I suggest everyone read this EO in full. This is what the globalists want for us. You will see international influences mixed into the text of this EO. This is the next phase of the UN great reset. They want full control of all digital currency, monitoring and regulating it. Why do you think Biden hired 87,000 new IRS agents?
On March 9 2022 Biden signed EO 14067 called "Ensuring Responsible Development of Digital Assets" and supposedly it will go into effect in December.
This plan primarily focuses on Central Bank Digital Currency (CBDC) however it does mention current digital assets. This should be a big wake up call to all the people investing in crypto. This EO is filled with language that will monitor and regulate your use of crypto currencies. They are telling you they have the ability to control your crypto whether you want to admit it or not. They would not be talking about this if it were impossible to facilitate.
They claim regulatory control of digital currencies will help combat terrorism. The DOJ has already told you how they think white supremacy (MAGA) is the greatest threat to our country.
You also see that the push for this EO is somehow related to climate change and protecting the environment. Such nonsense.
Now, we have to assume this EO will never be implemented and this is just another attempt to show people the truth. (Democrats are in bed with the globalists and China) This EO was thrown out there to wake up the sheeple
Truthfully, this EO will be dead after the midterms. This is why the start date is in December.
Executive orders: Swift, powerful, and easily reversed
https://www.csmonitor.com/USA/Politics/2021/0128/Executive-orders-Swift-powerful-and-easily-reversed
Once we take control of both houses, this EO will be revoked and shut down along with the Biden fake presidency. Election fraud evidence is coming in hard.
Stay safe my frens!!!
WWG1WGA!!!
Exchanges are not required for Crypto to be usable. It is a decentralized technology that can be exchanged peer to peer.
A currency is only valuable if you can use it on goods.
If you ban exchanges, and regulate the peer to peer exchange as has been done with prescription drugs and guns already, usage will drop.
You won't be able to purchase anything you need imported, businesses won't sell you anything because they can't pay taxes with it and can't exchange it to a currency to help, and audits will almost immediately turn up any significant peer to peer exchange for real cash -- especially if ISPs were involved.
So, if you can't exchange across the internet, that leaves cold storage. Cold storage can range from fragile (SSDs/M.2 sticks) to more durable but less reliable options (USB sticks).
But then you may end up having to use Linux to avoid Windows telemetry reporting crypto usage to the government -- except, Linux is starting to exhibit similar inroads to data collection that Windows uses.
So then you have to use forks, which can also be silently corrupted without your knowledge by the time you have to do a clean install.
Honestly, crypto as a currency relies on exactly how hard our government wants to suppress our rights.
If the global governments actually made a concerted and cooperative effort to stop the trade of crypto currencies, they could.
They may not stop all of it, but they can destroy enough incentives and oppressively go after businesses who have finances that don't line up to intimidate the vast majority.. which tanks value further.
It's absurdly short sighted to not list even a small myriad of ways the government can increase crypto volatility and make it unattractive for most people.
It's as viable as Zimbabwean dollars in Venezuela when you need to pay off the government for their "protection"
Check out Reggie Middleton's technology, he has the patent on trustless transactions that don't require a middleman. His coin is Veritaseum.
Amen.
Dont worry bro all the people who downvoted you are people who dont understand crypto but think they do