So essentially, the government is turning the stablecoin into a digital dollar of sorts. The concern here is that this could delve into digitizing all currency and creating a CBDC. The act specifically provides the government with the authority to “block, freeze, and reject specific or impermissible transactions.”
https://www.armstrongeconomics.com/armstrongeconomics101/regulation/while-the-world-was-distracted-by-epstein/
https://www.armstrongeconomics.com/armstrongeconomics101/regulation/while-the-world-was-distracted-by-epstein/
So essentially, the government is turning the stablecoin into a digital dollar of sorts. The concern here is that this could delve into digitizing all currency and creating a CBDC. The act specifically provides the government with the authority to “block, freeze, and reject specific or impermissible transactions.”
https://www.armstrongeconomics.com/armstrongeconomics101/regulation/while-the-world-was-distracted-by-epstein/
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