libertas primordium on Nostr: This bill is a Trojan horse to bootstrap stablecoins into the banking system. In a ...

This bill is a Trojan horse to bootstrap stablecoins into the banking system. In a few years everyone will unknowingly be holding and spending digital dollars with all of the features of a CBDC, and the government and central bank didn't have to build any of it, they just control the regulatory levers. They realized these companies were already building the rails for them and all they have to do is capture them with regulation and give the approved ones a green light into the financial system.

quoting
nevent1q…wr2g

Sen. Dave McCormick on FOX urges action on the Clarity Act: “The bottom line is it’s time to move… there’s been negotiations around ethics language… we need to get this to the floor and vote on it… I think this is the time to play offense.”