also profitable because the government is unable to effectively regulate the tax system on nonprofit trust funds.