@Tfmonkey
Clarity act made it out of the banking committee and now goes to the Senate,This is going to change how the financial systems of the world work
https://www.congress.gov/bill/119th-congress/house-bill/3633/all-info
@Tfmonkey Under the bill, the CFTC would receive exclusive jurisdiction over spot and cash markets for “digital commodities” — tokens intrinsically linked to a functioning, decentralized blockchain — while the SEC retains authority over investment contract assets and primary market fundraising.This will regulate the crypto markets.Im not certain how exactly the Bond market plays into it
This is what is being sent to the Senate it affects commodities trades,bonds,Bitcoin being taxed and Stable coins stacked in with commodity trades,the ability for sanctions
https://www.congress.gov/committee-print/119th-congress/house-committee-print/61638
@Scubbie @Tfmonkey
By your description, besides the obvious forcing stable coins to buy US bonds, all those measures are classic financial repression that happens when governments are trying to delay hyperinflation.
It's a classic playbook. There will be soon limits to exchange USD for other currencies, then parallel exchange rates (government rate and black market ones) and finally export controls, exit taxes and outbound travel restrictions/bans.
@Zeb @Tfmonkey This is not the final version but is bipartisan it is going to allow a private partnership with the government to export the digital dollar and it will be programmable,traceable and controllable.If you are using it for anything they aren't getting a cut off of or you are considered a terrorist they will turn off your money
@Scubbie is this the stable coin thing where the US is going to have stablecoin companies buy US bonds because nobody else will?