[ad_1] <br><div><p><em>It is a transcribed excerpt of the “Bitcoin Journal Podcast,” hosted by P and Q. On this episode, they're joined by Jason Brett and Dusty Daemon to elucidate how the White Home is planning to manage the cryptocurrency business, how they view Bitcoin and Lightning, and the plan for a central financial institution digital forex.</em></p><aside class="m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-b not-size-c not-size-d" data-ad-group="in_content-0"/><p>Watch This Episode On YouTube Or Rumble</p><p>Pay attention To The Episode Right here:</p><p>Jason Brett: What I can let you know is that the White Home simply did a last report from FSOC, which is the Monetary Stability Oversight Council, which is just like the excessive council of all of the regulators that look over what all the opposite regulators just like the SEC does. There was additionally the White Home framework on digital property for the primary time and I feel it is necessary to simply dissect a bit bit about what this implies.</p><aside class="m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-b not-size-c" data-ad-group="in_content-0"/><aside class="m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-b not-size-d" data-ad-group="in_content-0"/><aside class="m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-c not-size-d" data-ad-group="in_content-0"/><aside class="m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-b not-size-c not-size-d" data-ad-group="in_content-1"/><p>The important thing takeaways are that there is doubtless going to be a push to manage the exchanges extra and give attention to the subsidiaries and associates of exchanges that regulators take a look at, just like the best way they now take a look at banks for the Federal Reserve, after they take a look at a financial institution holding firm or Financial institution of America, they take a look at what all the opposite associates and subsidiaries are doing. What's fascinating is the important thing takeaways and themes of this new form of framework that we have now from the White Home is to focus closely on analysis and improvement into CBDCs (central financial institution digital currencies).</p><p>That is like No. 1 is with the very best precedence and by the very best precedence, the Federal Reserve, the White Home and the U.S. Treasury have fashioned a CBDC working group. So they're pushing all of the levers to see what analysis and improvement must occur if the USA ought to select to introduce a CBDC. One factor that was not made public is the Division of Justice additionally did a report in step with the manager order on digital property, the place they simply transmitted a report, which is a findings as to what sort of laws the USA may must introduce so {that a} CBDC can't be approved by the Federal Reserve.</p><aside class="m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-b not-size-c" data-ad-group="in_content-1"/><aside class="m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-b not-size-d" data-ad-group="in_content-1"/><aside class="m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-c not-size-d" data-ad-group="in_content-1"/><p>That is primary, and I wanna harp on that for a second as a result of I feel there's nonetheless a real perception. I feel between Secretary Janet Yellen of the Treasury and in addition Jerome Powell on the Fed and others on the Fed, who imagine that if the USA can introduce a central financial institution digital forex, not solely to keep up the energy of the greenback by way of what China's doing, however on the identical time, they imagine this can primarily quiet crypto/ bitcoin, proper? Individuals is not going to be as keen on bitcoin, essentially. They're actually making an attempt to go after the stablecoin market. To be sincere, bitcoin actually is not on the listing; it is extra they're anxious about these international stablecoins like Circle’s USDC, however there nonetheless is a basic perception that's the reason they're pushing on all levers: to see if the USA can introduce the CBDC as a result of they see it as a problem-solver for all the problems they at all times describe come from issues like bitcoin and different cash.</p></div> <br>[ad_2] <br><a href="https://bitcoinmagazine.com/legal/white-house-regulating-bitcoin-with-cbdc">Source link </a>