Today President Trump issued a new Executive Order titled, "STRENGTHENING AMERICAN LEADERSHIP IN DIGITAL FINANCIAL TECHNOLOGY." Surely signed with an enormous magic marker, the order significantly reframes American policy regarding digital assets & digital asset regulation. The order outlines several key policies and initiatives: 1. Access to/use of PUBLIC blockchains: The order protects the ability of individuals and companies to access and use open public blockchain networks "without persecution," including the ability to develop & deploy software (TornadoCash & other mixers?), participate in mining & validating, transact without unlawful censorship, & legally maintain self-custody of digital assets. Although it wasn't called out specifically, the largest truly public blockchain that will meet this definition is obviously the Bitcoin network. Surely the Ethereum network and several others also qualify. The working group to be convened may help define how public a blockchain must be to be "public" under the administration's policy. 2. Promotion of USD-backed stablecoins: The order promotes the use of USD-backed stablecoins worldwide, likely to promote USD hegemony in global financial settlements. Query whether this will promote a government-issued stablecoin (not a CBDC, see below), or hopefully promote competition among existing successful stablecoins. The stablecoin market is huge, vibrant, and pretty "stable." Hopefully the U.S. won't try and reinvent a successful wheel. 3. Fair access to banking services: This is HUGE! The order rescinds the Biden administration's policy colloquially known as "Chokepoint 2.0," which shut off banking for many crypto-adjacent, entirely legal businesses. 4. Regulatory clarity: The order promotes regulatory clarity & certainty built on technology-neutral regulations, frameworks that account for emerging technologies, transparent decision-making, & well-defined jurisdictional regulatory boundaries. A far cry from Gary Gensler's SEC and Yellen's Treasury! 5. Prohibition on Central Bank Digital Currencies (CBDCs): The order prohibits the establishment & use of CBDCs within the U.S., citing concerns about their potential impact on individual privacy, financial stability, & U.S. sovereignty. (Though there's room for this to be walked back.) The executive order also establishes a new working group responsible for identifying regulations that affect the digital asset sector and recommending changes to policy within 180 days. The working group will also evaluate the potential creation of a national digital asset stockpile. (e.g., a bitcoin "strategic reserve.") Overall, this executive order represents a significant development in U.S. policy towards digital assets and financial technology, one that aims to promote innovation while protecting economic liberty and individual rights.

@SpyreWerks In the company, everything from front line to C-suite/equity owners.

@Cointelegraph So these are Mike's coins and not Microstrategy's?!?

@BikesandBitcoin It certainly isn't on my bingo card.

HOW we live matters far more than HOW LONG we live. Quality > quantity. "It is with the reach of every man to live nobly, but within no man's power to live long." -Seneca, XXII

@Cointelegraph 1. Bitcoin 2. Bitcoin 3. Bitcoin

@BTC_for_Freedom 👆🏼this.

@CarlBMenger We will always be poor if we define wealth quantitatively.

RT @SahilBloom: An important rule for life…

@kofinas 11

Seneca, on materialism (& low time preference): "Halt before every good which Chance brings to you in a spirit of doubt and fear... Do you call these things the "gifts" of Fortune? They are snares... for we think that we hold them in our grasp, but they hold us in theirs." - Letters, 8

I think many memecoins are indeed scams: quick money grabs by the creator. However, a free market should follow "caveat emptor" and the adage that a fool and his money are soon separated. That's why I think most "crypto" is decentralized, tokenized, democratized venture capital. Most will fail; some won't. Some folks who would otherwise be shut out of investing in emerging startups can participate. If only all of finance worked thus.

@WatcherGuru How about no?

@kofinas 💯 @kofinas ! 💯 Two millennia ago, Nero would have launched a $Nero coin. If someone creates that, I deserve an airdrop.

@FT "Open" AI?

Everywhere and at all times it is within your power to accept reverently your present condition, to behave justly to those about you, and to exert your skill to control your thoughts, that nothing shall steal into them without being well examined. - Meditations VII, 54

@FT "low confidence."

Marcus Aurelius on hubris, national exceptionalism, and perspective: "Asia and Europe are but corners of the universe; Athos [America] a little clod of the universe; the present time a point in eternity. All things are small, changeable, perishable." Meditations VI, 36. Zoom out.

@kofinas *think.