09-22-2022, 09:54 AM
The recent "War" against Stablecoins is just preparing the ground for CBDC. You want
<!-- SC_OFF --><div class="md"><p>Is it me or is this just so obvious?</p> <p>First SEC and the Feds are roasting all CEX, then they jumped on to Bitcoin, XRP and Ethereum, now we can see that Stablecoins are also under the loop, especially with a new Bill that will basically make it possible for Stablecoins to comply within the next 2-3 years, probably even longer or probably never, if it gets passed. </p> <p>The massive focus and attention that SEC is bringing up towards regulating Crytocurrency is just immense. </p> <p>The worst part is the tone, it's straight aggressive and it just creates this FUD cluster on everything that has decentralization in its core.</p> <p>Strangely enough, this happens at the same period when the Crypto Framework is being released and the announcement that there will be a CBDC. </p> <p>For me personally, I just think its so obvious. Things are being cleared out right now, stablecoins are going to be demolished so that everything is ready for a government backed CBDC. </p> <p>CEX will have to play by the new regulations and rules and probably make it mandatory to the users to use the CBDC as this will allow the government to carefully track every possible step of every user in the US. </p> <p>This is of course not just the case with the US, its worldwide, and this is a "last" attempt to jump the train as Mass Institutional Adoption is imminent. </p> <p>Todays stablecoins have some massive challenges and problems, but the monopolistic introduction of CBDC is in my opinion just an attack on DeFi as its trying to prevent it from spreading further. That of course also explains the recent news about Tornado Cash and that Proof of Stake is being a security claim...</p> <p>IMO this is not the Mass Adoption and regulation that we need, because once again, the users will lose control and be highly dependent on the government which is ironic as cryptocurrency was invented in order to stop just that.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/vjeva"> /u/vjeva </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xkaafp/the_recent_war_against_stablecoins_is_just/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xkaafp/the_recent_war_against_stablecoins_is_just/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Is it me or is this just so obvious?</p> <p>First SEC and the Feds are roasting all CEX, then they jumped on to Bitcoin, XRP and Ethereum, now we can see that Stablecoins are also under the loop, especially with a new Bill that will basically make it possible for Stablecoins to comply within the next 2-3 years, probably even longer or probably never, if it gets passed. </p> <p>The massive focus and attention that SEC is bringing up towards regulating Crytocurrency is just immense. </p> <p>The worst part is the tone, it's straight aggressive and it just creates this FUD cluster on everything that has decentralization in its core.</p> <p>Strangely enough, this happens at the same period when the Crypto Framework is being released and the announcement that there will be a CBDC. </p> <p>For me personally, I just think its so obvious. Things are being cleared out right now, stablecoins are going to be demolished so that everything is ready for a government backed CBDC. </p> <p>CEX will have to play by the new regulations and rules and probably make it mandatory to the users to use the CBDC as this will allow the government to carefully track every possible step of every user in the US. </p> <p>This is of course not just the case with the US, its worldwide, and this is a "last" attempt to jump the train as Mass Institutional Adoption is imminent. </p> <p>Todays stablecoins have some massive challenges and problems, but the monopolistic introduction of CBDC is in my opinion just an attack on DeFi as its trying to prevent it from spreading further. That of course also explains the recent news about Tornado Cash and that Proof of Stake is being a security claim...</p> <p>IMO this is not the Mass Adoption and regulation that we need, because once again, the users will lose control and be highly dependent on the government which is ironic as cryptocurrency was invented in order to stop just that.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/vjeva"> /u/vjeva </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xkaafp/the_recent_war_against_stablecoins_is_just/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xkaafp/the_recent_war_against_stablecoins_is_just/">[comments]</a></span>