tldr; US Representative Warren Davidson warns that digital IDs and central bank digital currencies (CBDCs) could turn the US into a ‘surveillance state,’ undermining the original promise of permissionless, private money. He criticized the GENIUS Act for enabling a CBDC that could be used for surveillance and control. Davidson and Representative Marjorie Taylor Greene advocate for self-custody and privacy, opposing measures that increase state control over financial systems. They support the CLARITY Act, which aims to protect self-custody, though its impact may be limited.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Renowned_Molecule on
Big LOLs! The seasoned veteran just grins and moves.
n4spd2 on
news flash, it’s been a surveillance state for a long time.
you give company data, company sells to everyone, including government
also, your rights mean nothing if government can step over it anytime it wants.
4 Comments
It’s not a risk, it’s literally the point
tldr; US Representative Warren Davidson warns that digital IDs and central bank digital currencies (CBDCs) could turn the US into a ‘surveillance state,’ undermining the original promise of permissionless, private money. He criticized the GENIUS Act for enabling a CBDC that could be used for surveillance and control. Davidson and Representative Marjorie Taylor Greene advocate for self-custody and privacy, opposing measures that increase state control over financial systems. They support the CLARITY Act, which aims to protect self-custody, though its impact may be limited.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Big LOLs! The seasoned veteran just grins and moves.
news flash, it’s been a surveillance state for a long time.
you give company data, company sells to everyone, including government
also, your rights mean nothing if government can step over it anytime it wants.