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White House to order broad review of cryptocurrencies

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Posted By: Hazymac, 3/9/2022 7:33:40 AM

WASHINGTON—The White House is set to release an executive order this week tasking several federal agencies with conducting a broad review of cryptocurrencies, including studying the creation of a U.S. digital currency, according to a person familiar with the matter. The executive order, which the White House is expected to reveal in the coming days, will task the Treasury, Commerce, State and Justice departments, among other agencies, with studying elements of the fast-growing cryptocurrency market, the person said. The agencies will have roughly three or six months to conduct a review and prepare a public report with recommendations for the federal government’s approach to digital tokens. Cryptocurrency is a name

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What could go wrong, besides everything?

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Reply 1 - Posted by: jhpeters2 3/9/2022 7:56:51 AM (No. 1094567)
Here it is. The next world currency won't be the dollar. Late to the party western governments are scrambling to figure how to profit corruptly for the next world currency. Instead of electronic computations and Soros' like speculation to base the currency's value, the next worldwide currency will be digital based on petrodollars, run by OPEC, why else would there be such a push to kill off the USA's oil reserves?
8 people like this.

Reply 2 - Posted by: Bur Oak 3/9/2022 8:14:32 AM (No. 1094592)
The Deep State is worried about anything they can't control.
12 people like this.

Reply 3 - Posted by: seamusm 3/9/2022 8:22:03 AM (No. 1094602)
Government establishment or approval of a specific crypto defeats its whole purpose and that is a currency immune to government control and manipulation. Not that crypto will ever be a stable currency. It is way too sensitive to political and market forces as we have seen with widely swinging value from day to day.
6 people like this.

Reply 4 - Posted by: gop_guys 3/9/2022 8:22:37 AM (No. 1094604)
The American dollar is the world currency of today. In the past it was based on integrity, confidence, resources, and obvious other factors. That integrity & confidence no longer exists. (30 trillion in debt) Our leadership is leading us down a worm hole. Amazing how much damage has been done in one year. China, Russia, India, Braille, and South Africa are working on an alternative world currency at this very moment. The way China manipulates their currency (Trump) it would be very bad for the US. Our leadership is too moronic to see. Heaven help us.
8 people like this.

Reply 5 - Posted by: Thos Weatherby 3/9/2022 8:42:43 AM (No. 1094630)
#4 But these swings are usually caused by those in the Government. If the people control the currency rather than the Government, these swings will significantly self correct. Crypto must be private. The Government doesn't want that so they can control you. I they can control the creation of money then they can control you. Crypto takes that away from them. The Central Bank needs to go.
5 people like this.

Reply 6 - Posted by: sw penn 3/9/2022 8:47:00 AM (No. 1094637)
"Crypto investor: Bitcoin is a long-term solution to broken financial system" What we do not control, we destroy... Long-term Solutions are solutions that cannot be turned off by pen or phone.
5 people like this.

Reply 7 - Posted by: LC Chihuahua 3/9/2022 11:31:47 AM (No. 1094897)
"White House to order broad review of cryptocurrencies" Translated, our government wants more money. Cryptocurrency hides wealth. They want to tax it.
0 people like this.

Reply 8 - Posted by: Dreadnought 3/9/2022 11:36:55 AM (No. 1094902)
This is about control. Think of it as an on/off switch.
0 people like this.

Reply 9 - Posted by: GoodDeal 3/9/2022 11:49:30 AM (No. 1094912)
This is the first step toward governmental regulation followed by the government creating its own cryptocurrency and banning all others. Part of the Great Reset. Look forward to the USDD US Digital Dollar. Then comes Universal Guaranteed Income if you just sign up get jabbed and boosted and a digitalvax pass then we will forgive your debts and give you peace of mind. Then you will get a social credit score and other things to control you and your life. But you will die prematurely because of the poison needle. But go ahead give up your free will mask up when you leave home social distance and buy extra hand sanitizer. You will feel safe and be happy.
0 people like this.

Reply 10 - Posted by: Marzon 3/9/2022 12:36:58 PM (No. 1094974)
Yep, and the value of your Digital Dollars will be automatically adjusted based on your Social Credit Score...and of course should you protest the actions of your benevolent government, the value will be reset to zero.
0 people like this.

Reply 11 - Posted by: RussZilla 3/9/2022 6:04:25 PM (No. 1095183)
Why not a return to the gold standard?
0 people like this.

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