Bitman on Nostr: Key Points of the Executive Order: “The Working Group will be tasked with ...
Key Points of the Executive Order:
“The Working Group will be tasked with developing a federal regulatory framework for digital assets, including stablecoins, and evaluating the creation of a national strategic reserve of digital assets.”
Summary: Support for #Bitcoin as a reserve asset, but I’ll follow legislative procedures. As for shitcoins, those who grease the wheels properly might get in.
“The Executive Order revokes the previous administration’s Executive Order on Digital Assets and the Treasury Department’s Framework for International Engagement on Digital Assets, which suppressed innovation and undermined U.S. economic freedom and global leadership in digital finance.”
Summary: The Democrats’ Choke Point 2.0 circus is over. My kids like crypto, and anyone who tries to persecute it will be crushed.
“The Executive Order prohibits agencies from taking any action to establish, issue, or promote central bank digital currencies (CBDCs).”
Summary: Central bank digital currencies? Hell no. That’s for authoritarian regimes. It won’t happen here.
“The Working Group will be chaired by the White House AI & Crypto Czar and include the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, and the heads of other relevant departments and agencies.”
Summary: I want everyone studying this #Bitcoin thing to avoid looking foolish like yuppies.
“The growth of digital financial technology in America must remain unhindered by restrictive regulations or unnecessary government interference.”
Summary: I said Choke Point 2.0 is over—if you didn’t catch it above, here it is again. Big Tech, you’re free to buy in because my whole family already did.
“The Working Group will be tasked with developing a federal regulatory framework for digital assets, including stablecoins, and evaluating the creation of a national strategic reserve of digital assets.”
Summary: Support for #Bitcoin as a reserve asset, but I’ll follow legislative procedures. As for shitcoins, those who grease the wheels properly might get in.
“The Executive Order revokes the previous administration’s Executive Order on Digital Assets and the Treasury Department’s Framework for International Engagement on Digital Assets, which suppressed innovation and undermined U.S. economic freedom and global leadership in digital finance.”
Summary: The Democrats’ Choke Point 2.0 circus is over. My kids like crypto, and anyone who tries to persecute it will be crushed.
“The Executive Order prohibits agencies from taking any action to establish, issue, or promote central bank digital currencies (CBDCs).”
Summary: Central bank digital currencies? Hell no. That’s for authoritarian regimes. It won’t happen here.
“The Working Group will be chaired by the White House AI & Crypto Czar and include the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, and the heads of other relevant departments and agencies.”
Summary: I want everyone studying this #Bitcoin thing to avoid looking foolish like yuppies.
“The growth of digital financial technology in America must remain unhindered by restrictive regulations or unnecessary government interference.”
Summary: I said Choke Point 2.0 is over—if you didn’t catch it above, here it is again. Big Tech, you’re free to buy in because my whole family already did.