A Bluesky comment
BREAKING: Cory Booker Says 25 Hour Senate Floor Speech Caused Him to Undergo Emergency Spine Removal Surgery Which Led to Him Voting For Stablecoin Bill
Gee - it's a real shocker that a typical performative dem is garbage.
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A Bluesky comment
BREAKING: Cory Booker Says 25 Hour Senate Floor Speech Caused Him to Undergo Emergency Spine Removal Surgery Which Led to Him Voting For Stablecoin Bill
Gee - it's a real shocker that a typical performative dem is garbage.
From what I understood based on the recent TrueAnon episode about cryptocurrency and stablecoins, this seems to be the ruling class consensus. The US is going to use the existing crpytocurrency, and specifically stablecoin (pegged to the US dollar) infrastructure, to compete with China's (and other countries') central bank digital currencies (CBDCs?).
And in 20 years they'll proclaim that CBDCs are "authoritarian" while their US-dollar-stablecoins are "decentralized and democratized" (indirectly and directly controlled by the US oligarchy). And maybe use it as an excuse for more sanctions or whatever against anyone who refuses to only trade in US-stablecoins. I'm sure it will be insufferable.
Basically I don't know if there's much of a point in trying to fight the whole stablecoin/cryptocurrency thing through the political system of the US. Alternative technologies (like China's Digital RMB) is probably what people will be looking at.
Cryptofash with cryptocurrency
Mark Warner is a dem??
Yeap.