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Biden Administration To Publish Government Strategy On Crypto



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 4 months ago '19        #1
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The Dogefather  topics gone triple plat - Number 1 spot x25
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Biden Administration To Publish Government Strategy On Crypto
 

 
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The Biden Administration plans to release a government-wide strategy on digital a*sets as soon as next month, according to a report from Bloomberg.

Citing sources familiar with the matter, Bloomberg says that federal agencies have been tasked with weighing out the risks and benefits of digital a*sets in a series of meetings which will be used to issue an executive order.

Per the report, the late-stage draft of the executive order details “economic, regulators, and national security challenges posed by cryptocurrencies,” according to people who asked not to be named who are in participating in the deliberation. It would also “call for reports from various agencies due in the second half of 2022.”

Bloomberg says that one study would come from the Financial stability Oversight Council, a top regulatory agency in Washington consisting of federal and state regulators, as well as an independent insurance expert appointed by the President. An additional government report will look at illicit use cases for “virtual coins.”
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“Meanwhile, the directive would also require other agencies to weigh in — carving out roles for everyone from the State Department to the Commerce Department. Some of those tasks will be meant to ensure that the U.S. remains competitive as the world increasingly adopts digital a*sets.

The administration’s plan, including the directives in the order, could be further modified before it’s finalized, the people cautioned.”

Bloomberg’s report highlights Washington’s continued effort to shine the spotlight on cryptocurrencies. Last week, the Federal Reserve released a highly anticipated report on digital a*sets detailing the pros and cons of central bank digital currencies (CBDCs), and the rise of digital money.

Though no direct positions were taken by the Fed, it did present a generally open-minded outlook on the digitization of the financial system.

“As such, [a CBDC] could provide a safe foundation for private-sector innovations to meet current and future needs and demands for payment services. All options for private digital money, including stablecoins and other cryptocurrencies, require mechanisms to reduce liquidity risk and credit risk.”
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 4 months ago '19        #2
The Dogefather  topics gone triple plat - Number 1 spot x25 OP
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BX Crypto @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @yI3 @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @spchaingang @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @andblade @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ dionedre3000 @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @iboog1423 @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @mynewsh*t @ @ @ @ @ @ @coolestg @ @ @kui @ @ @ @ @ @ @ @ @ @ @ @ @ @ @w187 @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @llash @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @


Last edited by The Dogefather; 01-24-2022 at 04:27 PM..
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 4 months ago '19        #3
aaf192020  topics gone triple plat - Number 1 spot x3
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Biden is anti-crypto. His policies us the Federal Reserve trying to tackle inflation is crippling crypto.

Crypto is my retirement fund so I'm not worried. I've explained it to my kids and wife how and when to cash out of I'm not around.
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 4 months ago '19        #4
The Dogefather  topics gone triple plat - Number 1 spot x25 OP
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 aaf192020 said
Biden is anti-crypto. His policies us the Federal Reserve trying to tackle inflation is crippling crypto.

Crypto is my retirement fund so I'm not worried. I've explained it to my kids and wife how and when to cash out of I'm not around.
Smart man
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 4 months ago '18        #5
Dehone 
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Though no direct positions were taken by the Fed, it did present a generally open-minded outlook on the digitization of the financial system.


Well yeah, so it can be centralized and likely take away the anonymity
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 4 months ago '21        #6
BlaqPanfa 
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If every country adopts digital currency, what happens to all the banknotes & coins?

Or will they use both?
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 4 months ago '16        #7
Ghostface Killa  topics gone triple plat - Number 1 spot x1
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Ultimately they'll move to adopt and switch all currency over to digital.


At that point, they will be able to monitor every single transaction and shut n*ggas down if they see fit
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 4 months ago '20        #8
Born Bad 
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Can't Have jack! They don't want their citizens to come up without getting a piece
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 4 months ago '20        #9
Ecnarongi 
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 Ghostface k*lla said
Ultimately they'll move to adopt and switch all currency over to digital.


At that point, they will be able to monitor every single transaction and shut n*ggas down if they see fit
This is kinda scary if you wear a tin foil hat, because if they want to erase your a*sets all they do is have to label you a terrorist or "enemy of the state" or any goofy sh*t they make up and POOF!! all your buying power is gone.

Some tin foil hat dudes predicted this would happen, sad that it's looking like it inevitable.
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 4 months ago '11        #10
Tony Franks  topics gone triple plat - Number 1 spot x2
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 BlaqPanfa said
If every country adopts digital currency, what happens to all the banknotes & coins?

Or will they use both?
all the billionaires will invest in the coin they were told will be used by the govt. And the dollar will be allowed to go to sh*t. Another transfer of wealth from the poor to the wealthy
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 4 months ago '18        #11
BlackjesuS  topics gone triple plat - Number 1 spot x1
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My sis works for the fed...in her dept they started this 2 weeks ago
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 4 months ago '06        #12
Doe Sun 
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god forbid you allow access to the common folks so they don't have to pay banks fees after fees

it's like - we as a country want a simpler tax system. but if you make it too simple, the CPAs and accountants will cry and probably lose a lot of jobs so our society will just continue to add layers and layers of unnecessary bureaucracy that will never be purged.

 4 months ago '16        #13
Ghostface Killa  topics gone triple plat - Number 1 spot x1
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 Ecnarongi said
This is kinda scary if you wear a tin foil hat, because if they want to erase your a*sets all they do is have to label you a terrorist or "enemy of the state" or any goofy sh*t they make up and POOF!! all your buying power is gone.

Some tin foil hat dudes predicted this would happen, sad that it's looking like it inevitable.
The bible predicted it



Revelation 13:17 NIV
so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name.


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 4 months ago '21        #14
BlaqPanfa 
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@ remember that “conspiracy theory” comment I made? Read this thread & the comments. What I said might make more sense to you after. But it’s deeper than that

 4 months ago '21        #15
brazidizzle 
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 aaf192020 said
Crypto is my retirement fund so I'm not worried.
@ @
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 4 months ago '17        #16
justin747  topics gone triple plat - Number 1 spot x5
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 brazidizzle said
@ @
 aaf192020 said
Biden is anti-crypto. His policies us the Federal Reserve trying to tackle inflation is crippling crypto.

Crypto is my retirement fund so I'm not worried. I've explained it to my kids and wife how and when to cash out of I'm not around.
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 4 months ago '06        #17
Kick Dayez 
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 justin747 said



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