willcole on Nostr: Any executive order-that you don't want immediately reversed by a future ...
Any executive order-that you don't want immediately reversed by a future administration-requires legislation to have a lasting impact. The SBR was never going to be a one and done order that put the United States on the right track. The SBR legislation from Senator Lummis has the long term vision of what a reserve could achieve for the country, and is not reliant in any way on an executive order. The right kind of executive order could help for sure, but is not necessary.
The bitcoin centric nature of the legislation comes down to credibility in achieving objectives for the United States that isn't bettered by adding centralized altcoins into the reserve. The reckless spending of my lifetime-and subsequent debt crisis we find ourselves in-can be eased by the United States adopting bitcoin in a reserve fashion. It's a low time preference plan that only works with a monetary asset with a fixed supply and unchanging monetary policy. There's only one of those in existence.
The SBR is far from dead, and doesn't need an executive order to succeed. Any EO with a basket of crypto is extremely unlikely to find any companion legislation and wouldn't achieve the time horizon necessary to have an impact.
The bitcoin centric nature of the legislation comes down to credibility in achieving objectives for the United States that isn't bettered by adding centralized altcoins into the reserve. The reckless spending of my lifetime-and subsequent debt crisis we find ourselves in-can be eased by the United States adopting bitcoin in a reserve fashion. It's a low time preference plan that only works with a monetary asset with a fixed supply and unchanging monetary policy. There's only one of those in existence.
The SBR is far from dead, and doesn't need an executive order to succeed. Any EO with a basket of crypto is extremely unlikely to find any companion legislation and wouldn't achieve the time horizon necessary to have an impact.