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CRYPTOCURRENCY
SFBDG IS NOT A BUYER OR OWNER OF CRYPTOCURRENCY AND NOTHING PRESENTED HERE SHOULD BE CONSTRUED AS A RECOMMENDATION.
President Trump says he has asked his Team to Move Forward on Building a Cryptocurrency Strategic Reserve.
Having a Cryptocurrency Strategic Reserve sounds more like infrastructure to protect the dollar as the preferred standard for secure instrument for international settlements, hence preserving the FED as the US dominent post WWII leader controlling peace through financial sanctions.
President Trump says "A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN"
Thank you President Trump. Questions remain. For Emple:
Do you think it is possible to do this without 1) decoupling the FED from safe settlements 2) neutralizing the benefits of "hidden" and untracable money 3) attaching tax consequences of crypto. 4) seriously hurting the banking system FDIC.
Sounds to me like Trump is just planning to be a buyer of cryptocurrency to stabilize value and, peg it to the dollar, and neutralize the aspects of "hidden" money with a government oversight.
A digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.
"decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation"
Here is information relating to XRP, SOL, and ADA
https://ripple.com/insights/10-things-need-know-xrp/
https://www.investopedia.com/solana-5210472
https://www.investopedia.com/cardano-definition-4683961
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