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Trump signs EO banning creation of Central Bank Digital Currency (CBDC)

Posted on 1/23/25 at 3:24 pm
Posted by Night Vision
Member since Feb 2018
18411 posts
Posted on 1/23/25 at 3:24 pm
Posted by GumboPot
Member since Mar 2009
138911 posts
Posted on 1/23/25 at 3:26 pm to
I think this is good. This is good, right?
Posted by ezride25
Constitutional Republic
Member since Nov 2008
26114 posts
Posted on 1/23/25 at 3:26 pm to
On the way home from davos
Posted by Night Vision
Member since Feb 2018
18411 posts
Posted on 1/23/25 at 3:27 pm to
Yes
Posted by tigersbh
Baton Rouge
Member since Oct 2005
12400 posts
Posted on 1/23/25 at 3:28 pm to
That’s good.

I think he will still get us into digital currency/currencies, just not controlled by the government.

Is anybody more up to speed on this stuff?
Posted by Night Vision
Member since Feb 2018
18411 posts
Posted on 1/23/25 at 3:28 pm to
Think he did Davos via video conf.
Posted by Timeoday
Easter Island
Member since Aug 2020
16962 posts
Posted on 1/23/25 at 3:28 pm to
quote:

I think this is good. This is good, right?


I think so. I hope I am right.
This post was edited on 1/23/25 at 3:28 pm
Posted by PUB
New Orleans
Member since Sep 2017
20604 posts
Posted on 1/23/25 at 3:28 pm to
Not the same as the Sovereign USA currency
Posted by Jack Daniel
Gold member
Member since Feb 2013
28387 posts
Posted on 1/23/25 at 3:28 pm to
But can be reversed by the next Democrat president.

We need laws, not EO’s
Posted by SpartanSoul
Member since Aug 2016
2544 posts
Posted on 1/23/25 at 3:35 pm to
quote:


But can be reversed by the next Democrat president.

We need laws, not EO’s


This is a step to setting up regulations and laws.

Full order.....


https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/
Posted by SpartanSoul
Member since Aug 2016
2544 posts
Posted on 1/23/25 at 4:41 pm to
quote:


I think this is good. This is good, right?


Reading the whole order, I think it is. It will mostly depend on what comes out of the Commission. Just getting the SEC under control and stopping the ridiculous lawsuits like Ripple's will be a big help.
Posted by ForeverGator
Elite 8 - 2020 Worst SECRant Poster
Member since Nov 2012
13818 posts
Posted on 1/23/25 at 4:47 pm to
Totally not influenced by all of the crypto guys wanting this. You know, the ones that gave millions to his campaign and had their own inaugural ball last week in DC.

They don’t want regulation and Trump doesn’t want it with his meme coin.

Wake up y’all.
Posted by Decatur
Member since Mar 2007
31469 posts
Posted on 1/23/25 at 4:48 pm to
When do we start selling our gold reserves for a bitcoin reserve?
Posted by UptownJoeBrown
Baton Rouge
Member since Jul 2024
6111 posts
Posted on 1/23/25 at 4:49 pm to
Well no shite. You think the Democrats don’t do shite for political payback?
Posted by Decatur
Member since Mar 2007
31469 posts
Posted on 1/23/25 at 4:49 pm to
quote:

Wake up y’all.


They'd rather not.
Posted by tide06
Member since Oct 2011
19915 posts
Posted on 1/23/25 at 4:50 pm to
quote:

I think this is good. This is good, right?


We were inches away from the government having control over our lives to a degree only the Chinese currently have.
Posted by ForeverGator
Elite 8 - 2020 Worst SECRant Poster
Member since Nov 2012
13818 posts
Posted on 1/23/25 at 4:54 pm to
quote:

Well no shite. You think the Democrats don’t do shite for political payback?


So because democrats do it, it’s ok?

None of it is ok.

The worst part is they’re doing that right to our face and people still choose to donate to the Trump family.
Posted by SpartanSoul
Member since Aug 2016
2544 posts
Posted on 1/23/25 at 4:55 pm to
quote:

They don’t want regulation


Read the order.
Posted by SpartanSoul
Member since Aug 2016
2544 posts
Posted on 1/23/25 at 5:07 pm to
quote:


So because democrats do it, it’s ok?

None of it is ok.

The worst part is they’re doing that right to our face and people still choose to donate to the Trump family.


You seem really wound up over crypto.

Ripple is one of the donors you are referring to and has been begging for regulations for years. That is the problem, there are no clear regulations, and the SEC has relied on "regulation by enforcement" which stops innovation and bankrupts smaller startups. Ripple has won its case, but the SEC has stalled all of the way and is still dragging out an appeal. Most companies/crypto foundations can't afford a multi-year legal fight.

And yes, industry people will have to have input. Crypto is a mystery to most people and I wouldn't want regulations written by people worried Guam is going to tip over.
Posted by ColdBloodUF
Member since Dec 2012
307 posts
Posted on 1/23/25 at 6:07 pm to
You would be winey little liberal hahaaaa
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