Trump signs executive order promoting crypto

[neurosis]

Oh shit.  lol.

Now, does this pave the way for Crypo regulation? 

https://www.cnbc.com/2025/01/23/trump-signs-executive-order-on-crypto-digital-asset-stockpile.html

[mkd]

Even buffet getting in on it?

[Newbeeee™]

Incoming....CBDC's.... I told all y'all....

[neurosis]

Incoming....CBDC's.... I told all y'all....

Part of the EO. 

"(v)    taking measures to protect Americans from the risks of Central Bank Digital Currencies (CBDCs), which threaten the stability of the financial system, individual privacy, and the sovereignty of the United States, including by prohibiting the establishment, issuance, circulation, and use of a CBDC within the jurisdiction of the United States"


"Sec. 5.  Prohibition of Central Bank Digital Currencies.

(a)  Except to the extent required by law, agencies are hereby prohibited from undertaking any action to establish, issue, or promote CBDCs within the jurisdiction of the United States or abroad.

(b)  Except to the extent required by law, any ongoing plans or initiatives at any agency related to the creation of a CBDC within the jurisdiction of the United States shall be immediately terminated, and no further actions may be taken to develop or implement such plans or initiatives.

Sec. 6.  Severability.  (a)  If any provision of this order, or the application of any provision to any person or circumstance, is held to be invalid, the remainder of this order and the application of its provisions to any other persons or circumstances shall not be affected thereby."

[Newbeeee™]

Part of the EO. 

"(v)    taking measures to protect Americans from the risks of Central Bank Digital Currencies (CBDCs), which threaten the stability of the financial system, individual privacy, and the sovereignty of the United States, including by prohibiting the establishment, issuance, circulation, and use of a CBDC within the jurisdiction of the United States"


"Sec. 5.  Prohibition of Central Bank Digital Currencies.

(a)  Except to the extent required by law, agencies are hereby prohibited from undertaking any action to establish, issue, or promote CBDCs within the jurisdiction of the United States or abroad.

(b)  Except to the extent required by law, any ongoing plans or initiatives at any agency related to the creation of a CBDC within the jurisdiction of the United States shall be immediately terminated, and no further actions may be taken to develop or implement such plans or initiatives.

Sec. 6.  Severability.  (a)  If any provision of this order, or the application of any provision to any person or circumstance, is held to be invalid, the remainder of this order and the application of its provisions to any other persons or circumstances shall not be affected thereby."

Well....THAT seems VERY encouraging.....Hmmmm....
As always with all of this stuff (Convid response, 911 patriot act response etc), all these things have been pre-written, sat, waiting in the wings....because of time....

[Newbeeee™]

^^^^ Bucky LoLLing at my comment that all these responses were sat in the wings waiting....'cus he thinks 10000000 page docs can be written by the public service in a week or so, when it takes 3 months back and fro to query a parking fine

[Del.]

Just the name sounds scary. Not a fan of crypto.

[neurosis]

Just the name sounds scary. Not a fan of crypto.

Back in the beginning of bitcoin, I had some online friends who were trying to get me involved in it.  I saw it as a temporary fad didn't think it was going to go anywhere.  When people start talking about purchasing without traceability, they're usually talking about something illegal. I thought for sure it was going to get stomped on before it went anywhere and saw it as something not worth wasting my time on.

So the moral of this story, is to never take financial or technology advise from me. 

[JParis]

Sure, get your paycheck in crypto....

On payday it's worth $x,xxx.00
on Monday it's worth $xx.00

[Elmer Fudd]

Trump Bucks. Get in early. It's gonna be big.

[neurosis]

Sure, get your paycheck in crypto....

On payday it's worth $x,xxx.00
on Monday it's worth $xx.00

Back then, a bitcoin was worth cents. Today it's worth over $100k

I could have mined or bought $30 worth and retired early.  lol.

[SuperHoneyBadger]

Back in the beginning of bitcoin, I had some online friends who were trying to get me involved in it.  I saw it as a temporary fad didn't think it was going to go anywhere.

I have 2 friend of a friend anecdotes about the early days. One was offered 50 bitcoin for 100 bucks, thought it was a stupid idea and was worried about his card details getting stolen as he'd never bought anything online before. Other one, buddy guy lost/forgot his password for a wallet with Dogecoin in it, and could have sold for about $2 million.

It's the wild west still. I mean currency based on nothing? Who would think THAT could work...

[neurosis]

Who would think THAT could work...

I wouldn't think that anyone would. Apparently I'm not right in my thinking.   

[riverhunter]

i also missed the boat on early BTC.  But I did start adding BTC, Eth and SHIB during the pandemic.  I honestly looked at it as lost money.  Fast forward a few years and that wasted money is now a lot of money.  I still purchase BTC on a monthly basis, but that is the ONLY one i would hold long term.

[Jim at Gentex]

Other one, buddy guy lost/forgot his password for a wallet with Dogecoin in it, and could have sold for about $2 million.

I have a bro-in-law and a nephew who bought some bitcoin way back when it first started, only because my nephew was interested in it.  My bro-in-law invested around $10 at the time, when bitcoins were only valued at around 10 cents.

He had the keys stored on a thumb drive, and they both soon forgot all about it. 
Needless to say, that jump drive was either lost or it became corrupted and discarded. 
Probably 100 bitcoins, gone.

My bro-in-law regrets that to this day, but gone is gone.