Jake Chervinsky
@jchervinsky
What do you not understand about crypto law or policy that you wish someone would ELI5?
23 replies
65 recasts
145 reactions
Chase Sommer
@chasesommer.eth
Is it possible for the US government to create a crypto currency and force people to use it instead of any other cryptocurrency?
2 replies
0 recast
2 reactions
Vix
@cinders.eth
Like the CBDC, they have already. Not that they are forcing anyone as of yet but there is a digital currency in place. Last year, FL governor signed a Anti CBDC bill into law restricting the use of central bank digital currencies (CBDCs) in the state. https://x.com/samuelarmes/status/1653761904169320448?t=JOqiclaZrpGHnFRkvwr74A&s=19 https://www.federalreserve.gov/cbdc-faqs.htm
1 reply
0 recast
2 reactions
Jake Chervinsky
@jchervinsky
They could try, but it would require creating a central bank digital currency ("CBDC") and then banning all privately issued digital assets. Personally, I think that's unlawful and/or unconstitutional at least a half dozen ways, and lawsuits would start flying immediately if they tried. I don't see it happening.
0 reply
0 recast
2 reactions
