How do they propose to eliminate cryptoassets, or is this just another fundraising/grifting appeal?
To eliminate peer-to-peer exchange networks, they’d have to ban cloud computing and the internet itself. They’d have to ban barter transactions.
If those things happen, I won’t be alone in violating the law frequently.
I believe the intent is to make any other digital currency essentially illegal, so that people can use only the Federal digital currency. You might still have bitcoin or whatever, but where can you use it?
And if I’m remembering what I was listening to the other day, that’s what the Silvergate bank collapse was about. They were primarily dealing in crypto-currencies & at the ‘suggestion’ of the Feds, decided to wind-down & go out of business. I don’t remember all the details.
“If those things happen, I won’t be alone in violating the law frequently“
Each of the traitors who had a hand in implementing it must have a serious “accident” as well. Hunting them down and decorating lampposts with them is more satisfying, but after the first few the rest would go into hiding. So “accidents” are the way to go.