Post Millennial: Biden administration to regulate Bitcoin, NFTs and cryptocurrencies as matter of 'national security' within weeks
The Biden administration has expressed its intent to develop a cohesive set of policies to regulate Bitcoin and cryptocurrencies as current legislation and enforcement are too scattered across the board – arguing that the move is a matter of national security.
According to Bloomberg, the White House will release an executive order in the coming weeks to task federal agencies with assessing the risks and opportunities posed by cryptocurrency. The publication reports that senior officials of the Biden administration held multiple meetings on developing the plan, with a full directive coming down from President Biden in a few weeks.
It’s set to come under the umbrella of national security efforts as the administration wants to analyze cryptocurrencies sand employ a “cohesive regulatory framework” that would cover Bitcoin, alt-coins, stablecoins, and even NFTs, Barron’s reported.
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WNU Editor: This has nothing to do with national security. This is all about controlling/limiting/and eliminating a competitor to government monetary/financial policy.
White House Wants To implement Crypto Rules
White House Wants Crypto Rules as a Matter of National Security -- Barron's
White House Is Set to Put Itself at Center of U.S. Crypto Policy -- Bloomberg
President Joe Biden Is Going After Bitcoin, Other Cryptocurrencies And NFTs -- Forbes
White House is set to put itself at center of US crypto policy -- Boston Herald
4 comments:
poor Biden, he wants to stop a river with his little hands.
Yes, they have fucked the dollar, so now they have to ensure there is nowhere left to run when the dollar collapses and the Great Reset happens. Hell yeah it's a "national security" matter--secure in the knowledge that everyone in the nation is equally fucked. "A finger in every pie, and one in every eye" should be the offical US motto.
Don't worry WNU Ed, your bragged-about silver bullion stash will be safe, won't it? Which shack in the woods is it in again?
The government can’t pass up the opportunity to tax something new.
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