FTX was the proof of concept of using a government-controlled cryptocurrency to launder stolen taxpayer dollars and disappear it.
It worked so well they are moving on to Phase II.
Yes. Section 7.d of the President’s EO talks about protecting against money laundering. Yeah, like they want that exposed. Right.
https://www.whitehouse.gov/briefing-room/presidential-actions/2022/03/09/executive-order-on-ensuring-responsible-development-of-digital-assets/
Yup. Most people look at FTX and see a great big failure.
But, clearly, some people see a big success. And now we will get a lot more of it.
[FTX was the proof of concept of using a government-controlled cryptocurrency to launder stolen taxpayer dollars and disappear it.]
I expect, ummm, more “upheavals” to come in the crypto world. /shiny side out