If donnie and pals get themselves inserted into the system like they apparently want to, it will be even worse than that, they will be making money all the time for no good reason.
I mean, even more than the billions they are already self-dealing.
Congress recently passed a trio of cryptocurrency regulation acts that may fundamentally shift U.S. monetary authority from public to private hands. Very few in Congress appear to grasp the magnitude of this legislation as there was healthy bipartisan support for two of the three bills—the GENIUS Act & Clarity Act—but there was a deep divide on the third and most important bill, The Anti-CBDC Surveillance State Act, which prohibits the Federal Reserve from issuing retail stablecoins, thus opening the door for private stablecoin companies to usurp the Fed’s monetary authority.
Behind the scenes, the Trump family has been building a crypto empire that centers around a stablecoin pegged to the U.S. Dollar that can be used to settle global transactions. The upshot: Congress has just given the Trump family the ability to act as the world’s de facto global currency reserve, and the opportunity to become the wealthiest family in the world.
USD is just another commodity to be bought and sold so yeah, crypto may undermine nation-state fiat currencies altogether and create private, corporate currencies to trade instead. What’s happening in America is absolutely insane.
If donnie and pals get themselves inserted into the system like they apparently want to, it will be even worse than that, they will be making money all the time for no good reason.
I mean, even more than the billions they are already self-dealing.
https://www.unftr.com/trump-stablecoin
USD is just another commodity to be bought and sold so yeah, crypto may undermine nation-state fiat currencies altogether and create private, corporate currencies to trade instead. What’s happening in America is absolutely insane.