The legislative proposal protects consumers and businesses from a federally controlled CBDC by:
Expressly prohibiting the use of a federally adopted Central Bank Digital Currency as money within Florida’s Uniform Commercial Code (UCC).
Instituting protections against a central global currency by prohibiting any CBDC issued by a foreign reserve or foreign sanctioned central bank.
Calling on likeminded states to join Florida in adopting similar prohibitions within their respective Commercial Codes to fight back against this concept nationwide.
Once all these major crypto advocates are in jail or on the run, we can feel safe from those risky alternative currencies competing with the dollar while not having inflation risk…
FTX collections are going well… for the lawyers
Behind a pay wall, but you can see from the headline that the lawyers have generated over 6 million pages of documents. $16 per page. Cheap for twice the price.
Though you might have an FTX-like scam risk.
BTW, was Do Kwon extradited from Montenegro to South Korea?
Many altcoins under pressure as various exchanges respond to US legal threats and drop trading coverage. ETH staking also under fire in the COIN lawsuit.
Two of Elon Musks big companies that held crypto have been dumping most or all of it. TSLA sold most, SpaceX sold all.
Should not tamper with witnesses
Cohen also informed the judge that Bankman-Fried takes two medications, Adderall and Emsam. The lawyer said the first helps Bankman-Fried focus and has not been provided to him in jail, and that he has a “limited supply” of the latter.
Oy vey’z mir …
Is there a better, current, ad for outdoor exercise?
My understanding is that the court cannot force the SEC to approve the ETF
Edit. Still in the courts on September 15, 2023. Will the SEC fold and allow crypto ETFs or will they appeal?
Some shenanigans before the trial, which begins October 4, 2023
There was an insightful article in BusinessWeek. The parents did benefit financially at a tune of $millions from the FTX scam.
I probably gave the wrong impression in my comment. I have a little doubt that the whole family siphoned millions from FTX. They are corrupt as hell and naturally major Democrat donors.
Here’s an article of SBF’s political donations in 2022 from CBS news, no conservatives they
Public records of Bankman-Fried’s money show it primarily went to support Democratic committees and candidates.
Edit: and his parents
The lawsuit also delves into the involvement of Joe Bankman and Barbara Fried in FTX ‘s operations. Joe Bankman , a tax professor, was an FTX employee and played a significant role in the company’s philanthropic activities. Barbara Fried , on the other hand, managed a political donor network financed by her son.