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   Molly White (molly0xfff@hachyderm.io)'s status on Friday, 24-Jan-2025 06:12:10 JST Molly White

   My immediate thoughts: this is mostly symbolic. The revocation of the previous EO doesn't do much (because the prev EO didn't do much), and although a lot of people have blustered about banning the creation of a CBDC, no US entity ever really pursued creating one.

   #crypto #cryptocurrency #USpolitics #USpol

   • Embed this notice
     Molly White (molly0xfff@hachyderm.io)'s status on Friday, 24-Jan-2025 06:12:18 JST Molly White

     in reply to

     Regarding the stockpile, I suspect bitcoiners are going to be upset that it is now a "digital asset" stockpile and not a bitcoin stockpile. Furthermore, echoes Trump's original idea of establishing such a stockpile by merely not selling off cryptos seized by law enforcement.

     #crypto #cryptocurrency #USpolitics #USpol

   • Embed this notice
     Molly White (molly0xfff@hachyderm.io)'s status on Friday, 24-Jan-2025 06:12:25 JST Molly White

     in reply to

     The people who were most excited about a bitcoin stockpile were mostly looking at the proposals by RFK Jr., Sen. Lummis, etc. who had proposed going out and buying a bunch of BTC for a "strategic reserve" (thus pumping the BTC price), and this does not look like that.

     The most meaningful portion of this will likely be the regulatory changes to come, though those were pretty clearly coming regardless of any EO.

     #crypto #cryptocurrency #USpolitics #USpol

   • Embed this notice
     Molly White (molly0xfff@hachyderm.io)'s status on Friday, 24-Jan-2025 06:22:42 JST Molly White

     in reply to

     To be clear: the crypto executive order does not itself create a digital asset stockpile. It instructs the working group to "evaluate the potential creation and maintenance" of such a thing.

   • Embed this notice
     Darryl Ramm (darryl_ramm@hachyderm.io)'s status on Friday, 24-Jan-2025 06:25:25 JST Darryl Ramm

     in reply to

     @molly0xfff

     Lets get the priorities where they should be, lets end social security and use that money to fund a crypto reserve.