'The assertion the U.S. should simply withdraw from global CBDC discussions is an unworthy position for the custodian of the world’s reserve currency. Letting the future of money pass by is a profound disservice to the American people.' Opinion.
First, a U.S. freedom coin must not weaken the personal financial privacy available with today’s paper cash.
Third, the advent of CBDCs offers the opportunity to reassess contemporary financial surveillance activities in their entirety and rebalance them in better accord with American constitutional norms, the presumption of innocence and the rule of law. It is entirely foreseeable that private-sector sponsors of cryptocurrencies and stablecoins or even commercial servicers of digital dollars, such as wallet providers and others, could be compelled by government to conduct covert surveillance, report on activity and disable financial transactions with disfavored groups and activities in the same way many social media platforms, most notably Twitter, have bowed to political winds.
In democratic societies, lawful transactions in digital money – sovereign or non-sovereign – must be immune from political surveillance and censorship regardless of who is in power today, four years from now and 10 years from now.provides the opportunity to fully reassess contemporary financial surveillance activities. It provides the chance to reestablish financial law enforcement in truer accord with American constitutional norms, the presumption of innocence and the rule of law.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
West Texas A&M University president cancels student drag show, saying it degrades womenWest Texas A&M University's president canceled a student drag show, saying it degrades women. Students say he mischaracterizes drag as a culture and art form. They plan to protest. First Amendment lawyers say drag is protected free speech.
Baca lebih lajut »
Here's What the Internet Is Saying About the 2023 Dodge Challenger SRT Demon 170How the world is reacting to the 1,025-horsepower Dodge 'Last Call' Challenger muscle car and its grand debut.
Baca lebih lajut »
West Texas A&M University president cancels student drag show, saying it degrades womenStudents and First Amendment lawyers say President Walter Wendler’s portrayal of drag shows is off base and the cancellation violates free-speech rights.
Baca lebih lajut »
CenterPoint Energy loses BBB accreditation; This is what the company is saying about itCenterPoint Energy has lost its Better Business Bureau of Greater Houston and South Texas accreditation due to several issues the BBB has identified, according to its website.
Baca lebih lajut »
Mexico's president sides with Trump, saying charges are a 'fabrication'Mexico's leader voiced support for Trump as a possible indictment looms over the former president.
Baca lebih lajut »
West Texas A&M University president cancels student drag show, saying it degrades womenStudents and First Amendment lawyers say President Walter Wendler’s portrayal of drag shows is off base and the cancellation violates free-speech rights.
Baca lebih lajut »