i think we will see half a dozen or so cryptos act as neutral assets that facilitate payments and financial settlements using the new Treasury dollar... basically the cryptos will help DJT divorce the USA from the Fed.
Also the cryptos will help the U.S. do trade with foreign countries that don't necessarily want us to pay them in US dollars.
i think this is the right move. notice it's morphed from the 'Bitcoin reserve' to the 'digital asset reserve'.
So we probably see some of the large, U.S.-based, ISO-compliant cryptos included too: ADA, HBAR, XRP, XLM....
Yes, and XRP, XLM, HBAR are all US based.
i think we will see half a dozen or so cryptos act as neutral assets that facilitate payments and financial settlements using the new Treasury dollar... basically the cryptos will help DJT divorce the USA from the Fed.
Also the cryptos will help the U.S. do trade with foreign countries that don't necessarily want us to pay them in US dollars.
https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/
Not promising. Bitcoin crashing on the news. Basically punted on all the big questions.
How is this any different from the CBDC - that he just made an EO for that will not be happening. I don’t understand this financial industry.
CBDC owns all it creates. Not so with other coins that are privately owned. As far as I understand.....
Thx 🙏