It is no secret that Democrats in particular hate financial innovation.
We recently reported that Biden was set to issue executive orders relating to the regulation of cryptocurrencies—something the federal government does not understand, and has no business regulating in the first place.
Cryptocurrencies evolved out of a need for privately controlled money, and as an antidote to the failed policies and outcomes of the state, central banking, and fiat currencies.
According to the latest reports, Biden’s executive orders regarding cryptocurrencies are being framed as a “matter of national security”.
What started out as ‘fake internet money’ is now seen as a threat to the deep state and its agents, as Hillary Clinton recently claimed.
Is this further proof that cryptocurrencies are actually working and achieving their core objective of freeing us from state control and decentralizing capitalism?
Take a look through these reports and come to your own conclusions:
Biden is trash! When will the Government ever keep their slimy hands out of things? Then there is the lie about it being a National Security issue! This is a raid on the coffers of Crypto!
LINK: https://t.co/Z9QDSBNrrB pic.twitter.com/It6IHNrBj8
— Dustin Crypto (@DustinPipz) January 28, 2022
President Biden is set to issue a national security memo in the next few weeks instructing government bodies to study #crypto as it pertains to national security, likely to inform further regulations. https://t.co/eNwrA9Uc14
— Cointelegraph (@Cointelegraph) January 28, 2022
According to this source, the national security memorandum, which is expected to be released in the next few weeks, would assign portions of the government the task of analyzing digital assets and putting together a regulatory framework that would cover cryptocurrencies, stablecoins, and non-fungible tokens (NFTs).
This makes me believe that Biden’s ”national security” concern related to crypto is likely about anonymous hardware wallets. Register wallets. https://t.co/EVZYVsZ2BG
— Anders 🏁🇪🇺 (@X__Anderson) January 28, 2022
Barron’s went even deeper:
The White House National Security Council would also be involved, the person said, since crypto has economic implications for national security. Along those lines, the administration would instruct agencies to work on harmonizing regulations of digital assets between countries.
“Because digital assets don’t stay in one country, it’s necessary to work with other countries on synchronization,” the person said.
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