2 years ago
Robert Kennedy Jr. — a statesmanlike campaigner successful the United States — believes the Federal Reserve’s integer payments strategy “FedNow” is the government’s archetypal measurement to banning Bitcoin (BTC).
According to Kennedy, radical should not beryllium blinded by claims that FedNow would beryllium initially restricted to interbank transactions. He pointed retired that this could beryllium “the archetypal measurement successful banning and seizing bitcoin arsenic the Treasury did with golden 90 years agone contiguous successful 1933.”
The Fed announced that the FedNow outgo strategy would beryllium launched successful July. The outgo strategy is designed to let measure payments, wealth transfers, and different activities to determination faster and astatine a little cost.
Several crypto stakeholders person pointed out that this determination could beryllium the government’s mode of competing against the industry.
Meanwhile, the U.S. government’s caller crackdown connected the crypto manufacture has been described arsenic “operation chokepoint 2.0.” Law steadfast Cooper & Kirk said the “backroom warfare connected crypto” was unlawful, unconstitutional, and arbitrary.
Kennedy highlights the dangers of CBDCs
The Democrat equated the FedNow to a Central Bank Digital Currency (CBDC), highlighting respective dangers that this portends for U.S. citizens.
According to Kennedy Jr., CBDCs grease the slippery slope to fiscal slavery and governmental tyranny. He noted that the authorities could usage this integer currency to “surveil each our backstage fiscal affairs.”
“The cardinal slope volition person the powerfulness to enforce dollar limits connected our transactions restricting wherever you tin nonstop money, wherever you tin walk it, and erstwhile wealth expires.”
He explained that the integer currency could springiness the authorities powerfulness to frost citizens’ assets oregon adjacent bounds their spending erstwhile they neglect to “to comply with arbitrary diktats.”
The statesmanlike campaigner added:
“Watch arsenic governments, which ne'er fto a bully situation spell to waste, usage Covid-19 and the banking situation to usher successful a caller question of CBDCs arsenic a harmless haven from germ-laden insubstantial currencies oregon arsenic extortion against slope runs.”
Kennedy is simply a nephew of President John F. Kennedy and the lad of the U.S. lawyer wide and New York Senator Robert F. Kennedy.
The station US statesmanlike campaigner Robert Kennedy says FedNow is archetypal measurement to banning Bitcoin appeared archetypal connected CryptoSlate.
English (US) 