Trump prohibits development of US Central Bank Digital Currency (opens in new tab)

(whitehouse.gov)

20 pointsracked1y ago4 comments

4 comments

teractiveodular1y ago

The degree of ideological doublethink here is bizarre. As far as I can tell:

- Crypto is good

- Fiat currency is bad

- Except the US dollar, which is good

- So US-dollar backed stablecoins are also good

- But we can't have the Fed operate a stablecoin, that would be bad

wmf1y ago

Crypto doesn't have one ideology (and Trump has no ideology). The "number go up" faction isn't opposed to fiat. Many libertarians think that only the government can harm them so they only want to limit government power; they're fine with corporate power. Put that together and you get the current situation.

teractiveodular1y ago

CBDC = Central Bank Digital Currency. Can we edit the title accordingly?

rackedOP1y ago

Done.

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