Re:How this Ends
by kinghajj on Wednesday February 17, 2021 @03:57PM
(#26171666)
1. Central banks (at least, the US Fed) doesn't have the authority to declare crypto tokens illegal unilaterally.
2. EO 6102 made sense with the gold standard. It wasn't just an "FU" to gold hoarders, but a way to raise revenue to counter the depression. It's not clear to me that it would make sense for such a confiscation of crypto, especially if the legislature were to try option #1.
2. EO 6102 made sense with the gold standard. It wasn't just an "FU" to gold hoarders, but a way to raise revenue to counter the depression. It's not clear to me that it would make sense for such a confiscation of crypto, especially if the legislature were to try option #1.