The big bank Globalists have finally found their way to justify keeping tabs on cryptocurrency and eventually enveloping it into their control.
The puppet President Biden, is expected to sign an executive order, to regulate cryptocurrency according to Bloomberg.
The executive order will direct federal agencies to look into regulatory changes and allegedly will examine the impact of crypto on national security and the economic impact.
In other words, the banks don’t want you having any type of currency they themselves cannot control. The fact that big banks have effectively crashed Russia’s economy, along with their Big Tech buddies, by cutting them off from the world’s financial institutions, should be enough to ring alarm bells.
The executive order will also help coordinate various agencies like the Securities and Exchange Commission and Commodity Futures Trading Commission on crypto.
Since Russia moved into Ukraine, Russia has been cut off from the world’s financial systems and cryptocurrency is something that the government and their higher-ups want bought under their control to further “punish” Russia.
Decrypt.co reported:
The order has been around the proverbial corner for some time. Bloomberg initially projected back in January that it might get signed in February, while Yahoo Finance reported in mid-February that President Biden was “expected to issue an executive order next week.” That clearly didn’t happen.
Russia’s war on Ukraine has made the issue more pressing, as sanctions, central banking and cryptocurrency financing have been in the public consciousness. Instead of using military force, the United States and its allies have been fighting Russia with what the Financial Times has termed “financial warfare.”
Cryptocurrency exchanges and platforms have come in for questioning from lawmakers as to how they comply with U.S. and international sanctions against Russia and Russia-occupied territories—and even face pressure to ban individual users from those jurisdictions.
Last week, Treasury Secretary Janet Yellen said the department will “continue to look at how sanctions work and evaluate whether or note there are leakages.” With regards to crypto leakages, in particular, she added: “It’s not that the sector is completely one where things can be evaded.”
This is all just another way to control the masses. We are entering a new era of digital control and the World Economic Forum are desperate to move the globe into the “Fourth Industrial Revolution” and “The Great Reset,” which will essentially see every human being left on the planet put into servitude.
Biden and his Administration are nothing more than Marxist hacks, corrupt to the core. Biden is steering the United States towards ruin and this executive order is just another step towards totalitarianism.
The Financial Crimes Enforcement Network, acting Director Jim Das advised that, “all financial institutions to be vigilant against potential efforts to evade the expansive sanctions and other U.S.-imposed restrictions,” regarding Russia’s war on Ukraine.
“Although we have not seen widespread evasion of our sanctions using methods such as cryptocurrency, prompt reporting of suspicious activity contributes to our national security and our efforts to support Ukraine and its people.”
So far cryptocurrency has proven to be more of a Ponzi Scheme than anything else since their value has only grown with nothing to support it than having more people buying more of it. At its best cryptocurrency is no different than a Debit Card as both are backed by the dollar. As such all cryptocurrency purveyors should be considered as banks and fall under banking regulations. The only real value of an overreaching government to adopt cryptocurrency is to subvert banking regulations to intrude on the privacy of individuals and would violate the Constitution.
If Joe is for it there must be some thing rotten with cloud coins.
I do wonder WHY Joe is for it.
Senile, Dictocrat Joe is only concerned with his own wallet – or share it with Hunter?