With the GENIUS Act being signed into law today, the CLARITY Act is the next major piece of crypto legislation on the docket.
I sat down with nostr:npub185h9z5yxn8uc7retm0n6gkm88358lejzparxms5kmy9epr236k2qcswrdp to discuss how CLARITY protects developers of non-custodial Bitcoin and crypto tech and why it’s essential that it passes.
Full interview:
Hey Frank, do you think its possible stablecoins will essentially be semi-private CBDCs?
Kind of like how our banking system is technically private, but the government has (afaik) full surveillance capability into everyone's accounts and the ability to freeze funds if they chose to (via telling the banks to do so).
I feel like this genius act (along with the yelling about NO CBDCs) may just be a sly roundabout way of establishing a public-private partnership CBDC that they can claim is private.
Lol. Possible? Guaranteed.
