>>23618415
>they're strengthening the power
Let's start with some basics:
Approximately 560 million people worldwide own or use cryptocurrencies, which is about 7% of the global population.
>https://www.newtrading.io/cryptocurrency-statistics/
Cryptocurrency Usage Among Americans
Approximately '''71% of high-net-worth individuals have invested in digital assets,
indicating a significant interest in cryptocurrency among wealthy Americans.'''
Overall Usage Statistics
Approximately 17% of U.S. adults have ever used or invested in cryptocurrency.
Recent usage is lower, with only 8% having used it in the past year.
>https://www.pewresearch.org/short-reads/2024/10/24/majority-of-americans-arent-confident-in-the-safety-and-reliability-of-cryptocurrency/
What do these bills do for average Americans?
TheAnti-CBDC Surveillance State Actaims to prevent the issuance of a central bank digital currency (CBDC) by the Federal Reservewithout explicit Congressional approval
>http://emmer.house.gov/media-center/press-releases/congressman-emmer-announces-stakeholder-support-for-the-anti-cbdc-surveillance-state-act
(This bill allows Congress to issue CBDC)
TheGENIUS Actrequires stablecoin issuers to maintain reserves backed by liquid assets, typicallypegged to the value of traditional currencies like the U.S. dollarand including U.S. Treasury bills.
>https://www.congress.gov/bill/119th-congress/senate-bill/1582/text
(This bill pairs digital assets to US dollar)
TheDigital Asset Market Clarity Act, also known as the CLARITY Act, aims to establish a regulatory framework for digital assets, defining how they aretreated as securities or commodities.Securities and Exchange Commission (SEC) will oversee investment-related assets & Commodity Futures Trading Commission (CFTC) will manage those classified as commodities
>https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=410793
(This bill potentially allows digital currencies to be traded on stock exchanges)
All this for the 17% of the wealthiest population using crypto?