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Trump Wants Big Tech to Own the Dollar

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Scott Baker
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In the rapidly evolving landscape of decentralized finance Stablecoins are anything but.
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The IMF-World Bank Spring meetings are usually placid affairs that participating central bankers wish to forget soon after they are over. Not this Spring. This April the feeling several central bankers brought back home with them was not the usual relief but something far more visceral: dread, terror even. The reason? The spectre of the Genius Act—the U.S. stablecoin bill barrelling toward law in 2025, hot on the heels of Donald Trump’s January 23 executive order heralding a strategic cryptocurrency reserve.
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Scott Baker Social Media Pages: Facebook Page       Twitter Page       Linked In Page       Instagram Page

Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)
 

Related Topic(s): Bankers; Bankers; Cryptocurrency; Trump; Trump Against Eu, Add Tags
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