Executive Order On Crypto I Think We Know

Executive orders feel like a way for a president to try and throw around power. To be clear I also find them highly abused and used for means they are not meant for. In a way it pretty much delcares them as a dictator and should seriously be looked at in ALL cases. For some reason they feel one person knows better than the vast majority of people. While that might be the case a few times it's often not.

To think governments didn't play a hand in instigating Russia to attack I feel is dumbfounded. Do I support the war? Hell no, I never support a war and it needs to end now and go back to talks. You should be mad at ALL leaders not just one for allowing such a thing to even take shape. There's a lot happening in the background you need to look into as there's always two sides of a story.

In any case we don't know any details about what this executive order is going to be from the president. Just that one is coming down the pipeline this week. But from what I've been seeing as of late it feels like they are going to push their agenda because of this war. Which is totally BS and I don't support that at all. However a vast majority of people sadly wont understand that CRYPTO was one of the last few things that could restore your right to privacy and restore at least some freedoms back to people.

What we are seeing are many exchanges over the last 24 hours change tune. Such as Coinbase refusing to block Russian IP addresses to now today blocking them. I don't find this effective at all. You're now punishing ALL people in Russia and pretty much destroying their lives even though there are many speaking up and against the war which is actully HUGE as these people that get locked up from doing so literally destroy their lives and business and reputation in Russia. It's not like here in the USA where you can speak out and you're find something people CLEARLY take for granted anymore. That speaks volumes to people within Russia speaking up and letting their voices be heard.

So what's to come?

This executive order to me feels like it's going to hold all Exchanges accountable. That means all exchanges in the USA will have to block IP addresses if asked to do so. Fully report all transactions, more KYC and harsher penalty for those not doing so.

Important note: These actions can only be enforce in the USA when it goes live. That's the big benefit of crypto is it can be accessed anywhere in the world.

Besides that I don't see this executive order doing much of anything else. Crypto was invented to give governments like the USA to have less power over its people and restore those freedoms back. If I wanted to bet on anything right now it wouldn't be all these other crypto projects it would be the crypto blockchains that are privacy focuses.

The Most Important Reminder You ALL Should get from this is...

Not your keys, not your crypto.

I haven't used an exchange for years now and primarily focus on privacy oriented swaps and systems anymore. I also store all of my crypto in my OWN wallets. Before it was shit coins, then it was rug pulls on defi, then it was shit NFT projects. Now it's governments trying to enforce things they should have no right to enforce and this is where crypto needs to take a FIRM STANCE as people need to realize what a huge deal these new actions against crypto really are.

It's also been shown that Russia is not using crypto to try and bypass sanctions and if they are it's extremely minimal. The logical step for them is to simply funnel money through China and India. So all this talk about crypto is a total story to try and remove your rights.