Crypto Critics' Corner CBDCs are Dead, Long Live Trump Coin!
Jan 25, 2025
The discussion kicks off with an intriguing executive order from Trump, setting the stage for a deep dive into its ramifications for digital finance. The hosts contrast Trump's new working group on crypto with Biden's regulatory stance, raising alarms about the safety of consumers amidst political maneuvering. They also tackle the collision of governance and cryptocurrency, investigating conflicts of interest and the historical lessons from financial crises. Finally, the podcast scrutinizes emerging meme coins and the transparency challenges facing the industry.
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Trump's Executive Order
- Trump's executive order bans CBDCs and creates a digital asset stockpile.
- This definition of CBDC would destroy the entire financial system.
Sloppy Executive Orders
- Other executive orders by Trump have shown formatting issues, suggesting the use of AI tools.
- This sloppiness and lack of expert consultation are concerning.
Question Billionaires
- Be wary of the actions of billionaires like Elon Musk, David Sachs, and Donald Trump.
- Question their motives and critically evaluate their claims, as they often lack expertise and operate in bad faith.