Quick thoughts:

1. The Stablecoin Act has not passed Congress yet and we don’t know what’s in it
2. It’s going to take many years, probably decades to switch over to DLT
3. The banking elite won’t take this sitting down. They will fight.
4. One way to fight is to crash the economy and buy up people’s assets for pennies on the dollar. Assets like houses, stocks and crypto.
5. One thing people are missing in this thread: Tokenization allows crypto to be backed by gold, which fixes gold’s problems as a monetary base by allowing to be sent across the world in seconds and divided down to fractions of a penny. Congress would have to do that itself for it to be fully constitutional.
6. Congress creating its own gold-backed crypto token (presumably on Ethereum) is probably a ways off.
7. I don’t trust Ripple (XRP) fanboys