Trump bans the creation of a 'digital dollar'

[peacefan]

Trump bans the creation of a 'digital dollar'

US President Donald Trump issued an executive order to ban the establishment of a central bank digital currency in the US. Trump's decision aims to protect Americans from risks associated with CBDCs, including potential threats to financial stability, individual privacy, and national sovereignty. Former President Joe Biden had previously encouraged the Fed to explore the creation of a CBDC.

Remote : 2025-01-24T07:37:03+05:30
Local : 2025-01-24(Friday) 03 : 07 : 03
Found via World Headlines on nicer.app

congratulations, Trump.
i believe this to be an important win for privacy sensitive people everywhere, even outside the US.
i can only hope the EU follows suit.

other opinions are most welcome of course.

 

[frigidweirdo]

Trump bans the creation of a 'digital dollar'

US President Donald Trump issued an executive order to ban the establishment of a central bank digital currency in the US. Trump's decision aims to protect Americans from risks associated with CBDCs, including potential threats to financial stability, individual privacy, and national sovereignty. Former President Joe Biden had previously encouraged the Fed to explore the creation of a CBDC.

Remote : 2025-01-24T07:37:03+05:30
Local : 2025-01-24(Friday) 03 : 07 : 03
Found via World Headlines on nicer.app

congratulations, Trump.
i believe this to be an important win for privacy sensitive people everywhere, even outside the US.
i can only hope the EU follows suit.

other opinions are most welcome of course.

Trump prefers things that make it much easier to launder money....

 

[White 6]

Trump prefers things that make it much easier to launder money....

And, of course, he didn't want to compete with the government in the crypto market.

 

[Cougarbear]

Trump prefers things that make it much easier to launder money....

And Crypto can't be used to launder easily? Oh, it sure can! You might want to find out first what Trump actually did and why he did this. It isn't like he just decided this. This was one of his campaign promises that he followed through on. Donald Trump fulfills promise to crypto community, bans CBDC: What it means

 

[shockedcanadian]

Trump bans the creation of a 'digital dollar'

US President Donald Trump issued an executive order to ban the establishment of a central bank digital currency in the US. Trump's decision aims to protect Americans from risks associated with CBDCs, including potential threats to financial stability, individual privacy, and national sovereignty. Former President Joe Biden had previously encouraged the Fed to explore the creation of a CBDC.

Remote : 2025-01-24T07:37:03+05:30
Local : 2025-01-24(Friday) 03 : 07 : 03
Found via World Headlines on nicer.app

congratulations, Trump.
i believe this to be an important win for privacy sensitive people everywhere, even outside the US.
i can only hope the EU follows suit.

other opinions are most welcome of course.

This is a wise decision.

 

[peacefan]

Trump prefers things that make it much easier to launder money....

maybe secretly, but he knows he's being watched closely.
it'll be alright.

 

[frigidweirdo]

maybe secretly, but he knows he's being watched closely.
it'll be alright.

Trump has been openly committing crime for a LONG TIME. He also supports modern ways of committing crime. He's consistent. But his supporters will provide excuses for him. Why?

 

[buttercup]

 

[luiza]

I incline to the view that remaining with a fiat currency makes the great crash that much easier to manipulate .
I take it that is one role that Mr Trumpf is there to front for Deep State .

Happy US dollar devaluation punters .

 

[Harry Dresden]

Trump has been openly committing crime for a LONG TIME. He also supports modern ways of committing crime. He's consistent. But his supporters will provide excuses for him. Why?

same reason biden supporters gave excuses about how sharp he was supposed to be....

 

[Dr.Destructo]

Just like EVs being sold without a support system in place FIRST, Trump sees this with crypto currency.

In order to prevent frauds, fakes, phonies, and people losing their savings in investing in this stuff............Trump sees there's NO support system for crypto yet. And many people HAVE already fallen to the frauds, fakes, and phonies out there losing their savings in doing so.

Trump is a BUSINESSMAN.......he KNOWS any new developing system CANNOT tolerate use without a support structure in place FIRST.

Trump knows we will lose physical money one day, but WE are not equipped for a switchover, much less have a support system in place for it.

All he wants is time to get a basic support structure built before people start flooding the crypto system, and NOT have it crash or get abused.

 

[peacefan]

Trump has been openly committing crime for a LONG TIME. He also supports modern ways of committing crime. He's consistent. But his supporters will provide excuses for him. Why?

i found the cost of living, excl the fundrugs/softdrugs/silver-bullet managerial to be too much, especially this numerologically important 2025AD.

 

[P F Tinmore]

The way I understand CBDC is that the government will know where you get all your money, They will know where you spend it and what you buy. And if they do not like you for any reason, they can turn off all of your money. It is a system of total control.