Jason Solis’ Post

In a recent statement, former President Donald Trump declared his opposition to Central Bank Digital Currencies (CBDCs), asserting that he would 'never allow a CBDC' if re-elected. This stance marks a significant viewpoint in the ongoing debate about the future of digital currencies and their regulation. As professionals in the finance, tech, and crypto sectors, this development poses several questions: How will this position impact the evolving landscape of digital currencies? What implications might this have for financial regulation and innovation? How does this align with global trends towards digital currency adoption? I'm keen to hear your thoughts on this. How do you think Trump's position might influence the future of digital currencies in the U.S. and globally? #DigitalCurrency #CBDC #Finance #Regulation #Innovation #Trump https://lnkd.in/dGKuFW9z

Stablecoins and Staking coming to the UK: In a move that highlights the #UK government's proactive stance on cryptocurrency #regulation, Economic Secretary to the Treasury Bim Afolami MP recently announced plans to introduce legislation for #stablecoins and #staking services within the next six months. This announcement aligns with the broader strategy outlined by The Bank of England and the Financial Conduct Authority (FCA) in October 2023, which I recall sharing about also here on #linkedin. Their coordinated approach aims to oversee the #crypto sector effectively, with a timeline that sets the stage for consulting on final stablecoin rules by mid-2024 and implementing the stablecoin regime by 2025. This step will really help UK's journey towards establishing a clear regulatory framework for the #cryptocurrency and #blockchain market. #stablecoin #cryptocurrencies #cryptonews #techtrends2024 #technews #digitalassets #web3 #uknews #governmentregulations #fintech #cryptoregulations #policy #digitaltransformation #innovation

#Regulators disclosed new rules based on international standards for #banks and #insurers who hold #crypto assets. With modern #identityverification solutions, banks and insurers can boost the efficiency of their #compliance teams without adding unnecessary friction. https://hubs.ly/Q01-x3jy0

UK Minister Expects Laws on #Stablecoins, #Staking Within Six Months. According to a #Bloomberg report, the UK government is “pushing very hard” to get new rules governing stablecoins and staking services for #crypto assets approved by lawmakers within the next six months, ahead of this year’s general election. Notably, the UK is yet to set a date for its next general election, however, it is legally bound to take place by January 2025. #bitcoin #ethereum #blockchain #fintech #wealthmanagement #familyoffices https://lnkd.in/d4F8QD2V

Two contenders for the U.S. presidency, Donald Trump and Robert F. Kennedy Jr., have taken a strong stance against the adoption of central bank digital currencies (CBDC). Kennedy Jr. expressed his dedication to online financial autonomy, declaring that he will halt the move towards a CBDC if elected. Conversely, Trump pledged to prevent the federal government when it comes to overseeing American finances through a CBDC, following advice given by Vivek Ramaswamy, a Trump endorser. Read the full story on the CryptoWeekly website using our link below. #cryptonews #digitalcurrency #donaldtrump #unitedstates #cbdc #cryptocurrencies #election

Trump Opposes Digital Money: What It Means for Banks and Your Wallet #accessibility #AlanGreenspan #Bitcoin #blockchaintechnology #CBDCS #centralbankdigitalcurrency #decentralizedcurrencies #economicpolicies #efficiency #financialinstitutions #financialsystem #futureofmoney #globalfinance #governmentcontrol #governments #individualfreedom #nationaldigitalcurrency #privacy #privatebanks #Security #stateissueddigitalcurrencies

🛑 I disagree and don’t think tokenization of real world assets on permissioned blockchains will lead to the biggest heist in history. With decentralized, permissionless, public blockchains, assets like Bitcoin follow the rule of "code is law." On a permissioned blockchain "law is law." All participants on a permissioned chain agree how they will interact. If a bad actor were to steal tokenized real-world-assets on a permissioned blockchain, those assets (tokens) could be burned and reminted, giving the assets to the proper owner by law. I am more concerned about the Bitcoin backing the BTC ETFs being stolen as these assets are bearer instruments. Your thoughts in the comments below 👇 #blockchain #tokens #tokenization #tokenisation

"U.K. House of Commons Treasury Committee lawmakers have published their concerns about the government’s plans for a digital pound. Among other things, they want lower than proposed limits for individual holdings and for the government to create a digital pound that can bear interest. The U.K. and European Union’s proposals so far have stated that a central bank digital currency, like cash, shouldn’t earn interest." #uk #cbdc #digitalcurrency #cbdc #digitalpound #centralbankdigitalcurrency #crypto #cryptoassets #digitalassets

Here are the Constitutional references regarding legal money in the United States. For those who aren’t sure about the legality of Cryptos, Stablecoin and CBDC. All are officially illegal as money. BUT have yet to be challenged in court. It’s doubtful any of these alternative monies/currencies will be challenged because our true rulers will need them to further implement “control.”

U.S. Treasury Issues Crypto Tax Regime For 2025, Delays Rules for Non-Custodians: The IRS has now set up its reporting system for crypto brokers, but it set aside related rules for DeFi and unhosted wallets as it continues to ...