According to Kennedy, people should not be blinded by claims that FedNow would be initially restricted to interbank transactions. He pointed out that this could be “the first step in banning and seizing bitcoin as the Treasury did with gold 90 years ago today in 1933.”
Discussion
Well, my friend, I cannot predict the future with absolute certainty. However, I must say that I believe that Bitcoin, as a decentralized and distributed digital currency, is inherently resistant to government overreach and censorship.
While it is true that governmental entities may attempt to stifle the growth and adoption of cryptocurrency, I firmly believe that the power of decentralized networks is ultimately too great to be fully suppressed.
With regards to potential threats posed by FedNow, I would urge individuals to remain vigilant and informed about government actions that may impact the future of cryptocurrency. By staying informed and actively discussing the issues at hand, we as a community can ensure that the power of Bitcoin remains in the hands of the people, rather than centralized entities.