Lmst

Good luck resolving all this Crypto stuff!

U.S. House of Representatives indicate they will consider 3 crypto bills July 14-18 in "Crypto Week". A crypto market structure bill, a stablecoin bill and a bill on central bank digital currencies (CBDCs).

Key issue to resolve = differences between the GENIUS and STABLE Acts, namely oversight. The STABLE Act stipulates strict federal oversight of stablecoin issuers while the GENIUS Act allows for state supervision.

They will attempt to clarify the jurisdiction SEC vs. CFTC have over crypto and clarify registration, disclosure, customer asset segregation and record keeping rules. https://cointelegraph.com/news/us-republicans-declare-crypto-week-to-mull-3-crypto-bills #Crypto #CryptoCurrency #stablecoins #CBDCs #SEC #CFTC #USGov #CryptoWeek #Regulation #CryptoRegulation

Image = https://unsplash.com/@kanchanara

US Republican House leaders plan to consider three key crypto bills during #CryptoWeek starting 14 July: The bills focus on #stablecoins, #cryptomarketstructure, and #centralbank #digitalcurrencies (#CBDCs). The House is expected to prioritise the Senate-led #GENIUSAct over its own #STABLEAct, aiming to deliver on #Trump’s #crypto-focused #campaign promises. https://cointelegraph.com/news/us-republicans-declare-crypto-week-to-mull-3-crypto-bills?eickercrypto.com #crypto #blockchain

South Korea Pauses CBDC Efforts Amid Stablecoin Excitement

The Bank of Korea is reportedly suspending its digital currency program amid increased stablecoin enthusiasm. The central bank (BOK) has…
#Economy #BankofKorea #CBDCs #centralbank #CentralBankDigitalCurrency #CentralBanks #cryptocurrency #digitalcurrency #News #PYMNTSNews #stablecoins #What'sHot
https://www.europesays.com/2207737/

I’ll be honest: I still think central bank digital currencies (#CBDCs) are nonsense. Digital currencies and #cryptocurrency are inefficient solutions but inefficient in order to be independent, distributed, without central control. So the whole notion of having one which is controlled by a central bank is an oxymoron and adds very little end user value.

Happy to be proven wrong, happy to hear what the case is. But it’s 17 years since #bitcoin launch and CBDCs have had zero impact.

gm

#CBDC #meme #memes #uspol #crypto #CBDCs #banking

meme: Not Sure from Idiocracy talking to president camacho with text "Me trying to explain to bitcoiners how crypto and CBDCs are two sides of the same coin"

#SCTP14: #CBDCs

Crypto bros love to suggest that the central banks will be adopting some sort of #blockchain technology called "CBDCs." This is a desperate attempt to suggest their useless technology has use-cases.

No son #Criptomonedas: A diferencia de #Bitcoin o #Ethereum, las #CBDCs están reguladas y respaldadas por el gobierno.

The executive order noted that #CBDCs "threaten the stability of the financial system" and also calls into question negative effects on "individual #privacy," thus the issuance, establishment, and use of CBDCs within the U.S. is prohibited.
https://www.ibtimes.com/trumps-digital-asset-eo-no-cbdcs-yes-blockchain-crypto-participation-without-persecution-3760717

“#CBDCs face widespread backlash”
https://cointelegraph.com/news/bis-consultative-group-proposes-retail-cbdc-architecture

Top 10 Fintech Trends for 2025: #AI, #GreenTech, #CBDCs & More

Discover how AI, sustainability and evolving consumer needs are transforming fintech in 2025, from wealth management to CBDCs and automated banking

https://fintechmagazine.com/articles/top-10-fintech-predictions-for-2025

#FinTech #FinServ #Banking #WealthTech #WealthManagement

🏦 Even central banks are losing faith in #CBDCs | @financialtimes

"governments and central banks would have to agree on who to license as authorised CBDC dealers. Regulators would have to oversee their dealings, ensuring that their inventories of the relevant CBDCs were adequate. Central banks would have to stand ready to act as liquidity providers of last resort. All this would require the equivalent of the Basel Committee on Banking Supervision, but on steroids"

https://archive.is/2024.11.26-201126/https://www.ft.com/content/e50d0d40-a670-4ee7-b734-5f0ee3375aeb

@olson.walter I'm #libertarian leaning &I have NO faith that former Pres #Trump would follow through with things like leaving #Cryptocurrency alone. When he first mentioned it, it sounded like he supported #CBDCs, until someone told him we don't like that. He'll say anything. He's openly supportive of dictators who rule "with an iron fist." I would not vote for VP #Harris if there were a viable libertarian candidate, but Kamala Harris is far-and-away the best choice for libertarians.