What is going on in the US? Why are politicians trying to push crypto to other countries? We embraced the Internet, even though it transformed our retail economy. Now we’re trying to stop crypto and/or pushing it overseas to keep it from transforming our financial economy. This seems very shortsighted and very authoritarian. Scary!
Discussion
What are here chances of succeeding? There seems to be a number of pro-Bitcoin politicians too.
Tom Emmer seems to be one of those pro-crypto politicians. The tide seems to be turning towards the anti-crypto crowd, so it remains to be seen how this is going to play out.
Be a real shame if all the banks ended up on the Fed’s balance sheet and every depositor now had an account owned by the Fed..
Just wipe out the economy bit by bit so you control it and don’t have competition. First mover advantage in the West is the US pushing to CBDCs, how many countries will they bail out and dollarise thus putting western citizens on a USD CBDC?
Completely agree. That could be exactly what is going on. CBDC is definitely about control.