GENIUS Act, very dangerous bill passed!

[LarryMyster]

Not sure if anyone noticed or not but GENIUS Act bill just passed and what it means is that we are digitizing our Currency in the US. It was passed 7/18 of this year. This is bad news, a beginning of Control of What we can or cannot purchase.

https://www.congress.gov/bill/119th-congress/senate-bill/1582

There is the bill if anyone is interested in going through it.

how do you feel about it?

 

[Shawn]

Why do you feel like it will control what we can or cannot purchase?

 

[LarryMyster]

Why do you feel like it will control what we can or cannot purchase?

Well, its already happening. For example, VISA has completely screwed over itch io and Steam, both had to remove a lot of games because VISA has denied people from buying certain games... But this bill isn't apart of that, but in some way it is... So this bill basically says that the US Government is digitizing currency of the US Dollar now called "stable coin," essentially a federally managed Crypto Currency. Public servants and fed workers will have the first rollout, then eventually all of the US will be needed to switch over to this new type of currency. The reason why its super scary is because if the federal government takes control of our money and how we spend it then really we have no independence. This bill has passed and the government are subtly stripping our freedoms little by little.

 

[Shawn]

I mean they kind of control the $ now.

If Trump is pissed off, he just tweets and the economy goes to hell. That shouldn't be happening.

 

[LarryMyster]

I mean they kind of control the $ now.

If Trump is pissed off, he just tweets and the economy goes to hell. That shouldn't be happening.

Very True on that.

I think people are too emotionally charged when it comes to that. Although the deal he made with EU was a smart move.