Howdy, folks! It’s your old pal Mark Twain here, and let me tell you, the latest news out of Washington is enough to make a cat laugh. π€£ Ol’ Donald Trump, bless his heart, has gone and formed a new crypto working group, and guess who he’s left out? The Federal Reserve and the FDIC, that’s who! π²
Now, I ain’t no financial expert, but it seems to me that these two agencies have been a real thorn in the side of the crypto industry, what with their “Operation Choke Point 2.0” and all. π€¬ But Trump, he’s having none of it. He’s put together a team of his own, and they’re gonna be the ones calling the shots when it comes to digital assets. π°
And let me tell you, this ain’t no ordinary working group. Nope, they’ve got some big-time players on board, like the Treasury Secretary and the Secretary of Homeland Security. π€ I reckon they’re gonna be reviewing all the existing crypto regulations, and you can bet your bottom dollar they’re gonna be making some changes. π₯
But the real kicker? They’re gonna be putting the kibosh on any plans for a Central Bank Digital Currency. π« Yep, Trump’s government is taking a more free-market approach to digital assets, and they ain’t about to let the government get its grubby hands on our hard-earned crypto. π
So, folks, buckle up, because it looks like the crypto world is about to get a whole lot more interesting. π And who knows, maybe we’ll even see some good ol’ fashioned swindlin’ and hucksterism along the way. π After all, that’s the American way, ain’t it? πΊπΈ
π¨THIS IS BIG: Trump’s #crypto executive order EXCLUDES the Fed & FDIC from the digital asset working group. Both tried to kill the industry thru #debanking & especially targeted my company, @custodiabank. Both belong on the outside. Nature is healing.π
β Caitlin Long πβ‘οΈπ (@CaitlinLong_) January 23, 2025
Anywho, that’s all I’ve got for now. But you can bet your bottom dollar that I’ll be keeping a close eye on this whole crypto circus. π€‘ Who knows, maybe I’ll even write a book about it someday. π Until then, y’all take care, and don’t forget to keep your wits about you. π
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2025-01-24 23:30