What's the TL;DR on this Executive Order? #asknostr
nostr:note1m59ansdextjep8nlhanu79t2uw8a73dxjjfg0q8aw5uhcw3n8zeq6k3n2q
Discussion
The executive order is a working group to establish regulatory clarity on crypto.
Likely will create pathway for creators to register their tokens officially.
Hopefully leaves room for decentralised coins (Bitcoin) to be treated like commodities or money.
Rest will be unregistered securities?
But nothing on a reserve of any kind yet.
Also prohibits CBDCs.
I know this is an unpopular opinion, but I would prefer ecash 2.0 to credit cards if we must have fiat.
I get paid in sats. I think this particular CBDC is much better from a privacy point-of-view.
Of course, the geezers in charge have no idea what any of this is and I don't have any faith in Chaum's ability to sell this. The fact that he markets it this way means it is already dead in the water.