God, family , truth, love, honor ,gratitude forgiveness. Keep inside the cart it's getting bumpy. God bless you all! #familyiseverything
@MJTruth
“MTG on CBDC’s
This week, the House is voting on the GENIUS Act which lays the groundwork for a layered Central Bank Digital Currency (CBDC) where Americans interact with stablecoins but behind the scenes there are the functional surveillance capabilities of a CBDC.
The bill as written does not expressly ban a CBDC and does not protect self-custody. Self-custody means that you control your own money, not a third party.
On Jan 23rd, President Trump signed an executive order on digital financial technology with two important clauses:
1. People will maintain self-custody of digital assets.
2. Banning agencies from establishing a CBDC in the U.S. or abroad.
The GENIUS Act does not follow President Trump’s executive order because it does not ban a CBDC.
House Leadership did not allow any amendments banning a CBDC. This should NOT be tolerated.”
is he not paying attention?
i understood...that the digital money would be ours..no mention of the central bank...meaning no fed reserve.
The issue is this ban needs to be in the law or the next admin could add with a simple EO. The bill w/o that IMO is worthless. CBDC = Central Bank Digital Currency. The ban was in Trump's EO but not included in the Bill making it codified into law! They would not even them add it as an addendum! Not good IMO!!
