So essentially, the government is turning the stablecoin into a digital dollar of sorts. The concern here is that this could delve into digitizing all currency and creating a CBDC. The act specifically provides the government with the authority to “block, freeze, and reject specific or impermissible transactions.”
https://www.armstrongeconomics.com/armstrongeconomics101/regulation/while-the-world-was-distracted-by-epstein/
So essentially, the government is turning the stablecoin into a digital dollar of sorts. The concern here is that this could delve into digitizing all currency and creating a CBDC. The act specifically provides the government with the authority to “block, freeze, and reject specific or impermissible transactions.” https://www.armstrongeconomics.com/armstrongeconomics101/regulation/while-the-world-was-distracted-by-epstein/
WWW.ARMSTRONGECONOMICS.COM
While the World Was Distracted by Epstein
While the world was distracted by the Epstein debacle, legislators introduced the GENUIS Act that would permit the US government to regulate stablecoins. The
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