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100 sats \ 0 replies \ @machuPikacchu 6 Jun \ on: New law grants US president power to block digital asset access news
Digital asset means any digital representation of value ... that is built as part of a system that to leverages or replace blockchain or distributed ledger technology or their derivatives.
I'm not a lawyer but that's an extremely broad definition that could encompass ALL online financial instruments and rails including the Visa network and CBDCs. If the ledger (database) isn't completely isolated to a single machine then it's distributed...
This effectively gives the president the power to cut off ANYONE from online banking. How can that possibly go wrong?
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