Earlier this morning, someone in the White House Staff made a mistake, they posted on the finished executive order of Joe Biden regarding cryptocurrency. Most people that I have spoken to in the space seemed to be positioned defensively, which is prudent when you have uncertainty surrounding pending litigation. But if there is one thing I have learned in my time trading stocks, is the market rewards and loves certainty, even if its bad news, when the bad news is not so bad as the market had feared for example. This is not one of those times, this is unambiguously good news for all cryptocurrency investors, proponents, developers involved in every blockchain in every ecosystem that is based in the United States.
Link to White House Press Release White House Press Release March 9, 2022
Key Points
(All Quotes from the Official Press Release found Here)
"That is why today, President Biden will sign an Executive Order outlining the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology. The Order lays out a national policy for digital assets across six key priorities: consumer and investor protection; financial stability; illicit finance; U.S. leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation."
- What is good about this approach taken by President Biden is this aligns all agencies of the government under the same blanket directive, this is key these days because the US Government is compartmentalized in different departments and if you have the Treasury Department, SEC, IRS, CTFC all operating under different plans and congress tells the Federal Reserve to do a completely different thing, you can see how government can be so ineffective at times. With this approach, we have all of these departments aligned, and I think we have a good message they are following, its an exploratory message to learn and move forward.
"Explore a U.S. Central Bank Digital Currency (CBDC) by placing urgency on research and development of a potential United States CBDC, should issuance be deemed in the national interest. The Order directs the U.S. Government to assess the technological infrastructure and capacity needs for a potential U.S. CBDC in a manner that protects Americans’ interests. The Order also encourages the Federal Reserve to continue its research, development, and assessment efforts for a U.S. CBDC, including development of a plan for broader U.S. Government action in support of their work. This effort prioritizes U.S. participation in multi-country experimentation, and ensures U.S. leadership internationally to promote CBDC development that is consistent with U.S. priorities and democratic values."
- Here we finally have certainty and alignment with the Federal Reserve which has been exploring the idea of a central bank stable dollar currency, this is great and officially legitimizes that cryptocurrency has been adopted by the dominant financial groups on the planet officially. IF you would like to peek into the mind of one of the Federal Reserve Governers and his recent speak regarding cryptocurrency please check out the speech at the Federal Reserve's website Here
Do opposite of what Cramer preach?
Best plans... Hmm?...
!LOLZ !PIZZA !LUV
@keeper-of-eden(2/3) gave you LUV.
H-E tools | connect | <><
LUV in the dark? The confirmation-reply may soon be turned off. This would be to conserve and replenish Resource Credits. Even while operating in the dark, your LUV command will still go through as usual. You can always monitor LUV in your wallet, at explorer A or at explorer B, or best, in real time at the luv-log channel on Discord.
Tap to help.
lolztoken.com
He's working in the crust station.
Credit: reddit
@forsakensushi, I sent you an $LOLZ on behalf of @keeper-of-eden
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (2/4)
LOL honestly he has some nuggets of amazing advice at times, but you have to know what you are looking for.
!PIZZA
!LOLZ
!LUV
@forsakensushi(7/10) gave you LUV.
H-E tools | connect | <><
LUV in the dark? The confirmation-reply may soon be turned off. This would be to conserve and replenish Resource Credits. Even while operating in the dark, your LUV command will still go through as usual. You can always monitor LUV in your wallet, at explorer A or at explorer B, or best, in real time at the luv-log channel on Discord.
Tap to help.
lolztoken.com
They each got six months.
Credit: vcclothing
@keeper-of-eden, I sent you an $LOLZ on behalf of @forsakensushi
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (7/10)
Have a great day.
!PIZZA
!LOLZ
You too brother! keep on rockin!
!PIZZA
!LUV
!LOLZ
@forsakensushi(1/10) gave you LUV.
H-E tools | connect | <><
LUV in the dark? The confirmation-reply may soon be turned off. This would be to conserve and replenish Resource Credits. Even while operating in the dark, your LUV command will still go through as usual. You can always monitor LUV in your wallet, at explorer A or at explorer B, or best, in real time at the luv-log channel on Discord.
Tap to help.
lolztoken.com
Because they know how to suck it up.
Credit: reddit
@steem82868, I sent you an $LOLZ on behalf of @forsakensushi
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/10)
lolztoken.com
..and then a chair and then a table.
Credit: reddit
@forsakensushi, I sent you an $LOLZ on behalf of @steem82868
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (9/10)
Just posted a follow up to this, as even more detailed order was published now.
Thanks for the heads up! seems the market has mixed reactions, what do you think?
!PIZZA
!LOLZ
!LUV
I think seeing how Ukraine was so surprising, more surprising things would be more an indication of market moods and prices. Who can say? All I know is everything getting expensive with inflation.
@forsakensushi(8/10) gave you LUV.
H-E tools | connect | <><
LUV in the dark? The confirmation-reply may soon be turned off. This would be to conserve and replenish Resource Credits. Even while operating in the dark, your LUV command will still go through as usual. You can always monitor LUV in your wallet, at explorer A or at explorer B, or best, in real time at the luv-log channel on Discord.
Tap to help.
lolztoken.com
It’s fine he woke up.
Credit: reddit
@cotton88, I sent you an $LOLZ on behalf of @forsakensushi
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (8/10)
PIZZA Holders sent $PIZZA tips in this post's comments:
keeper-of-eden tipped forsakensushi (x1)
forsakensushi tipped steem82868 (x1)
@forsakensushi(8/10) tipped @cotton88 (x1)
forsakensushi tipped keeper-of-eden (x1)
pynutbater tipped forsakensushi (x1)
steem82868 tipped forsakensushi (x1)
You can now send $PIZZA tips in Discord via tip.cc!
Do you think this will help hive?
!PIZZA
!LUV
!LOLZ
lolztoken.com
But I forgot to mention it to him.
Credit: reddit
@forsakensushi, I sent you an $LOLZ on behalf of @pynutbater
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (2/10)