Loading ...“It’s Curtains For The US” – Billionaires Are Backing Bitcoin Over “Fiat Fraud”
While these comments are certainly encouraging for crypto bulls, and they represent a critical shift in crypto being accepted by a growing number of powerful figures who still see themselves as outsiders in the closely guarded world of Wall Street, we would be surprised if their comments didn’t elicit some kind of push back, not just from the “financial gerontocracy”, but from the central bankers who are the stewards of the fiat system. Just this past week, Treasury Secretary Janet Yellen warned that crypto poses a risk that could disrupt the financial system.
It’s a familiar strategy: the central banker cabal is skeptical of all crypto except central bank digital currencies – blockchain based cryptocurrencies that they can control, and use to strip society of the last vestiges of privacy and monetary freedom.
https://www.zerohedge.com/crypto/its-curtains-us-billionaires-are-backing-bitcoin-over-fiat-fraud
According to Armstrong: US Treasury is pushing an e-cash and unrealized capital gains tax bill through Congress.
Likely to get passed.
E-cash is issued by US Treasury, not the Fed.
Treasury is not in favor of CBDC. Fed gets left out in the cold.
In which case the Fed is left holding the bag.
With E-cash, Treasury will then force all cryptocurrencies into E-cash.
So looks like a battle between the Fed and Treasury coming.