From Newsgroup: alt.privacy

https://www.newsnationnow.com/politics/clarity-act-bill-cryptocurrency-industry/

The billrCOs purpose is, rCLTo provide for a system of regulation
of the offer and sale of digital commodities by the Securities
and Exchange Commission and the Commodity Futures Trading
Commission, to amend the Federal Reserve Act to prohibit the
Federal reserve banks from offering certain products or
services directly to an individual, to prohibit the use of
central bank digital currency for monetary policy, and for
other purposes.rCY

. . .

Um ... one of the big reasons for Crypto was that
govts could NOT regulate/steer/worse the commercial
exchange.

At this rate, you'd be better off with a regular
Wells-Fargo bank account .....

Some un-regulatable version of Crypto STILL needs
to exist ... as govts zero in on one, you shift to
the next and the next ....

We already have a de-facto surveillance state - and
that NEVER turns out well - despite the bullshit it
is always The Elite looking to screw over everyone
else for their own purposes and power.

'AI' will make all that even more effective, more
intrusive, more likely to brand you a 'dissident'
or 'terrorist' based on some mathematical model.
A number of western govts are now actively trying
to eliminate 'cash' so they can spy on EVERY
transaction no matter how trivial. "It will make
your life better !" ...

NOT !

Never EVER underestimate the will/pathology of
govts to exploit information on The People. If
they HAVE it they WILL use it against you. They
just can't help themselves. The Stasi lives in
EVERY govt, EVERY org.

Back to trading pigs and chickens ? Might get there ...

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