
Cash equivalent: the third licence line this week
An accounting rule sounds like the dullest news of the week. It may be the most consequential.
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Sat, Aug 22

An accounting rule sounds like the dullest news of the week. It may be the most consequential.
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A $1.4 billion paper profit on 840,447 coins sounds like vindication. It's a gain of about 2%.
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This week Washington drew two licence lines, hosted the industry at the White House, and put a regulator on notice to write crypto's rulebook. Bitcoin rose 21%. It's tempting to connect them.
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