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102 House Democrats, Including Jeffries, Help GOP Send Crypto Bill to Trump's Desk
(www.commondreams.org)
this post was submitted on 18 Jul 2025
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https://www.congress.gov/bill/119th-congress/house-bill/1919
Oh come the fuck on what. So the plan is to hand stable dollar digital payments entirely to private entities. Super Cool.
Are you just waking up from a coma? Because they've been pretty open about wanting to privatize the government and run it like a business. Mitt Romney basically campaigned on that over a decade ago.
These people have always wanted to escape accountability to the community. They want nothing more than to be free to use their considerable wealth and influence without regard for anything but their own interests. Private power seeks to destroy public power and escape the confines of other people's needs.
Does it stop me from using foreign entities? Because if not and it's a must have I'll poor my equity somewhere else.
Technically that is how it has always been in the USA. The major banks were always private and overseen/regulated by the Board of Governors and they all have seats at the Federal Reserve Board, with leaders selected by a sitting US president and Speaker of the House, and which span multiple administrations.
The US Treasury controls money creation by setting Interest Rates to limit the creation of money and by producing or destroying cash.
All this says is that the treasury cannot do something it already wasn't doing.